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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.
Campbell Soup Company (NYSE: CPB) reported a 6% increase in fourth-quarter net sales, reaching $2.0 billion, while full-year net sales grew 1% to $8.6 billion. Adjusted EBIT for Q4 rose 5% to $269 million, but GAAP EBIT plummeted 59% to $170 million. Adjusted EPS increased 8% to $0.56, contrasting with a 66% drop in GAAP EPS to $0.32. The company anticipates 4-6% sales growth for FY2023, although pension income is expected to decline, impacting overall earnings. CEO Mark Clouse emphasized strong operational execution amidst inflationary pressures.
Campbell Soup Company (NYSE: CPB) announced it will report its fourth-quarter and full-year fiscal 2022 financial results on
Campbell Soup Company (NYSE:CPB) announced the retirement of
Campbell Soup Company reported its third-quarter fiscal 2022 results, revealing a 15% increase in EPS from continuing operations to $0.62 and a 37% rise in adjusted EPS to $0.70. Net sales grew 7% to $2.13 billion, with organic sales up 9%. The company raised its full-year net sales guidance due to strong consumer demand but maintained its adjusted EBIT and EPS guidance amid ongoing inflation challenges. Gross margin decreased to 31.2%, while adjusted EBIT increased 23% to $321 million. Cash flows from operations grew to $1.1 billion.
Campbell Soup Company (NYSE:CPB) will participate in a fireside chat at the dbAccess Global Consumer Conference on June 15, 2022, at 10:20 a.m. CEST in Paris, France. CEO Mark Clouse and CFO Mick Beekhuizen are scheduled to speak. The event will be available via a live webcast, which will also be archived for later access. Campbell Soup has a rich history of over 150 years and generated nearly $8.5 billion in fiscal 2021 net sales, offering well-known brands like Campbell’s and Goldfish.
Campbell Soup Company (NYSE: CPB) will report its third-quarter fiscal 2022 financial results on
The Board of Directors of Campbell Soup Company (NYSE:CPB) has declared a quarterly dividend of
SpaghettiOs® has partnered with artist KidSuper to create a nostalgic limited-edition lunchbox, celebrating 90s memories. Available on May 10 at 5 p.m. EST via the NTWRK app, only 120 lunchboxes will be sold at $30 each. The initiative targets Millennials, who represent over one-third of SpaghettiOs' share volume, reflecting a 20% growth over two years. This collaboration also coincides with the brand's first major redesign since 2004, reinforcing its cultural relevance and appealing to collectors.
Campbell Soup Company (NYSE:CPB) announced a new allocation of 42 Community Impact Grants totaling nearly $1 million to nonprofit organizations in its operational areas. This initiative aims to enhance food access, promote healthy living, and support local neighborhoods, bringing Campbell's fiscal 2022 grantmaking total to over $2 million. The grant process is employee-driven, empowering workers to nominate impactful organizations. Grants include $20,000 each for various initiatives across 30 locations and larger grants for national organizations.
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