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Founded in 1869, Campbell Soup Company (NYSE: CPB) is a leading food manufacturer in North America, famous for its iconic red-and-white labeled canned soup. Headquartered in Camden, New Jersey, Campbell has grown its portfolio over the years to include a wide range of products and brands, such as Pepperidge Farm, Goldfish, Snyder's of Hanover, Swanson, Pacific Foods, Prego, Pace, V8, and most recently, Rao's, which was acquired in March 2024.
Campbell's fiscal 2023 revenue distribution highlights its diversified business model: snacks contributed to 50% of total revenue, soup 29%, other simple meals 13%, and beverages 8%. The majority of Campbell's sales, nearly 90%, come from the United States, with the remainder from Canada and Latin America.
In recent news, Campbell Soup Company has partnered with McCain Foods USA and the Soil Health Institute (SHI) in a project funded by the USDA's Regional Conservation Partnership Program (RCPP). This initiative aims to improve soil health and promote climate-smart agricultural practices on over 6,000 acres of potato farms in Wisconsin and Maine. McCain and Campbell's involvement highlights their commitment to sustainable farming practices and environmental stewardship.
Campbell Soup Company generated fiscal 2023 net sales of $9.4 billion and continues to be a trusted name for delicious and affordable food and beverages. The company prides itself on a long-standing tradition of giving back to the community and acting as a responsible environmental steward. Campbell is a member of the Standard & Poor's 500 and is included in the FTSE4Good and Bloomberg Gender-Equality Indices.
Campbell Soup Company (NYSE:CPB) reported a 4% decrease in net sales to $2.24 billion for Q1 fiscal 2022, with organic net sales also down 4%. EBIT fell 18% to $376 million, while adjusted EBIT decreased 15% to $389 million. Diluted EPS from continuing operations was $0.86, down from $1.02, with adjusted EPS at $0.89, a 12% decline. The company reaffirms its fiscal 2022 guidance, accounting for commodity hedge adjustments. Investor Day will be virtually held on December 14, 2021, focusing on operational strategies amid ongoing inflation and supply chain issues.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of
In fiscal 2021, Campbell generated net sales of nearly
Campbell Soup Company (NYSE: CPB) will report its first-quarter fiscal 2022 financial results on
Campbell Soup Company (NYSE:CPB) will host an Investor Day on
Campbell Soup Company (NYSE:CPB) appoints
Campbell Soup Company (NYSE:CPB) announced the appointment of Diane Johnson May as Executive Vice President and Chief Human Resources Officer, effective Nov. 1, 2021. Johnson May brings over 35 years of food industry experience, previously serving at ManpowerGroup and Kraft Foods. She will lead Campbell's HR functions, focusing on talent management, organizational effectiveness, and diversity initiatives. This leadership change follows the departure of Xavier Boza, who left for another opportunity.
Campbell Soup Company (NYSE: CPB) has launched the Full Futures program in Camden City School District, committing $5 million over five years to enhance school nutrition. The initiative aims to reach around 2,000 students in three pilot schools through nutrition education, school gardens, and menu expansions. Additional enhancements will impact 5,000 more students via district-wide changes. The program focuses on building a nutrition mindset, improving food service infrastructure, providing nutrition education, and implementing culturally inclusive menus, with support from various partners.
Campbell's has partnered with Universal Music Group (UMG) to enhance home cooking by integrating music into meal preparation. A survey revealed that 73% of home cooks listen to music while cooking. Specially marked cans will feature QR codes leading to exclusive recipes and curated playlists. Weekly song releases from artists like Julia Michaels will accompany recipes. This initiative aligns with Campbell's efforts to modernize its brand and respond to increased consumer demand for easy meals. A music contest will launch on Nov. 15, offering a $20,000 prize for a cooking-inspired anthem.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of
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