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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.
On September 9, 2021, Campbell's Chunky launched its 'Lunchtime Is Your Halftime' campaign for the NFL season, featuring Head Coach Sean McVay of the Los Angeles Rams. This marks the first appearance of a coach in a Chunky ad. The campaign aims to connect with younger consumers, emphasizing lunchtime as a critical refueling moment. The marketing strategy includes various platforms like TV and social media, promoting popular products including the new Spicy Chicken Noodle flavor. Mark Tumelty noted the campaign's focus on the evolving needs of modern consumers.
Campbell Soup Company (NYSE:CPB) announced that CEO Mark Clouse and CFO Mick Beekhuizen will participate in a fireside chat at the 2021 Barclays Global Consumer Staples Conference. The chat will be webcast live on September 9, 2021, at 11:20 a.m. ET. Interested parties can listen to the event online and a replay will be available for 30 days. With over 150 years of history, Campbell generated nearly $8.5 billion in net sales for fiscal 2021, featuring brands such as Campbell’s, Goldfish, and V8.
Campbell Soup Company (NYSE:CPB) reported a Q4 2021 net sales decline of 11% to $1.87 billion, driven by a 4% drop in organic sales, reflecting a post-pandemic demand adjustment. Adjusted EPS fell 13% to $0.55. For the full year, net sales decreased 2% to $8.48 billion, with adjusted EPS increasing 1% to $2.98. The company plans an Investor Day on December 14, 2021, amid ongoing inflation challenges. A new $500 million share repurchase program has been initiated.
Campbell Soup Company (NYSE: CPB) will report its fourth-quarter and full-year fiscal 2021 financial results on Sept. 1, 2021. CEO Mark Clouse and CFO Mick Beekhuizen will host a conference call at 8:00 a.m. ET to discuss these results. The earnings press release will be available before the call, and a Q&A session will follow. The call can be accessed via dial-in numbers provided in the announcement. A replay will be available after the event. Campbell, celebrating over 150 years, generated net sales exceeding $8.6 billion in fiscal 2020.
Cambell Soup Company (NYSE:CPB) reported a net sales decline of 11% to $1.98 billion for Q3 fiscal 2021 compared to the previous year, with organic sales down 12%. EBIT remained steady at $272 million, but adjusted EBIT dropped 27% to $283 million. Diluted EPS decreased 2% to $0.54, with adjusted EPS down 31% to $0.57. The company anticipates continued margin pressures and has provided updated fiscal 2021 guidance, expecting net sales to decline by 3.5% to 3.0%.
Campbell Soup Company (NYSE:CPB) will report its third-quarter fiscal 2021 financial results on June 9, 2021. President Mark Clouse and CFO Mick Beekhuizen will lead an investor conference call at 8:00 a.m. ET to discuss these results. Interested parties can access the live webcast at investor.campbellsoupcompany.com/events-presentations/. A transcript and replay will be available after the event, enhancing transparency and investor engagement.
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share. This dividend is payable on August 2, 2021, to shareholders who are recorded by the close of business on July 14, 2021. Campbell Soup Company, founded in 1869, is known for its commitment to providing authentic and affordable food products while also acting as a responsible steward of the planet's resources. It is a member of the S&P 500 and FTSE4Good Index.
Sun-Maid Growers of California announced its acquisition of Plum Organics, a premium organic baby food and snacks brand, from Campbell Soup Company (NYSE:CPB). Though the transaction terms remain undisclosed, Sun-Maid aims to enhance its product offerings for families by integrating Plum’s certified organic and non-GMO range into its portfolio. This acquisition is seen as a strategic move to bolster growth in the healthy snacking market, aligning with Sun-Maid's commitment to provide nutritious options for children. The deal is anticipated to close in Spring 2021.
Campbell Soup Company (NYSE:CPB) reported Q2 fiscal 2021 results, revealing a 5% increase in net sales to $2.28 billion, driven by growth in Meals & Beverages and Snacks. Adjusted EPS rose 17% to $0.84. EBIT increased 15% to $401 million, aided by higher sales volumes despite COVID-19 challenges. The company achieved $20 million in cost savings, totaling $760 million year-to-date. Full-year guidance indicates a slight decline in sales but an expected EPS increase of 3-5%. CEO Mark Clouse confirmed strong brand performance, with nearly 75% of brands growing or holding market share.
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