Welcome to our dedicated page for The Campbell's Company news (Ticker: CPB), a resource for investors and traders seeking the latest updates and insights on The Campbell's Company stock.
The Campbell Soup Company (CPB) news hub provides investors and industry professionals with essential updates from this iconic food producer. Track official announcements spanning financial results, product innovations, and strategic initiatives in the packaged foods sector.
This comprehensive resource aggregates press releases covering earnings reports, acquisition activity, and leadership updates, alongside developments in sustainability programs and manufacturing operations. Users gain insight into CPB's snack division growth, soup portfolio evolution, and responses to shifting consumer preferences.
All content undergoes verification against primary sources including SEC filings and corporate communications. Bookmark this page for streamlined monitoring of CPB's market position within the competitive landscape of food producers like General Mills and Kraft Heinz.
Campbell Soup Company (NYSE:CPB) announced the retirement of
Campbell Soup Company (NYSE:CPB) reported a 3% decline in net sales to $2.21 billion for Q2 FY2022, with adjusted EPS dropping 16% to $0.69 amid supply constraints and inflation. Year-over-year demand remains strong with a 1% increase in consumption. The company expects improved financial performance in the second half of FY2022 due to recent pricing actions and enhanced labor conditions. Full-year guidance for 2022 remains unchanged, anticipating steady demand and recovery in supply levels, although core inflation is projected to be in low double-digits.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of
Campbell Soup Company (NYSE: CPB) will report its second-quarter fiscal 2022 financial results on
Campbell Soup Company (NYSE:CPB) has been recognized as one of the 100 Most Sustainable Corporations in the World by Corporate Knights, ranking 89th overall. This accolade highlights Campbell's commitment to sustainability, with strong performance in areas such as clean revenue and employee safety. The company generated nearly $8.5 billion in net sales in fiscal 2021 and continues to emphasize transparency and corporate responsibility, being included in multiple sustainability indices.
Campbell's has partnered with CAMP to launch two limited-edition scented candles: Tomato Soup & Grilled Cheese and Chicken Noodle Soup. The candles are designed to evoke winter joy and come with a 'Winter Warmup Guide' featuring family activities. Available at select CAMP stores and online for $24 each, 10% of proceeds will benefit Feeding America. The initiative aims to create memorable family experiences during winter, with aromas reminiscent of Campbell's iconic soups. CMO Linda Lee emphasized the importance of family moments in their marketing strategy.
Campbell Soup Company (NYSE:CPB) announces the retirement of Bob Furbee after 38 years, effective April 2022. Daniel L. Poland is appointed as Executive Vice President and Chief Supply Chain Officer, starting January 10, 2022. Poland has extensive experience in the consumer packaged goods industry, previously serving as COO of KIND Snacks and in senior roles at Pinnacle Foods and WhiteWave Foods. The leadership transition aims to ensure continuity in Campbell's supply chain amid challenges.
Instacart, North America's leading online grocery platform, has partnered with Campbell Soup Company to celebrate and reward Instacart shoppers during the holiday season. Beginning December 17, 2021, shoppers completing 10 or more deliveries can enter the Souper Shopper Sweepstakes for a chance to win prizes totaling $50,000. This initiative recognizes the vital role of shoppers in delivering groceries and essentials, particularly during the busy holiday season. Over 200 shoppers will have the opportunity to win cash prizes of $200 or $500.
Campbell Soup Company (NYSE:CPB) held an Investor Day detailing its strategic plans for growth. The company introduced a new long-term growth algorithm aiming for ~2% organic net sales growth, with adjusted EBIT growth of 4-6% and adjusted EPS growth of 6-8% through fiscal 2025. Key highlights include expanding the cost savings program to $1 billion, a focus on innovation in Snacks and Meals & Beverages, and a shift in capital allocation towards strategic acquisitions. This approach aims to enhance shareholder value and maintain a strong balance sheet.
