$CPB (Campbell Soup Company)

$CPB {{ '2016-06-15T10:08:12+0000' | timeago}} • SEC

Canned soup maker $CPB's total estimated pre-tax costs for the enterprise design initiatives are about $250-325MM, which is expected to be incurred through 2018. Company expects the costs to consist of severance pay and benefits of about $150-165MM and implementation and other related costs of about $100-160MM.

$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.

$CPB {{ '2017-05-19T11:32:03+0000' | timeago}} • Announcement

Americas Simple Meals and Beverages segment net sales fell 2% to $982MM in 3Q17 for $CPB, while the Global Biscuits and Snacks segment posted a 2% rise in net sales of $623MM. Campbell Fresh net sales slumped 6% to $248MM. Unallocated corporate expenses for the quarter were $27MM, including $7MM of charges associated with cost savings initiatives.

$CPB {{ '2017-05-19T11:27:46+0000' | timeago}} • Announcement

$CPB's net sales slipped 1% to $1.85Bil in 3Q17, as the canned soup maker posted a 5% decline in net earnings of $176MM from $185MM. Earnings fell 2% to $0.58 per diluted share, with higher supply chain costs and inflation affecting the Campbell's producer.

$CPB {{ '2017-05-17T15:18:57+0000' | timeago}} • Announcement

$CPB, in partnership with BNB Renewable Energy Holdings, $SPWR, and $IX, announced a 4.4MW solar power project at the company’s World Headquarters in New Jersey. Scheduled to come online in fall 2017, the system will provide energy to $CPB through a 20-year power purchase agreement and generate more than 5MM kilowatt hours of electricity per year.

$CPB {{ '2017-03-22T22:33:25+0000' | timeago}} • Announcement

$CPB authorized a new share repurchase program under which the company is authorized to purchase up to $1.5Bil of its outstanding shares. The program is effective as of May 1, 2017, and has no expiration date. The BoD also declared a quarterly dividend of $0.35 per share, payable May 1, 2017, to shareholders of record at April 12, 2017.

$CPB {{ '2017-03-22T16:38:43+0000' | timeago}} • Announcement

$CPB named Fabiola R. Arredondo as a director of the board, effective today. Ms. Arredondo is the managing partner of privately-held Siempre Holdings, and she currently serves as a director of Burberry Group plc and National Public Radio Inc. (NPR).

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