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Campbell Soup Company (CPB)

  • Aug. 30, 2013, 1:48 PM
  • Aug. 29, 2013, 8:23 AM
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  • Aug. 29, 2013, 7:04 AM
  • Aug. 29, 2013, 12:05 AM
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  • Aug. 16, 2013, 3:32 PM
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  • Aug. 14, 2013, 3:57 PM
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  • Aug. 12, 2013, 10:33 AM
  • Jul. 24, 2013, 8:06 AM
    Ahead of an investor meeting on 2014 plans, Campbell Soup (CPB) reiterates fiscal 2013 EPS guidance of $2.58-$2.62. Bolthouse Farms is expected to contribute $750M to sales and $0.06 to EPS. CEO Morrison: "We are executing against a dual mandate to strengthen our core business and expand into higher growth spaces." Meeting begins at 10 ET (webcast).
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  • Jun. 26, 2013, 5:22 PM
    Campbell Soup Company (CPB) declares $0.29/share quarterly dividend, in line with previous. Forward yield 2.61%. For shareholders of record July 8. Payable July 29. Ex-div date July 3. (PR)
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  • Jun. 26, 2013, 8:21 AM
    Consumer Staples watch: Major U.S. food companies (GIS, K, CPB, POST, CAG) have been swept up in a rush by investors to dividend-paying consumer staples (XLP) but the tide could be turning with Treasury yields higher and earnings reports from the group looking uninspiring. Rahul Sharma notes the higher exposure to emerging markets of companies like Coca-Cola (KO), Philip Morris (PM), and PepsiCo (PEP) looks appealing with Western shoppers increasingly focused on pricing and volume gains hard to come by.
  • Jun. 18, 2013, 9:00 AM
    Campbell Soup's (CPB) acquisition of Danish firm Kelsen Group is a move designed to boost the company's presence in China and other global markets, according to food industry analysts. With its 20-year history of growing brands in China, Kelsen provides a convenient shortcut to the booming sweet biscuits market in the nation.
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  • Jun. 17, 2013, 5:08 PM
    Campbell (CPB) is acquiring Denmark's Kelsen Group, owner of the Kjeldsens and Royal Dansk baked snack brands (the latter is known to U.S. consumers for its butter cookies), from P-E firm Maj Invest for an undisclosed sum. Kelsen had 2012 sales of $180M, has been growing at a "compound double-digit rate" since '09, and has seen its Chinese sales grow at a 28% CAGR over the last 3 years. The deal will bolster a baked snack business that includes the Pepperidge Farm cookie/cracker brand, and the Arnotts Australian biscuit brand. It's expected to be "modestly accretive" starting in 2014.
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  • May 24, 2013, 10:15 AM
    Campbell's Soup (CPB -0.8%) trades lower after announcing it will acquire Plum Organics, a maker of organic foods for kids, for an undisclosed amount. CPB is apparently looking to cash in on a growing market for premium and organic baby food and says that with the addition, the company's "portfolio of kids-focused soups, beverages and snacks will have annual sales of more than $1B." Plum is the No. 4 baby food brand in the country, with $93M in gross sales during 2012. (PR)
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  • May 20, 2013, 7:49 AM
    More on Campbell Soup's (CPB) FQ3: Organic sales rose 4% during the period, led by a strong showing from the U.S. Simple Meals segment. Total sales benefited 5 percentage points from volume and mix while the acquisition of Bolthouse Farms added eleven percentage points. The company acknowledges some weakness with its U.S. Beverages segment as it faced increased competition in the juice category. FY13 EPS guidance is revised to $2.58-$2.62. (PR)
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Company Description
Campbell Soup Co together with its subsidiaries is engaged in manufacturing and marketing of branded convenience food products.