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Campbell Soup Company (CPB)

  • Sep. 8, 2014, 12:52 PM
    • Campbell Soup (CPB -2.3%) says the turnaround of sales is taking longer than it anticipated due to a challenging consumer environment.
    • Management expects a more consistent first half for its FY15.
    • Innovation in brands is on tap for next year with a goal to recharge organic sales. The Prego and Pace brands are mentioned.
    • Longer-term financial targets weren't changed by the company, even though Campbell needs a point of sales growth and two points of EBIT gains to get to the bottom of its range. CEO Denise Morrison says M&A could be an option as a mechanism to reach those targets.
    • Earnings call webcast
  • Sep. 8, 2014, 7:48 AM
    • Campbell Soup (NYSE:CPB) reports organic sales fell 2% in FQ4.
    • Acquisitions added 3% to growth while promotional spending clipped 2%.
    • Gross margin rate -210 bps to 34.1%.
    • Segment growth: U.S. Simple Meals +5% to $518M; Global Baking and Snacking +10% to $628M; International Simple Meals and Beverages +1% to $188M; U.S. Beverages +6% to $184M; Bolthouse and Foodservice +11% to $334M.
    • Guidance: Full-year EPS of $2.45-$2.60 expected vs. $2.54 consensus.
    • CPB -1.9% premarket
    | Comment!
  • Sep. 8, 2014, 7:24 AM
    • Campbell Soup (NYSE:CPB): FQ4 EPS of $0.49 in-line.
    • Revenue of $1.85B (+7.6% Y/Y) in-line.
    • Press Release
    | Comment!
  • Sep. 7, 2014, 5:30 PM
  • Aug. 15, 2014, 11:09 AM
    • Baby food seller Plum plans to pull out of the U.K. market by the end of the summer.
    • The decision follows a strategic review by parent Campbell Soup (CPB -0.6%).
    | Comment!
  • Jul. 21, 2014, 8:09 AM
    • Campbell Soup (NYSE:CPB) says it expects its 2015 performance to come in below its long-term targets for EPS growth of 4%-6% and sales growth of 3%-4%, although sales are expected to improve in its fiscal year that begins Aug. 4.
    • CPB reaffirms FY 2014 guidance, expecting growth of ~3% in net sales, which equates to ~$8.29B and in-line with analyst consensus; sees EPS growing at the low end of $2.53-$2.58 guidance vs. $2.53 consensus.
    • CPB plans to provide specific FY 2015 guidance when it reports Q4 results on Sept. 8.
    • CPB also anticipates resuming share repurchases in the new fiscal year.
    | Comment!
  • Jul. 16, 2014, 2:20 PM
    • Campbell Soup (CPB +1.2%) fits the profile of a company that Warren Buffett might be interesting in acquiring, according to writer Gene Marcial.
    • Besides the obvious Buffett filters (modest P-E ratio, dividend backstop, strong brands), Campbell Soup still has room for margin improvement in the right hands, note industry watchers.
    | 1 Comment
  • Jul. 2, 2014, 10:15 AM
    • Food companies should get ahead of the curve by creating gluten-free children's food in the U.S., says Mintel.
    • The market research firm notes a gluten-free trend in Europe which started with infant food has quickly moved into children's food.
    • Kellogg (K) is already in the game with a gluten-free version of Rice Krispies which has generating $9.2M in sales in two years.
    • Related stocks: POST, SJM, GIS, CPB, KRFT, MDLZ, PF.
  • Jun. 30, 2014, 1:04 PM
    • A measure of corn inventories came in higher than expected today sending corn futures to their sharpest drop in close to a year.
    • The USDA says inventories were 3.854B bushels on June 1 vs. 3.723B forecast and 2.766B a year ago.
    • High corn prices has been a concern in the food sector (GIS, K, POST, KO, PEP, PPC, TSN, CPB, SJM) where sellers have warned on their ability to pass on the higher costs on to consumers.
    • USDA crop report
    • Related EFTs: CORN, JJG, GRU
    | 1 Comment
  • Jun. 25, 2014, 5:09 PM
    • Campbell Soup Company (CPB) declares $0.312/share quarterly dividend, in line with previous.
    • Forward yield 2.75%
    • Payable Aug. 4; for shareholders of record July 8; ex-div July 3.
    | Comment!
  • Jun. 17, 2014, 8:48 AM
    • Campbell Soup (CPB) adds a tech heavyweight to its board of directors with the selection of Marc Lautenbach.
    • Lautenbach is a veteran of IBM and is currently the CEO at Pitney Bowes.
    | 1 Comment
  • Jun. 9, 2014, 9:53 AM
    • Annie's (BNNY +1.5%) is being teed up by analysts on Wall Street as a potential takeover candidate.
    • The company boasts a strong brand in the organic sector, while shares have peeled off 33% YTD due in part to cost pressures.
    • Campbell Soup (CPB), Nestle (NSRGY), and General Mills (GIS) all fit the profile of a food giant that could make a run at Annie's.
    | Comment!
  • May 27, 2014, 7:28 AM
    • A $6.4B offer by Pilgrim Pride's (PPC) to buy Hillshire Brands (HSH) could rattle the food sector.
    • For starters, the deal could spoil Hillshire's offer on the table to buy Pinnacle Foods (PF).
    • The quick analyst take on a PPC-HSH combination is favorable with the companies focused in different areas (chicken vs. packaged meat) which could lead to easy access to new distribution channels.
    • Premarket: HSH +22.9% to $45.49, PF -5.3% to $31.50.
    • Also on merger watch in the food sector: THS, SJM, GIS, KRFT, CPB, ADM, BGS, RAH, HAIN, K CAG
  • May 20, 2014, 8:44 AM
    • Credit Suisse takes its rating on Campbell Soup (CPB) all the way down to Underperform.
    • Campbell threw a scare into analysts and investors yesterday when it reported weak demand for soup during a quarter influenced by wintry weather. CS takes a narrow view on the chances that soup will turn into a growth category again.
    | 1 Comment
  • May 19, 2014, 9:13 AM
    | 1 Comment
  • May 19, 2014, 8:24 AM
    • Shares of Campbell Soup (CPB) are down sharply in early trading after the company sees margins crumble in FQ3 and cuts its growth outlook.
    • Soup sales were disappointing for the company despite the extended cold snap across the U.S. during the winter.
    • CPB -5.5% premarket
    | Comment!
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Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.