Campbell Sells Pop Secret Business to Our Home
Campbell Soup Company (NASDAQ:CPB) has sold its Pop Secret popcorn business to Our Home, an independent better-for-you snack company. The financial terms were not disclosed. Pop Secret generated net sales of approximately $120 million in fiscal 2024. This transaction is expected to dilute Campbell's fiscal 2025 earnings per share by about $0.04, due to a transition service agreement and cost actions.
Chris Foley, Executive Vice President and President of Campbell's Snacks, stated that this sale is part of their strategy to focus the Snacks portfolio, aiming to drive greater focus and accelerated growth across the Snacks division and portfolio of leading brands. BofA Securities acted as the exclusive financial advisor, while Blank Rome served as legal advisor to Campbell's for this transaction.
La Campbell Soup Company (NASDAQ:CPB) ha venduto la sua attività di popcorn Pop Secret a Our Home, un'azienda indipendente di snack salutari. I termini finanziari non sono stati divulgati. Pop Secret ha generato vendite nette di circa 120 milioni di dollari nell'anno fiscale 2024. Si prevede che questa transazione diluirà l'utile per azione della Campbell per l'anno fiscale 2025 di circa 0,04 dollari, a causa di un accordo di servizi di transizione e azioni di riduzione dei costi.
Chris Foley, Vice Presidente Esecutivo e Presidente della divisione Snacks di Campbell, ha dichiarato che questa vendita fa parte della loro strategia per focalizzare il portafoglio Snacks, mirata a incentivare una maggiore attenzione e una crescita accelerata nella divisione Snacks e nel portafoglio di marchi leader. BofA Securities ha agito come consulente finanziario esclusivo, mentre Blank Rome ha fornito consulenza legale a Campbell per questa transazione.
La Campbell Soup Company (NASDAQ: CPB) ha vendido su negocio de palomitas Pop Secret a Our Home, una empresa independiente de snacks más saludables. Los términos financieros no fueron revelados. Pop Secret generó ventas netas de aproximadamente 120 millones de dólares en el año fiscal 2024. Se espera que esta transacción diluirá las ganancias por acción de Campbell para el año fiscal 2025 en aproximadamente 0,04 dólares, debido a un acuerdo de servicios de transición y acciones de reducción de costos.
Chris Foley, Vicepresidente Ejecutivo y Presidente de Snacks de Campbell, afirmó que esta venta es parte de su estrategia para enfocar la cartera de Snacks, con el objetivo de impulsar una mayor concentración y un crecimiento acelerado en la división de Snacks y en el portafolio de marcas líderes. BofA Securities actuó como asesor financiero exclusivo, mientras que Blank Rome sirvió como asesor legal para Campbell en esta transacción.
캠벨 수프 컴퍼니(NASDAQ:CPB)는 팝 시크릿 팝콘 사업부를 매각했습니다. 매수자는 보다 건강한 스낵 회사인 Our Home입니다. 재무 조건은 공개되지 않았습니다. 팝 시크릿은 2024 회계연도에 약 1억 2천만 달러의 순매출을 올렸습니다. 이 거래로 인해 2025 회계연도 캠벨의 주당순이익이 약 0.04 달러 감소할 것으로 예상됩니다, 이는 전환 서비스 계약과 비용 조정 때문이다.
캠벨 스낵의 이사 겸 사장인 크리스 폴리는 이번 매각이 스낵 포트폴리오에 집중하기 위한 전략의 일환이라며, 스낵 부문과 주요 브랜드 포트폴리오 전반에 걸쳐 집중력과 빠른 성장을 도모할 계획이라고 밝혔습니다. BofA 증권은 독점 재무 자문사로 활동했으며, Blank Rome은 이번 거래에 대해 캠벨의 법률 자문을 담당했습니다.
La société Campbell Soup Company (NASDAQ : CPB) a vendu son activité de popcorn Pop Secret à Our Home, une entreprise indépendante de snacks plus sains. Les termes financiers n'ont pas été divulgués. Pop Secret a généré environ 120 millions de dollars de ventes nettes au cours de l'exercice 2024. Cette transaction devrait diluer le bénéfice par action de Campbell pour l'exercice 2025 d'environ 0,04 dollar, en raison d'un accord de services de transition et de mesures de réduction des coûts.
Chris Foley, vice-président exécutif et président de Campbell's Snacks, a déclaré que cette vente fait partie de leur stratégie visant à recentrer le portefeuille de snacks, dans le but d'augmenter la concentration et d'accélérer la croissance à travers la division Snacks et le portefeuille de marques leaders. BofA Securities a agi en tant que conseiller financier exclusif, tandis que Blank Rome a été conseiller juridique pour Campbell dans le cadre de cette transaction.
Die Campbell Soup Company (NASDAQ:CPB) hat ihr Pop Secret-Popcorn-Geschäft verkauft an Our Home, ein unabhängiges Unternehmen für gesündere Snacks. Die finanziellen Konditionen wurden nicht disclosed. Pop Secret erzielte netto Umsätze von etwa 120 Millionen Dollar im Geschäftsjahr 2024. Es wird erwartet, dass diese Transaktion den Gewinn pro Aktie von Campbell im Geschäftsjahr 2025 um etwa 0,04 Dollar verwässern wird, aufgrund einer Übergangsvereinbarung und Kostensenkungsmaßnahmen.
Chris Foley, Executive Vice President und Präsident von Campbell's Snacks, erklärte, dass dieser Verkauf Teil ihrer Strategie sei, das Snack-Portfolio zu konzentrieren, um eine stärkere Fokussierung und beschleunigtes Wachstum in der Snack-Division und dem Portfolio führender Marken zu erreichen. BofA Securities fungierte als exklusiver Finanzberater, während Blank Rome als rechtlicher Berater für Campbell bei dieser Transaktion tätig war.
- Strategic focus on core Snacks portfolio
- Potential for accelerated growth in remaining Snacks division
- Loss of $120 million in annual net sales from Pop Secret business
- Dilution of fiscal 2025 earnings per share by $0.04
Insights
The sale of Pop Secret, generating
Investors should note that while there's a short-term earnings impact, the potential for accelerated growth in the remaining snack portfolio could offset this in the medium to long term. The undisclosed transaction terms and the relatively small impact on EPS suggest this isn't a major financial event for Campbell's, but rather a strategic realignment. Keep an eye on future quarters to assess the effectiveness of this portfolio optimization strategy.
Campbell's decision to divest Pop Secret reflects broader industry trends towards healthier snacking options. By selling to Our Home, an independent better-for-you snack company, Campbell's is acknowledging the shifting consumer preferences. This move allows Campbell's to reallocate resources to brands more aligned with current market demands.
The transaction's impact on market share and competitive positioning will be important to monitor. While Campbell's may lose some presence in the microwave popcorn segment, the potential for enhanced focus on core brands could strengthen its overall market position. Investors should watch for signs of improved performance in Campbell's remaining snack portfolio, as this will be key to justifying the strategic rationale behind this divestiture.
The Pop Secret business generated net sales of approximately
Chris Foley, Executive Vice President and President, Campbell’s Snacks said, "This marks another step in our journey to strategically focus our Snacks portfolio. The sale of Pop Secret will drive greater focus and accelerated growth across our Snacks division and portfolio of leading brands.”
BofA Securities acted as exclusive financial advisor and Blank Rome served as legal advisor to Campbell’s on the transaction.
About Campbell
For more than 150 years, Campbell (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in
Forward Looking Statements
This press release includes certain forward-looking statements within the meaning of
View source version on businesswire.com: https://www.businesswire.com/news/home/20240826123733/en/
Investors:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
Media:
James Regan
(856) 219-6409
James_Regan@campbells.com
Source: Campbell Soup Company
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