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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.
The Board of Directors of Campbell Soup Company (NYSE: CPB) has announced a regular quarterly dividend of $0.37 per share. This dividend will be paid on July 29, 2024, to shareholders who are on record by July 3, 2024.
Butterfly announced the separation of Bolthouse Farms into Bolthouse Fresh Foods and Generous Brands, accelerating value creation and growth. Bolthouse Fresh Foods focuses on fresh carrot production, selling 700 million pounds annually, while Generous Brands specializes in premium fresh beverages. The separation facilitated by separate debt recapitalizations enables each business to have purpose-built strategies and leadership teams for accelerated growth. Butterfly's strategic initiatives drove topline growth exceeding 30% and the acquisition of Evolution Fresh from Starbucks in August 2022. Industry veterans were appointed as CEOs for both entities to lead them into their distinct growth trajectories.
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