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Campbell Soup Company (CPB)

  • Wed, Jul. 22, 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 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)
    | Wed, Jul. 22, 3:56 PM | 3 Comments
  • Wed, Jul. 22, 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.
    | Wed, Jul. 22, 8:25 AM | 1 Comment
  • Tue, Jun. 30, 11:54 AM
    | Tue, Jun. 30, 11:54 AM | Comment!
  • Thu, Mar. 26, 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)
    | Thu, Mar. 26, 12:37 PM | 11 Comments
  • Wed, Mar. 25, 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
    | Wed, Mar. 25, 7:07 AM | Comment!
  • Thu, Feb. 12, 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.
    | Thu, Feb. 12, 5:28 PM | 4 Comments
  • Wed, Jan. 7, 8:05 AM
    • Campbell Soup (NYSE:CPB) is higher in early trading after being thrown back into the M&A pot.
    • Today's speculation centers on a play from 3G in the food sector.
    • It's of note that 3G was able to quickly cut $700M in costs when it snapped up Heinz and lifted the company's profit margins by 700 bps.
    • CPB +2.3% premarket to $44.01.
    | Wed, Jan. 7, 8:05 AM | Comment!
  • Wed, Jan. 7, 7:12 AM
    • Shares of Campbell Soup (NYSE:CPB) and PepsiCo (NYSE:PEP) are on watch after the WSJ reports 3G is discussing trying to acquire a major food company.
    • Sources indicate the massive size of PepsiCo deal could prompt a partial buyout or a bid in tandem with Aneuser-Busch InBev (NYSE:BUD).
    • PEP +0.8% premarket, CPB inactive.
    | Wed, Jan. 7, 7:12 AM | 8 Comments
  • Nov. 26, 2014, 5:37 PM
    • Top gainers, as of 5:15 p.m.: NXPI +2.6%. TEX +2.2%. CJES +2.2%. NAT +2.0%. PSLV +1.7%.
    • Top losers, as of 5:15 p.m.: VMEM -4.3%. ATW -3.2%. EJ -2.8%. CPB -2.4%. KITE -2.2%.
    | Nov. 26, 2014, 5:37 PM | Comment!
  • 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
    | Sep. 8, 2014, 7:48 AM | 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 27, 2014, 7:28 AM | 2 Comments
  • May 19, 2014, 9:13 AM
    | 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
    | May 19, 2014, 8:24 AM | Comment!
  • Dec. 9, 2013, 10:17 AM
    • Share of Campbell Soup (CPB +1.2%) shoot higher again in early action and are now up over 10% over the last 5 trading sessions in the midst of a tough patch for the sector.
    • The company is in the spotlight due to some unusual call option buying last week.
    • Trader talk: A huge merger in the foodservice industry has just increased the chatter that Campbell Soup might be flirting with a peer.
    | Dec. 9, 2013, 10:17 AM | Comment!
  • Nov. 19, 2013, 9:33 AM
    • A soft quarter from Campbell Soup (CPB -5.5%) is having a ripple effect across the sector.
    • The company's comments on the impact of pricing in the sector is creating a scare.
    • Decliners: Kellogg (K-0.8%, Post Holdings (POST-0.7%, PepsiCo (PEP-0.5%, General Mills (GIS-0.7%.
    | Nov. 19, 2013, 9:33 AM | 1 Comment
  • Nov. 19, 2013, 9:14 AM
    • Campbell Soup (CPB) has a disappointing quarter as both soup and beverage sales fall off sharply.
    • The company missed FQ1 profit estimates by a wide margin as it took a hit by marketing new products heavily and suffered a negative impact from the later timing of Thanksgiving this year.
    • CPB -5.1% premarket.
    | Nov. 19, 2013, 9:14 AM | 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.