Campbell Soup Company, together with its subsidiaries, engages in the manufacture and market food and beverage products. It operates through Meals & Beverages and Snacks segments. The Meals & Beverages segment engages in the retail and foodservice businesses in the United States and Canada. This segment provides Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups, and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell's gravies, pasta, beans, and dinner sauces; Swanson canned poultry; Plum baby food and snacks; V8 juices and beverages; V8 juices and beverages; and Campbell's tomato juice. The Snacks segment retails Pepperidge Farm cookies, crackers, fresh bakery, and frozen products in the United States; Milano cookies and Goldfish crackers; and Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July snacks, Snack Factory Pretzel Crisps, Pop Secret popcorn, Emerald nuts, and other snacking products in the United States and Canada. This segment is also involved in the retail business in Latin America. The company sells its products through retail food chains, mass discounters and merchandisers, club stores, convenience stores, drug stores, and dollar stores, as well as e-commerce and other retail, commercial, and non-commercial establishments; and independent contractor distributors. Campbell Soup Company was founded in 1869 and is headquartered in Camden, New Jersey.
IPO Year:
Exchange: NYSE
Website: campbellsoupcompany.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
11/14/2024 | $47.00 → $56.00 | Neutral → Overweight | Piper Sandler |
10/7/2024 | $55.00 → $58.00 | Mkt Perform → Outperform | Bernstein |
9/27/2024 | $51.00 | Buy → Neutral | DA Davidson |
9/20/2024 | $59.00 | Hold → Buy | Argus |
6/26/2024 | $45.00 → $52.00 | Neutral → Overweight | JP Morgan |
5/15/2024 | $42.00 → $46.00 | Underperform → Mkt Perform | Bernstein |
3/13/2024 | $49.00 | In-line | Evercore ISI |
3/1/2024 | $48.00 | Buy | DA Davidson |
2/1/2024 | $41.00 | Sell | Citigroup |
12/12/2023 | $47.00 | Equal Weight | Wells Fargo |
Piper Sandler upgraded Campbell Soup from Neutral to Overweight and set a new price target of $56.00 from $47.00 previously
Bernstein upgraded Campbell Soup from Mkt Perform to Outperform and set a new price target of $58.00 from $55.00 previously
DA Davidson downgraded Campbell Soup from Buy to Neutral and set a new price target of $51.00
Argus upgraded Campbell Soup from Hold to Buy and set a new price target of $59.00
JP Morgan upgraded Campbell Soup from Neutral to Overweight and set a new price target of $52.00 from $45.00 previously
Bernstein upgraded Campbell Soup from Underperform to Mkt Perform and set a new price target of $46.00 from $42.00 previously
Evercore ISI resumed coverage of Campbell Soup with a rating of In-line and set a new price target of $49.00
DA Davidson initiated coverage of Campbell Soup with a rating of Buy and set a new price target of $48.00
Citigroup initiated coverage of Campbell Soup with a rating of Sell and set a new price target of $41.00
Wells Fargo initiated coverage of Campbell Soup with a rating of Equal Weight and set a new price target of $47.00
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Board of Directors Elects Mick Beekhuizen President and Chief Executive Officer; Mark Clouse Announces Plans to Retire Net Sales increased 10% to $2.8 billion and decreased 1% on an organic basis. Earnings Before Interest and Taxes (EBIT) were $367 million. Adjusted EBIT increased 6% to $432 million including the impact of the Sovos Brands, Inc. (Sovos Brands) acquisition. Earnings Per Share (EPS) were $0.72. Adjusted EPS decreased 2% to $0.89. Increases quarterly dividend by 5% to $0.39 per share. Reaffirms full-year fiscal 2025 guidance. The Campbell's Company (NASDAQ:CPB) today reported results for its first-quarter fiscal 2025 ended October 27, 2024. CEO Comments Mar
Clouse Announces Plans to Retire to Join the NFL's Washington Commanders as President The Campbell's Company (NASDAQ:CPB) (Campbell's) announced today that its Board of Directors has elected Mick Beekhuizen to succeed Mark Clouse as President and CEO. Beekhuizen has also been elected a Director of the company, both effective Feb. 1, 2025. Until then, Beekhuizen will continue in his role as President, Meals & Beverages. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203572681/en/Mick Beekhuizen (Photo: Business Wire) Campbell's Chair of the Board of Directors Keith McLoughlin said, "The Board has had a strong CEO succession
The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that it will report its first-quarter fiscal 2025 financial results on December 4, 2024 for the period ended October 27, 2024. Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's first-quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor r
The Board of Directors of Campbell Soup Company (NASDAQ:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable Oct. 28, 2024, to shareholders of record at the close of business as of Oct. 3, 2024. About Campbell For more than 150 years, Campbell (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2024 net sales of $9.6 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Mil
For the fourth quarter: Net Sales increased 11% to $2.3 billion and decreased 1% on an organic basis. Earnings Before Interest and Taxes (EBIT) decreased to $77 million. Adjusted EBIT increased 36% to $329 million including the impact of the Sovos Brands, Inc. (Sovos Brands) acquisition. Earnings Per Share (EPS) decreased to $(0.01). Adjusted EPS increased 26% to $0.63. For the full year: Net Sales increased 3% to $9.6 billion and decreased 1% on an organic basis. EBIT decreased to $1 billion. Adjusted EBIT increased 6% to $1.5 billion including the impact of the Sovos Brands acquisition. EPS decreased to $1.89. Adjusted EPS increased 3% to $3.08. Returned $512 milli
Campbell Soup Company (NYSE:CPB) today announced that it will report its fourth-quarter and full-year fiscal 2024 financial results on August 29, 2024. Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's fourth-quarter and full-year fiscal 2024 earnings press release will be distributed prior to the call. All interested parties are invited to listen to and view the webcast at 8:00 a.m. ET at this link. Following the company's remarks, the conference call will include a question-and-answer session with the inves
Completed the acquisition of Sovos Brands, Inc. (Sovos Brands) on March 12, 2024. Net Sales were $2.4 billion, increasing 6%, and were comparable to prior year on an organic basis. On a two-year-compound annual growth rate (CAGR), net sales increased 5% and organic net sales increased 2%. Earnings Before Interest and Taxes (EBIT) were $248 million; Adjusted EBIT was $354 million, an increase of 13% including the impact of the acquisition. Earnings Per Share (EPS) were $0.44; Adjusted EPS were $0.75, increasing 10%. Updates full-year fiscal 2024 guidance to include Sovos Brands. Campbell Soup Company (NYSE:CPB) today reported results for its third-quarter fiscal 2024 ended Ap
Campbell Soup Company (NYSE:CPB) today announced that it will report its third-quarter fiscal 2024 financial results on June 5, 2024, and will hold its Investor Day in mid-September 2024. Third-quarter earnings A conference call is scheduled at 8:00 a.m. ET to review the results. The company's third-quarter earnings press release will be distributed prior to the call. A live webcast will be available on investor.campbellsoupcompany.com/events-presentations/. Following the company's prepared remarks, the conference call will include a question-and-answer session. Participation by the press in the Q&A session is in listen-only mode. A copy of the presentation will be available prior to
The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable July 29, 2024, to shareholders of record at the close of business as of July 3, 2024. About Campbell For more than 150 years, Campbell (NYSE:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food and beverages. Headquartered in Camden, N.J. since 1869, the company generated fiscal 2023 net sales of $9.4 billion. Our portfolio includes iconic brands such as Campbell's, Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Mila
Strengthens and diversifies Campbell's Meals & Beverages portfolio with additional high-growth brands including premium market-leading Rao's sauce, along with Michael Angelo's and noosa Risa Cretella from Sovos Brands to lead new Distinctive Brands unit within Meals & Beverages division Significant long-term shareholder value creation expected through meaningful sales and earnings growth contribution Campbell Soup Company (NYSE:CPB) today announced it has completed the acquisition of Sovos Brands, Inc. ("Sovos Brands") for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. "This important milestone in Campbell's his
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2023-2024 Impact Report highlights program's success in fostering healthier school communities The Full Futures partnership is celebrating three years of positive impact on school nutrition. Launched in 2021 by The Campbell's Company (Campbell's) and public, private and nonprofit partners including lead partner Alliance for a Healthier Generation, Full Futures is an initiative to foster a school nutrition environment that ensures all students are well-nourished and ready to thrive at school and in life. The program started with the Camden City School District in Camden, N.J. and has grown to three sites with the addition of Charlotte, N.C. and Hanover, P.A. "The progress of Full Futures
The Collaboration Reinvents a Classic by Bringing Together Spritz Society's Award-Winning Taste with V8's Classic Tomato Flavor NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Spritz Society, the award-winning sparkling cocktail brand, has partnered with V8®, the original plant-powered drink, to develop a first-of-its-kind Bloody Mary Spritz. Combining Spritz Society's passion for high-quality, convenient cocktails and V8's tradition of bold, vegetable-packed flavors, the result is a fresh and unique take on the traditional Bloody Mary. SPRITZ SOCIETY AND V8® PARTNER TO LAUNCH A FIRS
SALISBURY, N.C. and CAMDEN, N.J., Dec. 10, 2024 (GLOBE NEWSWIRE) -- Building on its commitment to understanding and reducing emissions across the value chain, leading grocery retail group Ahold Delhaize USA has announced another Scope 3 pilot program – this time focused on the potato crop. Over the next three years, the company will work with The Campbell's Company (Campbell's) to reduce Scope 3 greenhouse gas (GHG) emissions associated with potato farming. This collaboration will support partner farms to implement regenerative farming techniques to create more resilient agricultural systems and reduce carbon emissions through soil health practices and other opportunities. Leveraging fina
Board of Directors Elects Mick Beekhuizen President and Chief Executive Officer; Mark Clouse Announces Plans to Retire Net Sales increased 10% to $2.8 billion and decreased 1% on an organic basis. Earnings Before Interest and Taxes (EBIT) were $367 million. Adjusted EBIT increased 6% to $432 million including the impact of the Sovos Brands, Inc. (Sovos Brands) acquisition. Earnings Per Share (EPS) were $0.72. Adjusted EPS decreased 2% to $0.89. Increases quarterly dividend by 5% to $0.39 per share. Reaffirms full-year fiscal 2025 guidance. The Campbell's Company (NASDAQ:CPB) today reported results for its first-quarter fiscal 2025 ended October 27, 2024. CEO Comments Mar
Clouse Announces Plans to Retire to Join the NFL's Washington Commanders as President The Campbell's Company (NASDAQ:CPB) (Campbell's) announced today that its Board of Directors has elected Mick Beekhuizen to succeed Mark Clouse as President and CEO. Beekhuizen has also been elected a Director of the company, both effective Feb. 1, 2025. Until then, Beekhuizen will continue in his role as President, Meals & Beverages. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241203572681/en/Mick Beekhuizen (Photo: Business Wire) Campbell's Chair of the Board of Directors Keith McLoughlin said, "The Board has had a strong CEO succession
The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that it will report its first-quarter fiscal 2025 financial results on December 4, 2024 for the period ended October 27, 2024. Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's first-quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor r
New name reflects transformed portfolio and honors company's 155-year history Today, shareholders approved the change of the company's official name from Campbell Soup Company to The Campbell's Company (NASDAQ:CPB) (Campbell's). The change reflects the company's broad portfolio of leadership brands, from Campbell's soup to Goldfish crackers and Rao's pasta sauce. The new name will be effective following the filing of an amendment to the company's certificate of incorporation with the state of New Jersey. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241118626807/en/ "This subtle yet important change allows us to retain the ic
Cassandra Green named Senior Vice President and Head of Supply Chain Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114358374/en/Daniel L. Poland, Executive Vice President and Chief Enterprise Transformation Officer (Photo: Business Wire) Poland will lead a new Enterpri
Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced an agreement to sell the noosa yoghurt business to Lakeview Farms, LLC, a manufacturer of fresh dips, desserts and specialty products. Terms of the transaction were not disclosed. Campbell's purchased noosa as part of the Sovos Brands, Inc. acquisition in March 2024. At that time, Campbell's shared its intention to evaluate strategic alternatives for the brand, as the yogurt category is not core to Campbell's strategy. The noosa business generated net sales of $177 million for the last 12 months ending October 2024. Campbell's does not expect the divestiture to have a material impact to its fiscal 2025 financial results. Th
Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced that it was awarded $3.4 million in funding through the U.S. Department of Agriculture (USDA)'s Regional Conservation Partnership Program (RCPP) to support California processing tomatoes. Under the project, Campbell's will partner with the Natural Resources Conservation Service (NRCS), American Farmland Trust and several Resource Conservation Districts to increase the adoption of sustainable agriculture systems and practices by tomato growers in California. The project's goal is to reduce agricultural greenhouse gas emissions, while building soil health, supporting water stewardship, and strengthening the profitability and res
The Collaboration Reinvents a Classic by Bringing Together Spritz Society's Award-Winning Taste with V8's Classic Tomato Flavor NEW YORK, Dec. 12, 2024 /PRNewswire/ -- Spritz Society, the award-winning sparkling cocktail brand, has partnered with V8®, the original plant-powered drink, to develop a first-of-its-kind Bloody Mary Spritz. Combining Spritz Society's passion for high-quality, convenient cocktails and V8's tradition of bold, vegetable-packed flavors, the result is a fresh and unique take on the traditional Bloody Mary. SPRITZ SOCIETY AND V8® PARTNER TO LAUNCH A FIRS
Cassandra Green named Senior Vice President and Head of Supply Chain Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced the appointment of Daniel L. Poland to the newly created role of Executive Vice President and Chief Enterprise Transformation Officer, effective immediately. Poland will continue to report to President and Chief Executive Officer Mark Clouse and remain a member of Campbell's Operating Committee. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241114358374/en/Daniel L. Poland, Executive Vice President and Chief Enterprise Transformation Officer (Photo: Business Wire) Poland will lead a new Enterpri
Celebrity chef and organic soup and broth brand aim to reclaim the end of the weekend with #TGISunday series PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ -- Pacific Foods, a brand known for its organic and high-quality ingredients, has launched its #TGISunday content series to help people overcome the widespread phenomenon known as the "Sunday Scaries." Developed in partnership with chef and television star Matty Matheson, the series is designed to transform Sunday anxiety into a time for culinary joy and inspiration. A recent survey by Pacific Foods* revealed the deep impact o
Campbell Soup Company (NYSE:CPB) today announced the appointment of Jill Pratt as Senior Vice President, Chief Marketing Officer of its Meals & Beverages division, effective July 29, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240729989306/en/(Photo: Business Wire) Pratt will lead the U.S. Consumer Experience team for Campbell's Meals & Beverages division, partnering with the Category and Sales teams to attract new consumers and strengthen customer partnerships. She will be responsible for driving profitable growth, relevance and the continued modernization of an iconic portfolio of brands, including Campbell's, Chunky,
Robert Long to retire after 45 distinguished years in CPG DALLAS, July 16, 2024 /PRNewswire/ -- Kimberly-Clark (NYSE:KMB) today announced that Craig Slavtcheff has been appointed Chief Research and Development Officer, effective July 29. Slavtcheff will succeed Robert Long, who is retiring from the company after 45 years in the CPG industry, including the last three years at Kimberly-Clark. Slavtcheff is a seasoned executive with more than 30 years of R&D experience in the CPG industry. He most recently served as Executive Vice President, Chief R&D and Innovation Officer of Campbell Soup Company (NYSE:CPB), where he led the R&D function, including strategy, product development, and corporat
Campbell Soup Company (NYSE:CPB) today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240220029505/en/Anthony Kyles (Photo: Business Wire) Kyles will lead the U.S. retail sales team for Campbell's soups, meals, sauces and beverages, driving growth across the Meals & Beverages division with the company's retail customers. He will be responsible for profitably growing an iconic portfolio of brands, including Campbell's, Chunky, Pacific Foods, V8, Prego, Pace, Swanson and SpaghettiOs. He will join the Campbell Leadershi
Brawley Succeeds Adam Ciongoli Campbell Soup Company (NYSE:CPB) today announced the appointment of Charles A. Brawley, III as Executive Vice President, General Counsel and Corporate Secretary, effective Nov. 30, 2023. He succeeds Adam Ciongoli who has accepted a role at another company. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231108849445/en/Charles A. Brawley, III (Photo: Business Wire) Brawley joined the company in 2016 and most recently served as Senior Vice President, Corporate Secretary and Deputy General Counsel, overseeing Campbell's legal functions of corporate governance, securities law, and commercial contract
Campbell Soup Company (NYSE:CPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230125005725/en/Carrie Anderson (Photo: Business Wire) Anderson will lead Campbell's finance function, including controllership, corporate financial planning and analysis, corporate strategy and development, tax, treasury, internal audit, investor relations, transactional services and financial systems. She will report to Campbell's President and Chief Executive Officer Mark Clouse and become a member of the company's Operat
Beekhuizen to Lead Meals & Beverages; Foley to Lead Snacks Campbell Soup Company (NYSE:CPB) today announced key management changes to support the company's continued growth and accelerate progress against its multi-year strategic plan. Mick Beekhuizen has been appointed President – Meals & Beverages. He will continue to serve as Chief Financial Officer until a successor to this role is named. Chris Foley, currently President – Meals & Beverages, will become President – Snacks. These changes are effective immediately. Both will continue to report to Campbell President and Chief Executive Officer Mark Clouse. This press release features multimedia. View the full release here: https://www.bus
Kim Fortunato to retire after more than a decade with the company Campbell Soup Company (NYSE:CPB) today announced the appointment of Kate Barrett as Director, Community Affairs, effective May 6, 2022. Barrett will succeed Kim Fortunato who last year informed the company of her intent to retire. Fortunato will remain with Campbell until May 6, 2022 to ensure a smooth transition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220317005824/en/Campbell Appoints Kate Barrett to Lead Community Affairs (Photo: Business Wire) Barrett, who joined Campbell in 2017, will be responsible for setting the strategy and direction of Campbell's