Articles from Campbell Soup Company

Campbell Soup Company (NASDAQCPB) (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.

Campbell Soup Company (NASDAQCPB) (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 Soup Company (NASDAQCPB) (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.

Harris Blitzer Sports & Entertainment (HBSE) and Campbell Soup Company (NASDAQCPB) (Campbell’s) today announced a unique marketing partnership spanning four storied sports franchises across several of the world’s biggest leagues.

The Board of Directors of Campbell Soup Company (NASDAQCPB) 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.

Campbell Soup Company (NASDAQCPB) today held an Investor Day at the Nasdaq MarketSite in New York City where Campbell’s management team reviewed progress against the company’s transformation and outlined plans for the next era of accelerated growth.

Campbell Soup Company (NASDAQCPB) executives will present at the company’s Investor Day tomorrow, Tuesday, Sept. 10, 2024 from 9:00 a.m. ET to approximately 2:00 p.m. ET, as previously announced. The meeting will be held at Nasdaq MarketSite in New York City.

Campbell Soup Company (NASDAQCPB) - Earlier today, Campbell issued its fourth quarter earnings press release. The purpose of this press release is to correct one error under the heading Full-Year Fiscal 2025 Guidance. The earnings release stated: The benefit of the 53rd week is included in the fiscal 2025 guidance below and is estimated to be worth approximately 2 points of growth to both reported and organic net sales and adjusted EBIT, along with $0.06 of adjusted EPS. The corrected statement is: The benefit of the 53rd week is included in the fiscal 2025 guidance below and is estimated to be worth approximately 2 points of growth to reported net sales and adjusted EBIT, along with $0.06 of adjusted EPS.

Campbell Soup Company (NASDAQCPB) today announced the completed sale of the Pop Secret popcorn business to Our Home, an independent better-for-you snack company. Terms of the transaction were not disclosed.

Campbell Soup Company (NYSECPB) today announced that it will report its fourth-quarter and full-year fiscal 2024 financial results on August 29, 2024.

Campbell Soup Company (NYSECPB) today announced that it will transfer its stock exchange listing from the New York Stock Exchange (NYSE) to the Nasdaq Global Select Market (Nasdaq) on Aug.16, 2024 at the market close. The company will continue to trade under the "CPB" ticker symbol with trading on Nasdaq expected to begin on Aug.19, 2024. The transfer to Nasdaq will provide Campbell with Nasdaq index inclusion opportunities and certain cost savings.

Campbell Soup Company (NYSECPB) today announced the appointment of Jill Pratt as Senior Vice President, Chief Marketing Officer of its Meals & Beverages division, effective July 29, 2024.

Campbell Soup Company (NYSECPB) today reported results for its third-quarter fiscal 2024 ended April 28, 2024. Unless otherwise stated, all comparisons are to the same period of fiscal 2023. Third quarter and year-to-date financial results include a partial quarter of contribution of the Sovos Brands acquisition.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference on Thursday, June 13, 2024 at 3:30 p.m. EDT.

Campbell Soup Company (NYSECPB) today announced plans as part of an ongoing effort to invest in and transform its supply chain to fuel business growth, improve return on invested capital, and enhance the overall effectiveness and efficiency of its manufacturing and distribution network.

Campbell Soup Company (NYSECPB) 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.

The Board of Directors of Campbell Soup Company (NYSECPB) 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.

Campbell Soup Company (NYSECPB) and The Campbell’s Foundation today announced $880,000 in Community Impact Grants to 44 nonprofit organizations positively impacting communities where Campbell operates. The grants provide support to organizations that nurture Campbell neighborhoods, increase food access and encourage healthy living. These latest grants bring Campbell’s fiscal 2024 grantmaking total to more than $2.4 million. This year’s grantees include organizations in 30 Campbell communities from 16 states, Puerto Rico and Canada.

Campbell Soup Company (NYSECPB) 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.

Campbell Soup Company (NYSECPB) today reported results for its second-quarter fiscal 2024 ended January 28, 2024.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2024 Consumer and Retail Conference on March 12, 2024, at 9:40 a.m. EST.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable April 29, 2024, to shareholders of record at the close of business as of April 4, 2024.

Campbell Soup Company (NYSECPB) today announced that it will report its second-quarter fiscal 2024 financial results on March 6, 2024.

Campbell Soup Company (NYSECPB) today announced the appointment of Anthony Kyles as Chief Customer Officer, Meals & Beverages, effective March 4, 2024.

Campbell Soup Company (NYSECPB) and Sovos Brands, Inc. NASDAQ: SOVONASDAQSOVO)

Campbell Soup Company (NYSECPB) today reported results for its first-quarter fiscal 2024 ended October 29, 2023.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Jan. 29, 2024, to shareholders of record at the close of business as of Jan. 4, 2024.

Campbell Soup Company (NYSECPB) today announced that it will report its first-quarter fiscal 2024 financial results on December 6, 2023.

Campbell Soup Company (NYSECPB) 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.

Campbell Soup Company (NYSECPB) today announced it has received a request for additional information from the Federal Trade Commission (FTC) as part of the agency’s review of Campbell’s proposed acquisition of Sovos Brands, Inc. (Nasdaq: SOVO). A second request for information is a common feature of the regulatory review for transactions of this type under the Hart-Scott-Rodino Antitrust Improvement Act.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Oct. 30, 2023, to shareholders of record at the close of business as of Oct. 5, 2023.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat at the TD Cowen Sipping & Snacking Summit on Monday, September 18, 2023 at 12:30 p.m. ET.

Campbell Soup Company (NYSECPB) today reported results for its fourth-quarter and full-year fiscal 2023 ended July 30, 2023.

Campbell Soup Company (NYSECPB) today announced that it will report its fourth-quarter fiscal 2023 financial results on August 31, 2023.

Campbell Soup Company (NYSECPB) and Sovos Brands, Inc. (Nasdaq: SOVO) today announced that the companies have entered into an agreement for Campbell to acquire Sovos Brands, Inc. for $23 per share in cash, representing a total enterprise value of approximately $2.7 billion. This represents a 14.6x adjusted EBITDA multiple1 including expected annual run rate synergies of approximately $50 million. The strategic transaction adds a high-growth, market-leading premium portfolio of brands to diversify and enhance Campbell’s Meals & Beverages division, providing a substantial runway for sustained profitable growth.

Campbell Soup Company (NYSECPB) today announced it is investing approximately $160 million in its Richmond, Utah, manufacturing facility to expand production of Goldfish crackers to help meet increased consumer demand. The new line will increase the bakery’s output of Goldfish by 50 percent and produce over 5 million Goldfish per hour or 1,500 Goldfish every second. The expansion also includes the construction of an onsite flour mill that will be separately owned and operated.

Campbell Soup Company (NYSECPB) today reported results for its third-quarter fiscal 2023 ended April 30, 2023.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a virtual fireside chat at the 3rd Annual Evercore ISI Consumer and Retail Conference on Wednesday, June 14, 2023 at 4:15 p.m. EST.

Campbell Soup Company (NYSECPB) today announced the sale of the Emerald nuts business to Flagstone Foods, one of the largest manufacturers and distributors of private label healthy snacks in North America. Terms of the transaction were not disclosed.

Campbell Soup Company (NYSECPB) today announced that it will report its third-quarter fiscal 2023 financial results on June 7, 2023.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable July 31, 2023, to shareholders of record at the close of business as of July 6, 2023.

Former Campbell Soup Company President and Chief Executive Officer Dale F. Morrison passed away at the age of 74 on April 8, 2023, in Naples, Fla.

Campbell Soup Company (NYSECPB) and the Campbell Soup Foundation today announced $800,000 in Community Impact Grants to 40 nonprofit organizations positively impacting communities where Campbell operates. The grants provide support to organizations that increase food access, encourage healthy living and nurture Campbell neighborhoods. The latest round brings Campbell’s fiscal 2023 grantmaking total to more than $2.2 million.

Campbell Soup Company (NYSECPB) today reported results for its second-quarter fiscal 2023 ended January 29, 2023.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2023 Consumer and Retail Conference on Tuesday, March 14, 2023 at 1:00 p.m. EST.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable May 1, 2023, to shareholders of record at the close of business as of April 6, 2023.

Campbell Soup Company (NYSECPB) today announced that it will report its second-quarter fiscal 2023 financial results on March 8, 2023.

Campbell Soup Company (NYSECPB) today was named to the 2023 Bloomberg Gender-Equality Index (GEI), which tracks the performance of public companies committed to transparency in gender-data reporting. The GEI measures gender equality across five pillars: female leadership and talent pipeline, equal pay and gender pay parity, inclusive culture, anti-sexual harassment policies and pro-women brand.

Campbell Soup Company (NYSECPB) today announced the appointment of Carrie L. Anderson as Executive Vice President and Chief Financial Officer, effective Feb. 6.

Campbell Soup Company (NYSECPB) today announced plans to consolidate its Snacks offices in Charlotte, N.C. and Norwalk, Conn. into its headquarters in Camden. Over the next three years, the company plans to invest approximately $50 million to enhance its Camden facilities to drive greater creativity, collaboration and career development, as well as to accommodate more than 1,600 employees that will now be located on its renovated campus.

Campbell Soup Company (NYSECPB) today reported results for its first-quarter fiscal 2023.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Jan. 30, 2023, to shareholders of record at the close of business as of Jan. 5, 2023.

Campbell Soup Company (NYSECPB) today announced that it will report its first-quarter fiscal 2023 financial results on Dec. 7, 2022.

Campbell Soup Company (NYSECPB) and Enel North America today announced a 12-year virtual renewable power purchase agreement, supporting Campbell’s goals to reduce greenhouse gas emissions. Through the agreement Campbell will purchase the electricity and the associated renewable energy credits from a 115 megawatt share of Enel’s Seven Cowboy wind project in Oklahoma. The contract is expected to commence in July 2023.

Campbell Soup Company (NYSECPB) 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.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Oct. 31, 2022 to shareholders of record at the close of business as of Oct. 6, 2022.

Campbell Soup Company (NYSECPB) today reported results for its fourth-quarter and full-year fiscal 2022.

Campbell Soup Company (NYSECPB) today announced that it will report its fourth-quarter and full-year fiscal 2022 financial results on Sept. 1, 2022.

Campbell Soup Company (NYSECPB) announced today that Bennett Dorrance has decided to retire from the company’s Board of Directors.

Campbell Soup Company (NYSECPB) today reported results for its third-quarter fiscal 2022.

Campbell Soup Company (NYSECPB) today announced that Mark Clouse, President and Chief Executive Officer, and Mick Beekhuizen, Chief Financial Officer, will participate in a fireside chat at the dbAccess Global Consumer Conference on Wednesday, June 15, 2022 at 10:20 a.m. CEST / 4:20 a.m. EDT at The Westin Paris Vendome in Paris, France.

Campbell Soup Company (NYSECPB) today announced that it will report its third-quarter fiscal 2022 financial results on June 8, 2022.

The Board of Directors of Campbell Soup Company (NYSECPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.37 per share. The quarterly dividend is payable Aug. 1, 2022 to shareholders of record at the close of business July 7, 2022.

Campbell Soup Company (NYSECPB) and the Campbell Soup Foundation today announced a new round of 42 Community Impact Grants totaling nearly $1 million to organizations making an impact in the communities where Campbell has operations. The grants provide support to nonprofit organizations operating in Campbell communities whose work aligns with one or more of the focus areas of the Foundation: increasing food access, encouraging healthy living and nurturing Campbell neighborhoods. The latest round brings Campbell’s fiscal 2022 grantmaking total to more than $2 million.

Campbell Soup Company (NYSECPB) today announced new science-based targets to reduce greenhouse gas emissions as part of its overall environmental, social and governance (ESG) strategy outlined in its 2022 Corporate Responsibility Report.

Campbell Soup Company (NYSECPB) today announced it was named to Newsweek’s inaugural list of America’s Most Trusted Companies, ranking No. 1 in the Food & Beverage industry.

Campbell Soup Company (NYSECPB) 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.

Campbell Soup Company (NYSECPB) today announced that it will report its second-quarter fiscal 2022 financial results on March 9, 2022.

Campbell Soup Company (NYSECPB) today was named to the 2022 Bloomberg Gender-Equality Index (GEI), which tracks the performance of public companies committed to transparency in gender-data reporting. This year’s index includes 418 companies headquartered across 45 countries and regions. The GEI measures gender equality across five pillars: female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies and pro-women brand.

Campbell Soup Company (NYSECPB) today was named as one of the 100 Most Sustainable Corporations in the World by Corporate Knights, a media and research company that produces rankings and financial product ratings based on corporate sustainability performance. Ranked number 89, Campbell is one of 23 U.S. companies, and one of only two U.S. food companies, included in the Global 100.

Campbell Soup Company (NYSECPB) was named one of America’s Most JUST Companies by JUST Capital and CNBC, its media partner. This marks the fourth year that Campbell has been recognized for its commitment to serving its stakeholders, including employees, customers, consumers, communities, the environment and shareholders. Campbell ranked #77 overall and performed particularly well in the areas of community development and transparent consumer communications—earning top marks on both metrics.

Campbell Soup Company (NYSECPB) today announced the appointment of Daniel L. Poland as Executive Vice President and Chief Supply Chain Officer, effective Jan. 10, 2022. Poland succeeds Bob Furbee who informed the company of his intent to retire after 38 years of service. Furbee will remain with Campbell until April 2022 and work with Poland to ensure a smooth transition.

Campbell Soup Company (NYSECPB) today held an Investor Day where members of the Campbell management team reviewed the company’s advantaged position in large and growing consumer categories and presented the next phase of its strategy to unlock its full growth potential.

Campbell Soup Company (NYSECPB) executives will present at the company’s Investor Day tomorrow, Tuesday, Dec. 14, 2021 from 9:00 a.m. ET to approximately 12:00 p.m. ET, as previously announced. The meeting will be held virtually.

Campbell Soup Company (NYSECPB) today reported results for its first-quarter fiscal 2022.