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The Campbell's Company reports news on a North American packaged-food business organized around Meals & Beverages and Snacks. Its updates commonly cover performance across brands including Campbell's, Goldfish, Pepperidge Farm, Prego, Pace, Swanson, V8 and Rao's, along with quarterly results, guidance, dividend declarations and supply-chain leadership.
Company news also includes brand partnerships and product marketing, community and foundation programs, completed portfolio actions such as the Sovos Brands acquisition and La Regina investment tied to Rao's Homemade, and corporate governance or investor-relations appointments.
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.
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On August 6, 2020, Truterra and Campbell Soup Company announced year-two results from an agricultural sustainability pilot project in the Chesapeake Bay region. The project showed significant progress in conservation practices across 10,000 acres, with key findings including GHG emissions neutrality, improved Nitrogen Use Efficiency (1.14 lbs/bushel), and reduced soil erosion. The initiative aims to promote sustainable agriculture while enhancing farm profitability. Campbell has achieved its goal of enrolling 70,000 acres a year ahead of schedule, connecting sustainability with financial returns for farms.