Core Insights - Campbell Soup Company (CPB) is strategically focusing on enhancing its Snacks division, which has shown resilience amid various challenges [1][3] - The divestiture of the Pop Secret popcorn business is aimed at prioritizing the Snacks segment, which accounted for 46.3% of the company's sales in Q3 of fiscal 2024 [3][5] - The Snacks category has experienced an average consumption growth of 8%, outperforming overall food and historical snack growth averages [3] Financial Performance - The Pop Secret divestiture is expected to reduce Campbell Soup's earnings per share (EPS) by nearly 4 cents in fiscal 2025, with net sales of approximately $120 million recorded in fiscal 2024 [2] - Campbell Soup reported a 6% rise in sales during Q3 of fiscal 2024, largely due to the addition of Sovos Brands, which contributed 7 percentage points to net sales growth [7] - The company anticipates steady year-over-year volume growth and double-digit increases in adjusted EBIT and adjusted EPS in Q4 [8] Strategic Moves - The divestiture of non-core assets like Pop Secret reflects Campbell Soup's commitment to optimizing its portfolio for long-term growth [13] - The acquisition of Sovos Brands in March 2024 has been beneficial, with strong performance from its product lines, particularly Rao's [6][7] - Power brands now represent two-thirds of the Snacks business, providing a solid foundation for sustained growth [5] Market Position - Campbell Soup's shares have increased by 14.8% over the past three months, outperforming the industry growth of 3.9% and the broader Zacks Consumer Staples sector [9] - The company is navigating a dynamic macroeconomic environment, with expectations of organic net sales growth being nearly flat to down 1% in fiscal 2024 [11] Cost Management - The company has been facing cost inflation, particularly in inputs like tomatoes, olive oil, and cocoa, but productivity initiatives and cost-saving programs are expected to mitigate these impacts [12]

Campbell Soup Company (CPB) is likely to register top and bottom-line growth when it reports fourth-quarter fiscal 2024 earnings on Aug. 29. The Zacks Consensus Estimate for revenues is pegged at $2.31 billion, which suggests an increase of 11.5% from the prior-year quarter's reported figure. The consensus mark for quarterly earnings has remained unchanged in the past 30 days at 62 cents per share. This indicates growth of 24% from the year-ago quarter's reported figure. CPB has a trailing four-quarter earn ...

Wall Street analysts forecast that Campbell Soup (CPB) will report quarterly earnings of $0.62 per share in its upcoming release, pointing to a year-over-year increase of 24%. It is anticipated that revenues will amount to $2.31 billion, exhibiting an increase of 11.5% compared to the year-ago quarter. Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration ...

clearstockconcepts/iStock Unreleased via Getty Images In January, I wrote an article about Campbell Soup Company (NYSE:CPB), focusing on the company's broad interests in food and snacks other than soup. Since that time, the company has risen in price almost 14%. Today, I want to revisit Campbell Soup's value at the higher price, and after they completed the acquisition of Sovos Brands in March for $23 per share. The deal cost about $2.7 billion, but gives Campbell Soup access to the valuable Rao's brand in ...

Food stocks got a big boost on Aug. 14 when the speculation privately held Mars was in serious negotiations to buy Kellanova (NYSE:K), the owners of Eggo, Cheez-It and many other food brands, turned into confirmation. Mars will pay $36 billion, or $83.50 a share, a 33% premium to Kellanova's Aug. 2 closing price, the day before Reuters first reported the potential tie-up. Kellanova stock is up more than 40% over the past month as a result. Last October, the former Kellogg Company was separated from its Nort ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens. Zacks Premium also includes the Zacks Style Scores. What are the Zacks Style Scores? The Zacks ...

Campbell Soup Company (CPB) has been demonstrating strong execution and strategic resilience amid a dynamic consumer environment. The company's Snacks division, anchored by robust power brands, remains strong despite temporary pressures. That said, the Meals and Beverages unit remains a vital growth catalyst. Robust Snacks Unit Though sales in the segment decreased year over year in the third quarter of fiscal 2024 due to declines in lower-margin partner brands, contract manufacturing and fresh bakery, the ...

Insider Trading Selling Shares Campbell Soup analyst ratings and price targets are at MarketBeat. Consensus price targets indicate 5.28% upside to $46.31. With a name like Campbell Soup Co., it would be easy to mistake the company for solely a soup maker. Campbell is an iconic name and brand, but it has diversified its portfolio of brands way beyond soup into two divisions: Meals & Beverages and Snacks. Sequential net sales growth and volume and mix improvements helped to drive double-digit growth in adjust ...

Core Insights - Campbell Soup (CPB) reported third-quarter revenue of $2.37 billion, a 6.3% increase year-over-year, surpassing analysts' estimates [2][5] - Diluted earnings per share (EPS) fell 17% to 44 cents, missing projections [2][3] - The acquisition of Sovos Brands contributed to revenue growth, while organic sales remained flat [3][4] Revenue Breakdown - Meal and beverage product sales increased by 14.8% to $1.27 billion [3] - Snack sales decreased by 2.1% to $1.1 billion due to economic pressures affecting consumer behavior [3][5] Acquisition Impact - The acquisition of Sovos Brands is expected to drive significant incremental growth, prompting the company to raise its full-year revenue growth estimate to 3% to 4% [4] - Adjusted EPS forecast was lowered to $3.07 to $3.10 from a previous range of $3.09 to $3.15 [4] Stock Performance - Shares of Campbell Soup were stable at $44.13, with a year-to-date gain of approximately 2% [5]

Campbell Soup Company (CPB) came out with third-quarter fiscal 2024 results, wherein the top and bottom lines increased year over year and beat their respective Zacks Consensus Estimate. While the top line gained from the recent acquisition of Sovos Brands (concluded in March 2024), the bottom line was driven by factors like enhanced supply-chain productivity and cost savings. Campbell Soup updated its guidance to include the impacts of its Sovos Brands acquisition and the anticipated performance of the bas ...