$CPB (Campbell Soup Company)

$CPB {{ '2015-11-24T14:30:10+0000' | timeago}} • Webcast

$CPB said, it paid dividends totaling $100MM reflecting current quarterly dividend rate of $0.312 per share. In total, the Company repurchased $32MM of shares in 1Q16, $25MM of which were under its share repurchase program. The balance of the repurchases was made to offset dilution from equity-based compensation.

$CPB {{ '2017-08-31T19:38:22+0000' | timeago}} • Webcast

$CPB does not expect the V8 business to return to growth in FY18. The company also expects its US soup sales to decline in FY18.

$CPB {{ '2017-08-31T15:22:55+0000' | timeago}} • Infographic

$CPB Campbell Soup Co. Earnings AlphaGraphics: Q4 2017 highlights

$CPB {{ '2017-08-31T11:34:22+0000' | timeago}} • Announcement

For FY18, $CPB expects sales to change by -2% to 0%, adjusted earnings before interest and taxes (EBIT) to change by -1% to 1%, and adjusted EPS to change by 0-2% or $3.04-3.11 per share.

$CPB {{ '2017-08-31T11:33:18+0000' | timeago}} • Announcement

“In fiscal 2017, we have made progress in several key areas, including increasing our successful multi-year cost savings initiative to $450 million by the end of fiscal 2020," said CEO Denise Morrison, as $CPB posted 4Q17 results.

$CPB {{ '2017-08-31T11:32:14+0000' | timeago}} • Announcement

Even as 4Q17 net sales and organic sales fell 1%, $CPB returned to a net profit of $318MM or $1.04 per share from last year's loss of $81MM or $0.26 per share. Adjusted EPS jumped 13% to $0.52.

$CPB {{ '2017-07-20T11:51:49+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque as new VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North America, which Farooque will lead. $CPB has a goal of generating $300MM in e-Commerce sales over the next five years.

$CPB {{ '2017-07-19T20:53:15+0000' | timeago}} • Announcement

$CPB appointed Shakeel Farooque to newly created role of VP and Head of Digital and E-Commerce. $CPB plans to accelerate its digital and e-Commerce capabilities by forming an e-Commerce unit representing all three Campbell divisions in North Americawhich Farooque will lead. $CPB has goal of generating $300MM in e-Commerce sales over next 5 years.

$CPB {{ '2017-07-19T19:58:07+0000' | timeago}} • Announcement

$CPB outlined the Global Biscuits and Snacks division's growth plans in FY18 to expand the division's footprint: drive the snacking portfolio in U.S. Biscuit and Bakery and Australia; and pursue expansion in developing markets.

$CPB {{ '2017-07-19T19:56:28+0000' | timeago}} • Announcement

$CPB anticipates adding about $200MM in sales across its three divisions over the next five years by broadening its snacking business beyond cookies and baked snacks to include soup, mini meals and fresh snacks, with a focus on mindful kids snacking.

$CPB {{ '2017-07-19T19:55:42+0000' | timeago}} • Announcement

$CPB agreed with The Sage Project to partner on digital disclosure of ingredients using Sage's food data platform. $CPB plans to accelerate the company's digital and e-commerce capabilities by forming an e-commerce unit in North America. The company has a goal of generating $300MM in e-commerce sales over the next five years.

$CPB {{ '2017-07-19T19:54:29+0000' | timeago}} • Announcement

$CPB has taken actions to reshape portfolio toward faster-growing spaces. This includes changes to its recipes and a series of acquisitions, including Bolthouse Farms, Plum Organics, and Garden Fresh Gourmet, as well as the pending acquisition of Pacific Foods.

$CPB {{ '2017-07-19T11:54:08+0000' | timeago}} • Announcement

$CPB reaffirmed its previous FY17 guidance. For the year, Campbell continues to expect net sales to change by -1 to 0 percent; adjusted EBIT to increase by 2-4%; and adjusted EPS to rise by 3-5% or $3.04 to $3.09 per share.

$CPB {{ '2017-07-07T13:13:14+0000' | timeago}} • Announcement

The Board of $CPB declared a regular quarterly dividend on its capital stock of $0.35 per share. The dividend is payable July 31, 2017, to shareholders as of July 13, 2017.

$CPB {{ '2017-07-06T21:03:48+0000' | timeago}} • Announcement

Food company $CPB has agreed to acquire Oregon-based Pacific Foods, a producer of organic broth and soup, for $700MM in cash. Campbell will bring its expertise and scale to Pacific Foods and invest more in the business. Pacific Foods will become part of Campbell’s Americas Simple Meals and Beverages division.

$CPB {{ '2017-06-28T10:53:36+0000' | timeago}} • Announcement

$CPB BoD declared a regular quarterly dividend of $0.35 per share on its capital stock. The quarterly dividend is payable July 31, 2017, to shareholders of record at the close of business July 13, 2017.

$CPB {{ '2017-05-24T12:57:31+0000' | timeago}} • Announcement

$CPB announced a strategic partnership and investment of $10MM in e-commerce meal marketplace Chef’d. Campbell’s investment is part of the Series B round of funding for Chef’d. Other investors in Chef’d’s Series B round include Fresh Direct, which is making a follow-on investment to their Series A investment.

$CPB {{ '2017-05-19T13:56:14+0000' | timeago}} • Infographic

$CPB Campbell Soup Co. Earnings AlphaGraphics: Q3 2017 highlights

$CPB {{ '2017-05-19T13:09:50+0000' | timeago}} • Webcast

$CPB expects global biscuits and snacks to maintain its current momentum. The company also plans to return to more normal marketing levels compared to the stepped up levels a year ago. Additionally, $CPB is on track to slightly exceed its multi-year $300MM cost savings target by the end of FY17.

$CPB {{ '2017-05-19T12:52:11+0000' | timeago}} • Webcast

$CPB stated that early in 2017, the company experienced significantly lower consumption across all of its categories. In 3Q17, the company maintained its market share in 11 metric categories, representing 75% of its US retail dollar sales. However, the sales decline in 3Q17 resulted from softer than expected soup sales and weakness in V8 beverages.

$CPB {{ '2017-05-19T11:38:22+0000' | timeago}} • Announcement

$CPB now expects FY17 sales to fall 0-1%, with adj. EBIT rising 2-4% and adj. EPS growing 3-5% to the $3.04-3.09 range, assuming nominal impact from currency translation. "Despite the challenges on the top line, we expect that we will be able to offset the impact of lower sales with our ongoing cost-savings efforts," said CEO Denise Morrison.

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