Campbell to Report Third Quarter Fiscal 2024 Results on June 5, 2024, and Host Investor Day in New York City in mid-September 2024
Campbell Soup Company (NYSE:CPB) is set to release its third-quarter fiscal 2024 financial results on June 5, 2024. An earnings conference call will follow at 8:00 a.m. ET, with a live webcast accessible online. The press release on the results will be available before the call. Additionally, Campbell plans to host its Investor Day in mid-September 2024 in New York City, where the executive team will discuss the company's long-term strategy and financial outlook following the full-year fiscal 2024 results and fiscal 2025 guidance, which are scheduled for the end of August.
- Campbell's third-quarter fiscal 2024 financial results are set to be disclosed soon, providing investors with updated performance data.
- An earnings conference call and a live webcast will allow direct engagement with investors and analysts, enhancing transparency.
- Investor Day in mid-September 2024 will offer insights into Campbell's long-term strategy and financial outlook, fostering investor confidence.
- No specific performance metrics or preliminary results were disclosed in the announcement, leaving uncertainties about quarterly performance.
- Investors have to wait until June 5, 2024, for detailed third-quarter results, which can create short-term uncertainty.
- The emphasis on future guidance and long-term strategy discussions may indicate an attempt to shift focus from current performance.
Third-quarter earnings
A conference call is scheduled at 8:00 a.m. ET to review the results. The company’s third-quarter earnings press release will be distributed prior to the call. A live webcast will be available on investor.campbellsoupcompany.com/events-presentations/.
Following the company’s prepared remarks, the conference call will include a question-and-answer session. Participation by the press in the Q&A session is in listen-only mode. A copy of the presentation will be available prior to the webcast.
2024 Investor Day
The company plans to host its Investor Day in mid-September in
About Campbell
For more than 150 years, Campbell (NYSE: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 release contains “forward-looking statements” that reflect the company’s current expectations about the impact of its future plans and performance on the company’s business or financial results. These forward-looking statements, including any statements made regarding sales, EBIT and EPS guidance, rely on a number of assumptions and estimates that could be inaccurate, and which are subject to risks and uncertainties. The factors that could cause the company’s actual results to vary materially from those anticipated or expressed in any forward-looking statement include: the risk that the cost savings and any other synergies from the Sovos Brands, Inc. (“Sovos Brands”) transaction may not be fully realized or may take longer or cost more to be realized than expected, including that the Sovos Brands transaction may not be accretive within the expected timeframe or the extent anticipated; the risks related to the availability of, and cost inflation in, supply chain inputs, including labor, raw materials, commodities, packaging and transportation; the company’s ability to execute on and realize the expected benefits from its strategy, including growing sales in snacks and growing/maintaining its market share position in soup; the impact of strong competitive responses to the company’s efforts to leverage its brand power with product innovation, promotional programs and new advertising; the risks associated with trade and consumer acceptance of product improvements, shelving initiatives, new products and pricing and promotional strategies; the ability to realize projected cost savings and benefits from cost savings initiatives and the integration of recent acquisitions; disruptions in or inefficiencies to the company’s supply chain and/or operations, including reliance on key supplier relationships; the risks related to the effectiveness of the company's hedging activities and the company's ability to respond to volatility in commodity prices; the company’s ability to manage changes to its organizational structure and/or business processes, including selling, distribution, manufacturing and information management systems or processes; changes in consumer demand for the company’s products and favorable perception of the company’s brands; changing inventory management practices by certain of the company’s key customers; a changing customer landscape, with value and e-commerce retailers expanding their market presence, while certain of the company’s key customers maintain significance to the company’s business; product quality and safety issues, including recalls and product liabilities; the possible disruption to the independent contractor distribution models used by certain of the company’s businesses, including as a result of litigation or regulatory actions affecting their independent contractor classification; the uncertainties of litigation and regulatory actions against the company; the costs, disruption and diversion of management’s attention associated with activist investors; a disruption, failure or security breach of the company’s or the company's vendors' information technology systems, including ransomware attacks; impairment to goodwill or other intangible assets; the company’s ability to protect its intellectual property rights; increased liabilities and costs related to the company’s defined benefit pension plans; the company’s ability to attract and retain key talent; goals and initiatives related to, and the impacts of, climate change, including weather-related events; negative changes and volatility in financial and credit markets, deteriorating economic conditions and other external factors, including changes in laws and regulations; unforeseen business disruptions or other impacts due to political instability, civil disobedience, terrorism, geopolitical conflicts, extreme weather conditions, natural disasters, pandemics or other outbreaks of disease or other calamities; and other factors described in the company’s most recent Form 10-K and subsequent Securities and Exchange Commission filings. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240515400747/en/
INVESTOR CONTACT:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
MEDIA CONTACT:
James Regan
(856) 219-6409
James_Regan@campbells.com
Source: Campbell Soup Company
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