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Campbell Soup Company (CPB)

  • 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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  • May 20, 2013, 7:31 AM
    Campbell Soup (CPB): FQ3 EPS of $0.62 beats by $0.06. Revenue of $2.09B (+15% Y/Y) beats by $0.05B. (PR)
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  • May 20, 2013, 12:05 AM
    Notable earnings before Monday’s open: CPB, HGG, JASO, QIHU
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  • May 19, 2013, 5:30 PM
    Notable earnings before Monday’s open: CPB, HGG, JASO, QIHU
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  • May 10, 2013, 12:58 PM
    The corn crop could be bigger than originally forecast as farmers in the U.S. Corn Belt delay planting to take advantage of a huge amount of rainfall this spring in the Midwest. The USDA said in its monthly forecast released today it expects a stockpile of 2.004B bushels of corn, above the analyst estimate of 1.973B bushels. The read-through of lower corn prices to U.S. companies is far-reaching, but a few food concerns to watch for potential margin relief include Buffalo Wild Wings (BWLD +1.1%), General Mills (GIS +0.3%), Kellogg (K +0.4%), Campbell Soup (CPB +0.1%), PepsiCo (PEP +0.1%), Coca-Cola (KO -0.3%), and Post Holdings (POST +0.5%). (USDA report)
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  • Apr. 16, 2013, 1:15 PM
    Private label brand breakthrough: A survey released by Deloitte on brand loyalty could rattle the food and grocery sectors as a whopping 94% of consumers indicate they will stick with private-label or store brands instead of reverting back to costlier options. Industry insiders think even if the economy comes roaring back, a paradigm shift  of consumer attitudes toward food purchases may already be entrenched. The trend could favor Treehouse Foods (THS), Safeway (SWY), Kroger (KR), Costco (COST), Whole Foods Market (WFM) - while creating a headache for Kellogg (K), Post Holdings (POST), Campbell Soup (CPB), Kraft Foods (KRFT), and General Mills (GIS).
  • Apr. 1, 2013, 1:53 PM
    Commodity input costs for food companies could be lower in Q2 if the trend of lower prices on corn, wheat, and soybean sustains. What to watch: Though the sector is getting tagged as overbought and the Heinz premium hanging over it could wear out, improving margins might be enough to take General Mills (GIS -1.4%), Kellogg (K -0.8%), J.M. Smucker (SJM -0.3%), and Campbell Soup (CPB +0.4%) to even greater heights this year.
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  • Mar. 14, 2013, 10:31 AM
    Are shares of Procter & Gamble (PG +0.7%) and Kimberly-Clark (KMB +0.6%) poised to cool off for a while after helping lead the market run? The pair - along with other defensive names (GIS, CPB, CL) - may be played out as investors stretch out their risk profile, according to traders.
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  • Mar. 4, 2013, 9:05 AM
    Brian Sozzi notes valuations on consumer product companies such as Campbell Soup (CPB), Hershey (HSY) and Kimberly Clark (KMB) continue to trek higher following the mega-sized Heinz purchase by Berkshire Hathaway and 3G Capital. The run-up might not be based entirely on pure M&A speculation with execs in the sector saying that the deal has drawn a sharper focus on new ways to cut costs and stay lean.
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  • Feb. 25, 2013, 11:09 AM
    Consumers are clipping coupons at a higher rate than anytime since the 2007 recession, according to tracking from The biggest amount of activity has been seen in the food categories (CPB, KRFT, CAG, PEP) of soup, cheese, rice, and pasta - although personal care and beauty items (PG, AVP, EL, UL, CL) are also in focus.
  • Feb. 20, 2013, 4:35 PM
    A port in a storm, Campbell Soup (CPB) manages to stay green, with CEO Denise Morrison telling reporters soup season has unfolded better than expected thanks to a resurgence in the Chunky Brand and positive response to a price increase on condensed soups. "I'm not putting balloons up but it feels better ... It's been pretty bad for a long time."
  • Feb. 19, 2013, 8:32 AM
    The Consumer Analyst Group conference in New York will be dominated by talk of what future consolidation in the food sector might look like after the mega-sized Heinz deal set the table last week. Typically a showcase for new products and strategies, this year's confab will have analysts lining up which marriages could produce the most synergies in developed markets and revenue potential in emerging markets. Presenters: K, GIS, PEP, CPB, KRFT, MDLZ, SJM, HSY. (full list)
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  • Feb. 15, 2013, 12:48 PM
    More on Campbell Soup (CPB +1.5%): After the mega-buyout of Heinz yesterday, Campbell's Q4 report (I, II) is getting viewed in a different light with its iconic brands and proven resiliency to economic turmoil making it somewhat similar to the ketchup maker. The main difference? The company is further along in revitalizing its brands and striking into new areas. If investors are buying CPB on M&A speculation, the wait might be long.
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  • Feb. 15, 2013, 7:40 AM
    More on Campbell Soup's (CPB) FQ2: The double-digit Y/Y rise in revenue was largely due to the acquisition of Bolthouse Farms, although price and sales allowance gains also contributed. Execs say brand building in the key soup category was helped by innovation not just advertising. The company confirms its previous FY13 sales growth guidance of 10% to 12% and says it expects EPS of $2.51 to $2.57 for the fiscal year. (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.