Campbell Soup Company (CPB) - NYSE
  • Mar. 3, 2015, 10:33 AM
    • Target (TGT -1.2%) plans to increase the focus on key grocery categories to bring in younger urban shoppers, reports the WSJ.
    • Sources say organic food, craft beer, yogurt, and coffee will all see an increase in prominence.
    • The shift could mean less shelf space for well-known brands from packaged food giants such as Kellogg (K -0.7%), Post Holdings (POST -1.7%), Campbell Soup (CPB -0.1%), and General Mills (GIS -0.5%).
    | Mar. 3, 2015, 10:33 AM | 6 Comments
  • Feb. 25, 2015, 7:27 AM
    • Campbell Soup (NYSE:CPB) reports organic sales were flat in FQ2 as improved volume and mix were offset by higher promotional spending.
    • Segment operating earnings: U.S. Simple Meals $170M, Globla Baking and Snacking $107M, International Simple Meals and Beverages $26M, U.S. BEverages $20M.
    • The company's gross margin rate fell 310 bps to 32.6%, due in part to cost inflation and the elevated promotional spending.
    • Marketing and selling expenses -10% to $242M.
    • Guidance: FY15 sales growth of -1% to +1% expected and EPS of $2.32-$2.38 vs. $2.39 consensus.
    • Previously: Campbell Soup EPS and revenue in-line
    | Feb. 25, 2015, 7:27 AM | 1 Comment
  • Feb. 25, 2015, 7:17 AM
    • Campbell Soup (NYSE:CPB): FQ2 EPS of $0.66 in-line.
    • Revenue of $2.23B (-2.2% Y/Y) in-line.
    | Feb. 25, 2015, 7:17 AM
  • Feb. 24, 2015, 5:30 PM
  • Feb. 18, 2015, 10:55 AM
    • Campbell Soup (CPB +0.7%) announced new cost-cutting initiatives during its presentation at the CAGNY conference.
    • The company thinks management reorganization and expense tightening can lead to cost savings of 2% to 3% of annual revenue.
    • Execs reiterated that divisions will be separated by products instead of geography.
    • Expanding into fast-growing space will still be a priority at Campbell.
    • Watch for a new line of premium cold pressed juices to be unveiled in a few months.
    • Campbell Soup CAGNY webcast
    | Feb. 18, 2015, 10:55 AM
  • Feb. 13, 2015, 8:40 AM
    • Bank of America weighs in on the guidance cut by Campbell Soup (NYSE:CPB).
    • Analysts weren't caught off-guard by the warning from Campbell after digesting the cadence in the sector, but see "limited upside" for shares due to the persistent headwinds.
    • BofA cuts its 2015 EPS outlook on CPB to $2.36 from $2.44 and 2016 EPS to $2.53 from $2.60.
    • Previously: Campbell Soup cuts guidance, shares -4.5% after-hours (Feb. 12 2015)
    | Feb. 13, 2015, 8:40 AM | 1 Comment
  • Feb. 12, 2015, 5:28 PM
    • Campbell Soup (NYSE:CPB) -4.5% AH after lowering guidance for its FQ2 and the full year ending in August, partly due to foreign currency translation.
    • CPB now sees FQ2 EPS of $0.65-$0.66 vs. $0.68 analyst consensus, revenues falling 2% to ~$2.24B and in line with consensus, and adjusted EBIT declining by ~17%.
    • For FY 2015, CPB lowers EPS to $2.32-$2.38 from earlier guidance of $2.42-$2.50 and below $2.45 consensus, while seeing revenues rising or falling by ~1% to $8.19B-$8.35B vs. $8.2B consensus, reflecting the negative impact of currency translation; excluding the forex impact, sales guidance is unchanged.
    • CPB had already lowered its outlook in November, pointing to currency volatility.
    | Feb. 12, 2015, 5:28 PM | 4 Comments
  • Feb. 5, 2015, 9:08 AM
    • Kraft Foods (NASDAQ:KRFT) has found a vibrant channel for its Velveeta brand in dollar stores.
    • The company was very close to pulling the plug on the product last year amid soft grocery store sales.
    • General Mills (NYSE:GIS) and Campbell Soup (NYSE:CPB) are also exploring selling more brands in dollar stores due to the potential for higher profit margins in certain categories.
    • The development could aid the dollar store group (DLTR, DG, FDO) which has lost some quick-stop grocery market share to convenience stores.
    | Feb. 5, 2015, 9:08 AM | 11 Comments
  • Jan. 29, 2015, 9:42 AM
    • Campbell Soup (CPB -0.5%) announces it will reorganize its business across lines of products instead of geographic segments.
    • The three segments will be Americas simple meals and beverages, global biscuits and snacks, and packaged fresh.
    • The company also reset its management team for each new division.
    • Though M&A speculation persists on Campbell Soup, the new business split also sets its up for a spinoff in the future.
    | Jan. 29, 2015, 9:42 AM
  • Jan. 12, 2015, 10:45 AM
    • Citigroup downgrades a number of food stocks on its view higher consumer spending in the sector may already by priced into share prices.
    • Exposure to global markets also poses a risk due to currency swings and uneven demand, say analysts.
    • The investment firm takes the rating on ConAgra (CAG -1%), Mondelez International (MDLZ -0.8%), and Kellogg (K -0.9%) to Neutral from Buy.
    • McCormick & Company (MKC -0.8%), Kraft Foods Group (KRFT), and Campbell Soup (CPB) are all moved to Sell from Neutral.
    | Jan. 12, 2015, 10:45 AM | 5 Comments
  • Jan. 7, 2015, 10:59 AM
    • Most investment firms weighing in think PepsiCo (PEP +2.3%) is too big of a target for 3G to land as they dissect the WSJ report on interest in the multinational.
    • Campbell Soup (CPB +4.3%) is trading like it's viable 3G target, while Kellogg K, and Kraft Food Group (KRFT +2.1%) have also been bandied around by retail analysts as possibilities.
    • Outside of the food sector, Bloomberg's Tara Lachappelle notes Colgate-Palmolive (CL +0.2%makes sense for 3G.
    | Jan. 7, 2015, 10:59 AM | 15 Comments
  • Jan. 7, 2015, 8:05 AM
    • Campbell Soup (NYSE:CPB) is higher in early trading after being thrown back into the M&A pot.
    • Today's speculation centers on a play from 3G in the food sector.
    • It's of note that 3G was able to quickly cut $700M in costs when it snapped up Heinz and lifted the company's profit margins by 700 bps.
    • CPB +2.3% premarket to $44.01.
    | Jan. 7, 2015, 8:05 AM
  • Jan. 7, 2015, 7:12 AM
    • Shares of Campbell Soup (NYSE:CPB) and PepsiCo (NYSE:PEP) are on watch after the WSJ reports 3G is discussing trying to acquire a major food company.
    • Sources indicate the massive size of PepsiCo deal could prompt a partial buyout or a bid in tandem with Aneuser-Busch InBev (NYSE:BUD).
    • PEP +0.8% premarket, CPB inactive.
    | Jan. 7, 2015, 7:12 AM | 8 Comments
  • Nov. 26, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: NXPI +2.6%. TEX +2.2%. CJES +2.2%. NAT +2.0%. PSLV +1.7%.
    • Top losers, as of 5:15 p.m.: VMEM -4.3%. ATW -3.2%. EJ -2.8%. CPB -2.4%. KITE -2.2%.
    | Nov. 26, 2014, 5:37 PM
  • Nov. 25, 2014, 7:24 AM
    • Campbell Soup (NYSE:CPB) reports organic sales increased 5% in FQ1.
    • The U.S. segment saw volume/mix increase 8% during the quarter. Operating income +15% to $242M.
    • Gross margin rate -120 bps to 34.7%, due in part to cost inflation.
    • Marketing and selling expenses -5% to $247M.
    • Guidance: FY15 sales growth of 0%-2% expected and EPS of $2.42-$2.50 vs. $2.47 consensus.
    | Nov. 25, 2014, 7:24 AM
  • Nov. 25, 2014, 7:17 AM
    • Campbell Soup (NYSE:CPB): FQ1 EPS of $0.74 beats by $0.02.
    • Revenue of $2.26B (+4.1% Y/Y) beats by $40M.
    | Nov. 25, 2014, 7:17 AM
Company Description
Campbell Soup Co. engaged in manufacturing and marketing of convenience food products includes soup and sauces, baked snacks and healthy beverages through its subsidiaries. It operates through five segments: U.S. Simple Meals, Global Baking and Snacking, International Simple Meals & Beverages,... More
Industry: Processed & Packaged Goods
Country: United States