The Campbell's Company - CPB STOCK NEWS

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.

The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of $0.37 per share, payable on May 3, 2021 to shareholders of record by the close of business on April 8, 2021.

Campbell, a member of the S&P 500 and FTSE4Good Index, emphasizes its commitment to providing affordable and flavorful food options while being a steward of natural resources.

Campbell Soup Company (NYSE:CPB) will announce its second-quarter fiscal 2021 results on March 10, 2021. CEO Mark Clouse and CFO Mick Beekhuizen will host a conference call at 8:00 a.m. ET to review these results. The earnings press release will be distributed before the call, which will include a Q&A session for investors. The webcast can be accessed at www.investor.campbellsoupcompany.com.

Campbell Soup Company (NYSE:CPB) has elected Grant H. Hill to its Board of Directors, expanding the board from 12 to 13 members. Hill, a former NBA player and co-owner of the Atlanta Hawks, brings extensive experience in brand building and investment. He has over $200 million in commercial real estate investments and co-founded a $100 million private investment fund. His addition is expected to enhance the board's expertise in culture transformation and inclusive team leadership.

Campbell Soup Company (NYSE:CPB) reported strong fiscal 2021 first-quarter results, with net sales reaching $2.34 billion, a 7% increase from the previous year. Organic sales grew 8%, driven by the Meals & Beverages and Snacks divisions. EBIT surged 45% to $461 million, while diluted earnings per share rose 82% to $1.02. The Board approved a 6% increase in the quarterly dividend, reflecting robust earnings and cash flow. Guidance for Q2 expects a 5% to 7% increase in net sales and a projected adjusted EPS of $0.81 to $0.83.

Campbell's Soup launched its Save the Snow Day initiative, aiming to preserve the tradition of snow days amidst the rise of virtual learning. With many school districts canceling snow days, Campbell's encourages support for this cherished practice. The campaign includes a pledge on SavetheSnowDay.com, offering free snow day activity kits to the first 3,000 signers. The kits include snowman-making supplies and Campbell's Chicken Noodle Soup. Additionally, a film titled Long Live Snow Days highlights the importance of these joyful days.

Campbell Soup Company (NYSE: CPB) will report its first-quarter fiscal 2021 financial results on December 9, 2020. President and CEO Mark Clouse, along with CFO Mick Beekhuizen, will host an investor conference call at 8:30 a.m. EST to discuss these results. Participants can join via webcast at the company's investor page. A transcript will be available within 24 hours post-call, and a replay of the call can be accessed from 11:30 a.m. EST on December 9 through 11:59 p.m. EST December 23, 2020.

Campbell Soup Company has reported that this Thanksgiving, most Americans plan smaller gatherings, with only 6% intending to fly. A survey revealed that 65% will host at home, and 22% are first-time hosts. The company introduced 'Dinner Insurance' in partnership with Instacart, offering Manhattan residents support for side dish mishaps, including same-day gourmet replacements. With 80% of consumers using online grocery services, this initiative aims to alleviate holiday cooking stress. Notable dishes include Green Bean Casserole and Mashed Potatoes.