Nov. 5, 2013, 2:48 PM
Nov. 4, 2013, 9:42 AM
- Kellogg's (K +2.6%) weak quarter doesn't paint a pretty picture for consumer staples companies highly-exposed to West markets, warn analysts.
- The company saw volume down in key categories such as cereal with higher prices not quite offsetting the drop.
- Despite the sluggish trend, Kellogg and its peer group are mainly trading higher after a large round of job cuts from Kellogg which should improve profitability.
- On watch: General Mills (GIS +0.4%), Campbell Soup (CPB +0.4%), ConAgra Foods (CAG -0.1%), Post Holdings (POST -0.5%).
- Related ETFs: XLP, VDC, FXG, RHS, PSL, PSCC, FSTA
Sep. 25, 2013, 4:47 PM
Sep. 23, 2013, 10:05 AM
- Campbell Soup (CPB -0.1%) might be getting the better end of its deal to partner with Green Mountain Coffee Roasters (GMCR -3.3%), according to food analysts.
- Though single-serve soup packs for Keurig machines aren't seen as a difference-maker for Green Mountain, Campbell Soup could see a jolt of buzz for a category that is struggling.
Sep. 19, 2013, 8:21 AM
- Heinz (HNZ) has cut hundreds of jobs and axed 11 senior executives since being bought out by Berkshire Hathaway and 3G Capital.
- Part of the pressure on the company post-takeover is scrapping together the cash to pay out Berkshire's 9% dividend on preferred shares.
- Analysts think the developments at Heinz are of interest to Campbell Soup (CPB) and Mondelez International (MDLZ) where the same tight cost discipline might become a priority.
Sep. 13, 2013, 7:44 AM| Sep. 13, 2013, 7:44 AM | Comment!
Sep. 4, 2013, 1:43 PM
Aug. 30, 2013, 1:48 PM
- "We expect a slowdown in FY14 due to higher comps, less support from truly innovative new products and less likelihood of a weather related tailwind during the soup season," Jefferies' Thilo Wrede says, cutting Q1 and FY14 EPS estimates for Campbell Soup (CPB -0.6%) to $0.90 (from $0.95) and $2.59 (from $2.70) following the company's FQ4 report.
- Wrede also notes that CPB's guidance (adjusted EPS growth of 3-5%) is "below consensus."
- "If you've got support from weather and you've got support from a lot of new innovation ... what's going to be the incremental benefit that you get in FY14 to maintain the growth rate? Why wouldn't it slow down again in U.S. Soup?" Wrede asks on the conference call. "The drivers of demand are really all about improvements in execution ... we're pretty positive about U.S. Soup," CEO Denise Morrison responds.
- Hold rating reiterated, price target cut to $42 from $44.
- More: Earnings, Q4 highlights, CC transcript
Aug. 29, 2013, 8:23 AM| Aug. 29, 2013, 8:23 AM | Comment!
Aug. 29, 2013, 7:04 AM
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Aug. 28, 2013, 5:30 PM
Aug. 16, 2013, 3:32 PM| Aug. 16, 2013, 3:32 PM | Comment!
Aug. 14, 2013, 3:57 PM
- Kerry O’Shea of Huntington Beach, California is angry with Campbell Soup (CPB -1.8%) and the American Heart Association — so angry in fact, that she's filing a lawsuit.
- O'Shea claims that the AHA has no business allowing CPB to display the "Heart-Check Mark" logo on the side of Healthy Request soups because each can allegedly has "at least six times as much sodium as the organization recommends."
- "That misrepresentation (or omission of the true facts) is unfair, deceptive, and misleading," Bloomberg quotes the complaint as saying.
Aug. 12, 2013, 10:38 AM
- A plan by Campbell Soup (CPB -0.9%) to lighten up on European brands is part of a broad strategy to transition into faster-growing segments.
- Selling souped-up products to younger consumers as well as entering more organic food and baby food segments will be a large part of Campbell's focus in the future.
Aug. 12, 2013, 10:33 AM| Aug. 12, 2013, 10:33 AM | Comment!
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