$CPB (Campbell Soup Company)

$CPB {{ '2015-11-24T12:57:14+0000' | timeago}} • Announcement

Food products maker $CPB said 1Q16 sales decreased 2% to $2,203MM compared to a year earlier due to the adverse impact of currency headwinds. Organic sales remained flat compared to the prior year as higher selling prices and reduction in promotional spending were offset by volume declines.

$CPB {{ '2017-10-09T21:48:54+0000' | timeago}} • Announcement

$CPB appointed Francisco Fraga as VP and Chief Technology and Information Officer. In this role, Fraga will oversee Global Information Technology. Fraga reports to Bethmara Kessler, SVP, Integrated Global Services.

$CPB {{ '2017-10-05T15:34:09+0000' | timeago}} • Announcement

$CPB has collaborated with $DIS and Lucasfilm to launch a new series of Star Wars themed soup labels. To celebrate the alliance, $CPB has also announced a surprise for New York Comic-Con attendees and residents to celebrate the upcoming release of Star Wars: The Last Jedi.

$CPB {{ '2017-09-27T22:18:08+0000' | timeago}} • Announcement

$CPB agreed to acquire Pacific Foods of Oregon in July. On Aug. 21, 2017, the estate of a former Pacific Foods shareholder, Edward C. Lynch, filed a lawsuit against Pacific Foods seeking more than $250MM in damages. This lawsuit creates an impediment to closing the deal. $CPB has given Pacific Foods 60 days to resolve this issue.

$CPB {{ '2017-09-27T21:28:53+0000' | timeago}} • Announcement

$CPB declared a regular quarterly dividend on its capital stock of $0.35 per share, payable Oct. 30, 2017, to shareholders of record on Oct. 13, 2017.

$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.

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