Campbell Soup Company (CPB) has been optimizing its portfolio by divesting non-core businesses. It announced the divestiture of its noosa yogurt brand to Lakeview Farms. The noosa yogurt brand is an ideal fit for Lakeview Farms, which produces fresh dips, desserts and specialty products. Notably, noosa’s products fully complement Lakeview’s existing product offerings.The deal is anticipated to close in the first quarter of 2025, upon the satisfaction of regulatory approvals. Campbell, a leading food produce ...

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Core Insights - Campbell's has highlighted the significance of side dishes in holiday meals, emphasizing that they are often preferred over the main dish, turkey [1] - The company has launched a Limited Edition Candle Collection inspired by popular side dishes, enhancing the holiday experience beyond the dinner table [3][4] Consumer Preferences - Over 55% of respondents prefer side dishes over turkey, indicating that sides are the main attraction during holiday meals [1] - 60% of participants enjoy cooking side dishes more than preparing the turkey, showcasing the creativity involved in side dish preparation [1] - Gen Z shows a strong preference for Mac and Cheese, with 45% identifying it as their favorite side dish [1] - Nearly 40% of respondents would be satisfied with only side dishes, highlighting the importance of variety and flavor during Thanksgiving [1] - Approximately 45% of consumers are interested in creamy and comforting flavors, with 38% looking forward to cheesy options [1] Social Trends - Nearly 45% of people are participating in Friendsgiving celebrations, which allow for experimentation with new side dishes and social connections [1] - The report also notes popular Thanksgiving activities, such as watching parades and playing football, which contribute to the overall holiday experience [2] Product Launch - The new candle collection features scents inspired by classic side dishes, including Green Bean Casserole, Jalapeño Cheddar Mac & Cheese, Apple, Fennel & Herb Stuffing, and Everything Bagel-Seasoned Mashed Potatoes [4][5] - The candles retail for $30 and are available for purchase at CAMP [5] Research Methodology - The State of the Sides Report is based on a survey of 5,000 US adults who celebrate Thanksgiving, conducted by Reputation Leaders in June 2024 [7] - The survey results have a margin of error of +/-1.4% nationally and +/-9.8% at the state level, with a 95% confidence level [7] Company Overview - Campbell's has been a trusted food brand for over 150 years, generating net sales of $9.6 billion in fiscal 2024 [8] - The company offers a diverse portfolio of well-known brands and is committed to social responsibility [8]

Group 1 - The article emphasizes the importance of a long-term investment strategy, focusing on buying and holding assets for 10 years or longer to build wealth that compounds over generations [1] - It highlights the approach of reinvesting dividends from well-managed organizations and balancing current income with sustainable growth [1] - The author identifies opportunities in sectors such as REITs and dividend growth stocks, combining fundamental analysis with reasonable future cash flow expectations [1] Group 2 - The investment philosophy includes seeking opportunities with substantial margin of safety and a wide moat, as well as taking advantage of short-term market fears to acquire quality assets at fair prices [1] - The article discusses asset location strategies, recommending holding dividend growth stocks in taxable brokerage accounts and using Roth IRAs for REIT and BDC investments [1]

Core Insights - Campbell Soup Company (CPB) is experiencing robust performance driven by effective execution, innovation, and strategic marketing initiatives [1][3] - The company is actively refining its portfolio through acquisitions and divestitures to enhance market position and profitability [1][5][6] Financial Performance - In the fourth quarter of fiscal 2024, Campbell Soup reported an 11% increase in sales, largely attributed to the acquisition of Sovos Brands [5] - Cost synergies of $10 million were generated from the integration of Sovos Brands during the same period [5] - The Meals & Beverages division continues to perform well, with strong sales from core brands like Rao's and Prego [11] Strategic Focus - Management has outlined a strategy focusing on product affordability, competitive pricing, sustained marketing, and disciplined spending with a focus on high ROI [4] - The company is committed to growing its premium snack brands despite recent challenges in the Snacks segment [9][11] Market Challenges - Campbell Soup faces challenges from a volatile consumer environment and competitive pressures in its Snacks segment, with organic net sales declining 3% year over year [2][9] - Inflationary pressures and economic uncertainty are impacting consumer spending patterns, leading to mixed performance in the market [8][7] Future Outlook - Despite current challenges, Campbell Soup remains optimistic about long-term growth, particularly with the integration of Sovos Brands and the strength of its Meals & Beverages division [11][12] - The company is cautious in its fiscal 2025 guidance due to ongoing uncertainties surrounding consumer behavior [8]

Campbell Soup Company (CPB) is trading at an attractive valuation, considering its price-to-earnings (P/E) multiple, which is lower than both the Zacks Food – Miscellaneous industry and the broader Consumer Staples sector. CPB's forward 12-month P/E ratio is 14.70, lower than the industry average of 16.41 and the sector average of 18.12. This discrepancy in valuation suggests that the stock may be undervalued relative to its peers, presenting a compelling opportunity for investors seeking value in the consu ...

Celebrity chef and organic soup and broth brand aim to reclaim the end of the weekend with #TGISunday series PORTLAND, Ore., Sept. 23, 2024 /PRNewswire/ -- Pacific Foods, a brand known for its organic and highquality ingredients, has launched its #TGISunday content series to help people overcome the widespread phenomenon known as the "Sunday Scaries." Developed in partnership with chef and television star Matty Matheson, the series is designed to transform Sunday anxiety into a time for culinary joy and ins ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K _________________________________________________________________________________ Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended July 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Investment Action - The company has shifted its rating for Campbell Soup Company (CPB) from sell to neutral, acknowledging an underestimation of CPB's ability to navigate macro conditions, but sees no near-term upside potential [2] Earnings Review - CPB reported 2Q24 earnings with sales of $2.29 billion, missing consensus estimates of $2.3 billion; gross profit was $719 million, below the expected $731 million; EBIT was $329 million, also missing the $331 million estimate; however, net income of $189 million exceeded the consensus estimate of $185 million due to lower interest expenses and a better tax rate [3] Growth Projections - Management's long-term growth target of 2 to 3% is considered overly optimistic, especially given historical organic growth of -0.5% from FY14 to FY19 and negative volume/mix growth in the three years prior to FY19 [3][6] - The expected 3 to 4% growth in Snacks is questioned due to historical performance, with organic growth never reaching the midpoint of this target pre-COVID [4][6] Competitive Landscape - The Snacks industry is facing intensified competition from major players like General Mills, Utz Brands, and Mondelez, making it difficult for CPB to achieve accelerated growth [4][6] - Recent sales trends in the Snacks industry have deteriorated, raising concerns about CPB's ability to capture market share and achieve its growth expectations [6] Margin Outlook - Management's projection of achieving >19% EBT margin by FY27 is scrutinized, particularly the 130 bps contribution from fundamentals, which lacks detailed explanation and historical support [8] Valuation and EPS Growth - CPB's valuation has aligned with peers at 10.5x forward EBITDA, closing a previous 15% valuation gap; without strong evidence supporting growth expectations, a higher market multiple is not anticipated [9] - Current FY26 EPS estimates of $3.41 reflect a 7.5% year-over-year growth, which is not expected to exceed historical averages of 3% growth from FY14 to FY22 [9] Final Recommendation - The recommendation for CPB is a hold rating due to skepticism about achieving long-term growth targets, historical performance, increasing competition, and limited upside potential given its current valuation [10]

Campbell Soup Company (CPB) is marking a significant shift in its strategy. During Tuesday's Investor Day, the company revealed its plans to accelerate growth following a transformative period that began in 2019. This transformation set the stage for renewed growth efforts, with ambitious targets and a redefined mission aimed at setting new standards in the food industry. A Look Back: How Campbell Soup Transformed Since 2019, Campbell Soup has undergone a significant overhaul. It is focused on core categori ...