The Campbell's Company - CPB STOCK NEWS

V8 and Grillo's Pickles have launched a new Dill Pickle Bloody Mary Mix, combining V8's tomato juice with Grillo's signature pickle brine and natural cucumber flavor. The collaboration aims to capitalize on 2024's pickle flavor trend, with the product suitable for both cocktails and mocktails.

The mix will be available on Amazon starting October 24 in six-packs for $6.29, with nationwide store distribution planned for early 2025. The launch responds to consumer demand, as nearly 75% of Americans enjoy Bloody Marys as a brunch beverage.

Campbell Soup Company (NASDAQ:CPB) and Harris Blitzer Sports & Entertainment (HBSE) have announced a multi-year marketing partnership spanning four sports franchises: the Philadelphia 76ers (NBA), Washington Commanders (NFL), New Jersey Devils (NHL), and Joe Gibbs Racing (NASCAR). The partnership also includes Prudential Center in Newark, N.J.

This collaboration will allow Campbell's to showcase its 16 leadership brands in top U.S. media markets through unique activations and offerings. The partnership is part of Campbell's new 'Kitchen 1869' initiative, aimed at driving growth through brand alliances, licensing opportunities, and enterprise-level marketing partnerships.

Specific activations across HBSE's properties will be announced throughout the year, enabling fans to connect with Campbell's brands in prominent sports and entertainment markets. The partnership was formed collaboratively between Campbell's and HBSE's Global Partnerships division.

Pacific Foods has launched the #TGISunday content series in collaboration with celebrity chef Matty Matheson to combat the 'Sunday Scaries' phenomenon. A recent survey revealed that Americans experience this pre-Monday anxiety an average of 36 times a year, starting around 3:54 p.m. on Sundays and lasting about 6 hours.

The initiative aims to transform Sunday anxiety into culinary joy by offering easy, comforting recipes on Pacific Foods' website. Matheson and other food experts will share curated recipes designed to embrace the calming power of cooking. The series will feature Matheson's Spicy Shrimp Pasta Bake recipe and encourage viewers to share their own meal-hacking tips using Pacific Foods products.

Fans can also enter to win a custom illustrated soup mug designed by Pacific and Matheson. The campaign seeks to inspire more creativity in cooking routines and showcase new ways to use Pacific products.

Campbell Soup Company (NASDAQ:CPB) has announced its regular quarterly dividend. The Board of Directors has declared a dividend of $0.37 per share on Campbell's capital stock. This dividend will be payable on October 28, 2024, to shareholders who are on record at the close of business on October 3, 2024. This announcement demonstrates Campbell's commitment to providing consistent returns to its shareholders through dividend payments.

Campbell Soup Company (NASDAQ:CPB) held an Investor Day outlining its next phase of growth. Key highlights include:

• A new long-term growth algorithm targeting 2-3% organic net sales growth, 4-6% adjusted EBIT growth, and 7-9% adjusted EPS growth
• Plans to change the company name to The Campbell's Company, subject to shareholder approval
• A new mission to 'Set the Standard' in the food industry
• Focus on 16 leadership brands representing 84% of enterprise sales
• A $250 million enterprise cost savings program through fiscal 2028
• Transformation of the Meals & Beverages division, including the Sovos Brands acquisition
• Continued growth and margin expansion in the Snacks division

The company aims to deliver predictable and sustainable top-tier results in the food industry.

Campbell Soup Company (NASDAQ:CPB) is set to host its Fiscal 2025 Investor Day on Tuesday, Sept. 10, 2024, from 9:00 a.m. to 2:00 p.m. ET at Nasdaq MarketSite in New York City. Key executives, including CEO Mark Clouse and CFO Carrie Anderson, will present the company's transformation progress and outline plans for accelerated growth. The event will be accessible both in-person and virtually, with a live Q&A session following management's presentations. Interested parties can register for in-person attendance or join the webcast, where they can submit questions in real-time. Presentation slides and a full replay will be available post-event on the company's investor relations website.

Campbell's® Chunky® has launched the third annual Chunky Sacks Hunger™ initiative, partnering with NFL teams and Feeding America® to combat hunger nationwide. For every sack made during the 2024-25 NFL regular season, Chunky will donate 1,000 meals to Feeding America, up to 2 million meals. New York Giants Defensive Lineman Dexter Lawrence leads as the national spokesperson, joined by players from nine other NFL teams.

The program expands from a regional to a league-wide initiative, with fans able to track progress via a national sack counter. Chunky has also partnered with Homage for a charity t-shirt, with 20% of net sales supporting Feeding America. Since its 2021 inception, Chunky Sacks Hunger has provided over 5 million meals to address food insecurity in the U.S.

Campbell Soup Company (NASDAQ:CPB) reported its Q4 and full-year fiscal 2024 results, showing mixed performance. Q4 net sales increased 11% to $2.3 billion, driven by the Sovos Brands acquisition, while organic net sales decreased 1%. Q4 adjusted EPS rose 26% to $0.63. For the full year, net sales increased 3% to $9.6 billion, with organic net sales down 1%. Full-year adjusted EPS grew 3% to $3.08.

The company provided fiscal 2025 guidance, projecting net sales growth of 9-11% and organic net sales growth of 0-2%. Adjusted EBIT is expected to grow 9-11%, while adjusted EPS is forecast to increase 1-4% to $3.12-$3.22. The guidance includes the impact of the recent Pop Secret divestiture and reflects ongoing consumer recovery challenges.

Campbell Soup Company (NASDAQ:CPB) reported its fourth-quarter and full-year fiscal 2024 results, with notable highlights:

- Q4 net sales increased 11% to $2.3 billion, driven by the Sovos Brands acquisition

- Full-year net sales increased 3% to $9.6 billion

- Q4 adjusted EPS increased 26% to $0.63

- Full-year adjusted EPS increased 3% to $3.08

The company also provided fiscal 2025 guidance:

- Net sales growth of 9% to 11%

- Organic net sales growth of 0% to 2%

- Adjusted EBIT growth of 9% to 11%

- Adjusted EPS growth of 1% to 4% ($3.12 to $3.22)

Campbell's CEO Mark Clouse highlighted the company's solid performance, strategic progress, and confidence in future growth prospects.