Wed, Jul. 20, 2:01 PM
- Campbell Soup (CPB -2.7%) turns lower as the company gets into the meaty part of its Investor Day presentation.
- Full-year guidance is for sales growth of -2% to -1% vs. -1% to 0% prior. Adjusted EPS is expected to rise 11% to 13% to a range of $2.93 to $3.00 vs. $2.98 consensus.
- The company is passing on issuing FY17 guidance until September 1.
- Campbell Soup Investor Day webcast
Wed, Jul. 20, 10:11 AM| Wed, Jul. 20, 10:11 AM | 2 Comments
Fri, May 20, 8:14 AM
- Campbell Soup (NYSE:CPB) reports comparable organic sales fell 2% in FQ3, driven by lower volume and higher promotional spending.
- Acquisition contributed 1 percentage point of growth to the sales in the quarter.
- Total volume and mix dropped 2% for the period.
- Revenue by segments: Americas simple meals and beverages: $999M (-3%); Global biscuits and snacks: $608M (-2%); Campbell fresh: $263M (+6%).
- Adjusted gross margin rate improved 40 bps to 37% driven by productivity improvements and higher selling prices.
- Adjusted EBIT decreased 5% to $312M.
- FY2016 Guidance: Net sales: -1 to 0%; Adjusted EBIT: +11% to +13%; Adjusted EPS: $2.93 to $3 (+11% to +13%).
- CPB -2.84% premarket.
Thu, Feb. 25, 10:28 AM
- Campbell Soup (CPB +1.6%) reports comparable organic sales Y/Y with gains in Global biscuits and snacks in FQ2.
- Acquisition contributed 1 percentage point of growth to the sales in the quarter.
- Total volume and mix declined 2% for the period.
- Revenue by segments: Americas simple meals and beverages: $1.237B (-3%); Global biscuits and snacks: $682M (-3%); Campbell fresh: $282M (+10%).
- Adjusted gross margin rate improved 400 bps to 37.3% driven by productivity improvements, higher selling prices, lower promotional spending and improved supply chain performance.
- FY2016 Guidance: Net sales: -1 to 0%; Adjusted EBIT: +10% to +13%; Adjusted EPS: $2.88 to $2.96 (+9% to +12%).
Wed, Feb. 17, 8:32 AM
- Campbell Soup (NYSE:CPB) raises its outlook on FY16 EPS to 9% to 12% growth, compared to prior guidance for a 4% to 7% lift.
- The company sees sale growth of -1% to flat for the year as F/X chops off a full two percentage points.
- On a preliminary basis, Campbell reports Q2 sales of $2.20B and EPS of $0.87 vs. $0.74 consensus.
- Campbell Soup execs will present later today at the CAGNY Conference in New York (webcast).
- CPB +2.17% premarket to $60.73.
Nov. 24, 2015, 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)
Oct. 23, 2015, 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
Sep. 25, 2015, 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%.
Sep. 16, 2015, 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
Sep. 3, 2015, 7:42 AM
- Campbell Soup (NYSE:CPB) reports organic sales rose 1% in FQ4.
- 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.
Jul. 22, 2015, 3:56 PM
- Campbell Soup (CPB +1.8%) trades higher after investors focused on the company's lift in EPS guidance over the reduced forecast for organic revenue growth.
- At its Investor Day meeting today, the food concern said it will increase its focus on categories with growth potential including health and packaged fresh.
- Increased disclosures on how food is made and ingredients picked will be made available on the whatsinmyfood.com website.
- Campbell Soup plans to remove artificial colors and flavors from most of its North American products by the end of FY18.
- Earnings call webcast
- Previously: Campbell Soup raises profit guidance at investor meeting (July 22)
Jul. 22, 2015, 8:25 AM
- Campbell Soup (NYSE:CPB) issues a strategic update ahead of an investor meeting.
- The company highlighted the advantages of changing reporting segments by product type to Americas Simple Meals and Beverages, Global Biscuits and Snacks, and Campbell Fresh.
- New cost reduction initiatives are seen generating $75M in savings this fiscal year. The annual savings target is lifted to $250M from $200M.
- Favorable gross margin performance has led to a boost in profit guidance. Campbell sees 2015 EPS of $2.43-$2.48 vs. $2.32-$2.38 prior and $2.38 consensus.
- CPB +1.65% premarket to $48.25.
Jun. 30, 2015, 11:54 AM
- Campbell Soup (NYSE:CPB) is up 2.53% on a large volume spike.
- There is unconfirmed speculation the company hired a strategic adviser.
- It's been an active day for the food sector with ConAgra's announcement it would exit the private label business creating a stir.
- Previously: TreeHouse Foods and Post seen as possible ConAgra private label buyers (June 30)
Mar. 26, 2015, 12:37 PM
- Deutsche Bank thinks 3G Capital will be back in the food sector for a major acquisition faster than some other investment firms anticipate.
- 3G put itself in a stronger position to make a major purchase by not adding debt in the Kraft deal.
- Analyst Eric Katzman sees some food names trading with a premium as the 3G shadow hangs over the sector, while others have downside risk with M&A speculation not making as much sense.
- Premium on: ConAgra (NYSE:CAG), General Mills (NYSE:GIS), Mondelez International (NASDAQ:MDLZ), Pinnacle Foods (NYSE:PF), PepsiCo (NYSE:PEP).
- Premium off: Campbell Soup (NYSE:CPB), Hershey (NYSE:HSY), Hormel (NYSE:HRL), Kellogg (NYSE:K), J.M. Smucker (NYSE:SJM).
- Previously: Investors snapping up food stocks (Mar. 25 2015)
- Previously: Beer fallout from Kraft buyout (Mar. 25 2015)
- Previously: Kraft-Heinz merger has a few ETFs on the move (Mar. 25 2015)
Mar. 25, 2015, 7:07 AM
- Food stocks could see a lift today after a high-profile merger between Kraft and Heinz was announced.
- The sector has been identified by analysts as a likely hotbed for consolidation.
- Early premarket gainers include Mondelez International (NASDAQ:MDLZ) +2.1%, General Mills (NYSE:GIS) +1.0%, and Campbell Soup (NYSE:CPB) +0.4%.
- Previously: Kraft, Heinz announce merger
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.
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
Sector: Consumer Goods
Industry: Processed & Packaged Goods
Country: United States
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