Yesterday, 9:58 AM
- Campbell Soup (CPB +2.9%) raised annual EPS guidance to $2.75-$2.83 from $2.53-$2.58 prior. The mark tops the consensus estimate of analysts.
- The improved outlook is based off of some strong pricing trends and a reduced level of promotions. It also comes amid a broad shift by the company to healthier products.
- During Q3, Campbell reported organic sales held steady.
- Shares of CPB hit a 52-week high of $52.48 before falling back a bit.
- Previously: Campbell Soup beats by $0.19, misses on revenue (Nov. 24 2015)
Yesterday, 7:20 AM
Mon, Nov. 23, 5:30 PM
Sun, Nov. 22, 5:38 AM
- Tyson Foods (NYSE:TSN) and Post Holdings (NYSE:POST) report results Monday, followed Tuesday by Campbell Soup (NYSE:CPB) and Hormel Foods (NYSE:HRL).
- Investors will be watching how major food producers adapt to more health-conscious consumers and to millennial spending patterns that gear more toward protein and hormone/antibiotic-free products.
- Tyson Foods (+9% YTD), likely the provider of many a turkey this week, said in April it plans to end the use of human antibiotics in its chicken by 2017, while Hormel (+31% YTD) announced in May the acquisition of organic meat processor Applegate Farms.
Thu, Nov. 19, 9:06 AM
Thu, Nov. 12, 5:38 PM
- Campbell Soup (NYSE:CPB) is recalling 355,000 cans of SpaghettiOs, citing a "potential choking hazard" in a small number of cans.
- The hazard comes from pieces of red plastic that comes from parts of the can lining peeling off.
- The company says it received consumer complaints to trigger the issue, and has identified date codes on the recalled cans. The recall is limited to the U.S.
Fri, Oct. 23, 9:58 AM
- M&A talk in the food sector could set off a chain reaction, according to analysts.
- Kellogg's (K +0.2%) interest in Diamond Foods (DMND +6.6%) and a play by Treehouse Foods (THS +3.1%) for Ralcorp are in advanced stages, but other companies which could be drawn into talks include Boulder Brands (BDBD +0.5%), Amplify Snack Brands (BETR +1.7%), Mondelez International (MDLZ -0.1%), Campbell Soup (CPB +0.1%) and Hain Celestial Group (HAIN +0.4%).
- Private-label brands in particular may look appetizing to larger food companies.
- Previously: Reuters: TreeHouse in talks to buy Ralcorp from ConAgra (Oct. 22 2015)
- Previously: NY Post: Kellogg close to Diamond Foods buyout (Oct. 23 2015)
- Related ETF: PBJ
Tue, Sep. 29, 4:47 PM
- Campbell Soup (NYSE:CPB) has a new chairman of the board, as it's elected Les Vinney to succeed Paul Charron effective Nov. 1.
- Vinney, a former CEO of STERIS, has been on the board since 2003. He also previously was CFO at Goodrich.
- Charron joined the Campbell Soup board in 2003 as well, and has been chairman for six years.
Mon, Sep. 28, 5:29 PM
Fri, Sep. 25, 2:04 PM
- Packaged food stocks are ahead of broad market averages for the day. There are some consistent themes playing out in the sector which have increased interest in select names. Topping the list are M&A potential, activist investor action, and good old-fashioned fundamental valuation.
- Gainers: Treehouse Foods (NYSE:THS) +3.1%, B&G Foods (NYSE:BGS) +2.9%, ConAgra Foods (NYSE:CAG) +2.7%, Kellogg (NYSE:K) +2.6%, General Mills (NYSE:GIS) +2.3%, Campbell Soup (NYSE:CPB) +2.3%, J.M. Smucker (NYSE:SJM) +1.6%.
Wed, Sep. 16, 11:01 AM
- A statement from Anheuser-Busch InBev (BUD +5%) indicates the company must make a formal offer for SABMiller (OTCPK:SBMRY +19.5%) before October 14 or take a pass on the mega-merger to stay in compliance with U.K. law.
- There's a ripple effect with beer stocks circling the globe that includes distributors such as Compania Cervecerias Unidas (CCU +3.1%), Fomento Economico Mexicano (FMX +1.8%), AmBev (ABEV +2.1%).
- Another intriguing aspect of a potential A-B takeover of SABMiller is the side effects on the food industry if 3G Capital is fully engaged on the deal. 3G is a major player in food mergers and a factor in how investors value companies such as Mondelez International (MDLZ +0.2%), PepsiCo (PEP +0.4%), TreeHouse Foods (THS +0.1%), Campbell Soup (CPB +1.9%), JM Smucker (SJM +1.1%), and other food names.
- A-B InBev statement (.pdf)
- Previously: AB InBev prepping offer for SABMiller
- Previously: Beer stock rally with M&A on tap
Wed, Sep. 9, 1:35 PM
Tue, Sep. 8, 11:55 AM
- Angie's Artisan Treats plans to invest over a million dollars in a new manufacturing and distribution facility in Nevada in a bid to launch Boomchickapop as one of the nation's fastest-growing popcorn brands.
- Angie's Artisan Treats was reported last year to be a target of Campbell Soup (CPB +1.5%).
- Popcorn sales in the U.S. have been revitalized by the emergence of a number of specialty sellers including Skinny Pop maker Amplify Brands (BETR +2.7%).
- Previously: Strong growth for ready-to-eat popcorn (Jan. 28 2015)
Thu, Sep. 3, 7:42 AM
- Revenue by segments: U.S. simple meals: $505M (-3%); Global baking and snacking: $553M (-12%); International simple meals and beverages: $142M (-24%); U.S. beverages: $165M (-10%); Bolthouse and foodservice: $328M (-2%).
- Total volume and mix fell 1% for the quarter.
- Adjusted gross margin rate grew 180 bps to 36.1% due to productivity improvements, higher selling prices and lower promotional spending.
- FY2016 Guidance: Net sales: 0 to +1%; Adjusted EBIT: +3% to +5%; Adjusted EPS: $2.53 to $2.58.
Thu, Sep. 3, 7:16 AM
Wed, Sep. 2, 5:30 PM
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