Campbell Soup(CPB)
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Prego® Introduces New Line of Creamy Pesto Sauces, Unlocking New and Flavorful Ways to Shake Up Mealtime
prnewswire.com· 2024-05-20 13:00
New offering introduces pesto sauces to the predominately red sauce aisle CAMDEN, N.J., May 20, 2024 /PRNewswire/ -- Campbell Soup Company is introducing a new line to Prego®: Creamy Pesto - a delicious, versatile and kid-friendly way to expand horizons in the kitchen beyond pasta. The new offering makes pesto approachable while offering a delicious taste created by a brand families trust and love. Prego Creamy Pesto saucesPrego Creamy Pesto sauces The all-new Prego Creamy Pesto sauces bring more variety to ...
Campbell Soup (CPB) Showcases Resilience on Brand Strength
Zacks Investment Research· 2024-04-05 16:46
Campbell Soup Company (CPB) continues to demonstrate resilience amid a difficult consumer landscape, driven by a robust supply chain, successful innovations and effective marketing programs.The company’s savings plan has also been adding to its success story. Through the second quarter of fiscal 2024, the company generated $915 million in savings under its multi-year cost-saving program, including Snyder’s-Lance synergies. Management remains on track to deliver savings worth $1 billion by the fiscal 2025-en ...
Campbell (CPB) Up 4.6% Since Last Earnings Report: Can It Continue?
Zacks Investment Research· 2024-04-05 16:31
A month has gone by since the last earnings report for Campbell Soup (CPB) . Shares have added about 4.6% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Campbell due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Campbell Soup Q2 Earnings Top Estimates, Sales Drop Y/Y ...
Campbell Soup: A Vote Of Confidence For A Strong Record
Seeking Alpha· 2024-04-02 00:46
VelhoJuniorThesis After gradually putting behind high levels of inflation that adversely affected companies, especially at the production level, the consumer staples sector sits at a critical point where growth and efficiency gains going forward will become even more challenging. Campbell Soup Company (NYSE:CPB), has been having some of these growth trajectory questions raised by investors, despite being overall efficient in operations and profitable. In this analysis, I dive into the company's financia ...
Campbell (CPB) Fuels Meals & Beverages With Sovos Brands Buyout
Zacks Investment Research· 2024-03-13 14:56
Campbell Soup Company (CPB) has been strengthening its portfolio through meaningful acquisitions of high-growth brands. The company has concluded the buyout of Sovos Brands Inc. for nearly $2.7 billion. This acquisition is a significant step for Campbell as it enhances its Meals & Beverages portfolio with high-growth brands like Rao’s sauce, Michael Angelo’s and noosa.Sovos Brands, a Prudent AdditionSovos Brands brings a range of premium products to Campbell, including pasta sauces, dry pasta, soups, frozen ...
Campbell Completes Acquisition of Sovos Brands, Inc.
Businesswire· 2024-03-12 12:35
CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) today announced it has completed the acquisition of Sovos Brands, Inc. (“Sovos Brands”) for $23 per share in an all-cash transaction, which represents a total enterprise value of approximately $2.7 billion. “ This important milestone in Campbell’s history adds several market-leading and scaled premium brands to our company,” said Campbell’s President and CEO Mark Clouse. “ It accelerates Campbell’s successful strategy and provides a substanti ...
The 3 Best Stocks to Buy With $1,000 in March 2024
InvestorPlace· 2024-03-11 16:20
Wise investors give close attention to shares that offer a combination of diversification, value, dividends, and long-term growth potential. Putting that money to work in top-notch companies is a fantastic way to start building a nest egg.For the long-term investor, the stock market offers a diverse range of sectors. And even with a limited budget, one can build a well-rounded portfolio. However, given the possible stock market volatility, investors understandably look for stable, recession-proof equity pic ...
Grilled Cheese and Tomato Soup Lovers Rejoice! Campbell's® Releases Limited-Time Only Flavor
Prnewswire· 2024-03-07 15:00
The first ever limited-edition Grilled Cheese and Tomato Soup is available to celebrate National Grilled Cheese Day on April 12thCAMDEN, N.J., March 7, 2024 /PRNewswire/ -- Campbell's has announced its first-ever, limited-edition flavor of Campbell's® Grilled Cheese and Tomato Soup. This small batch release celebrates the brand's iconic Tomato Soup infused with the flavors of a grilled cheese sandwich for the ultimate spoonful of flavor and comfort. The soup can be prepared with water for a more robust toma ...
Campbell Soup Company: The Bottom is in for this High-Yield Stock
MarketBeat· 2024-03-07 12:29
Key PointsCampbell Soup Company widened its margin ahead of a pivot back to growth.Cash flow is solid and allows for robust dividend and share repurchases. Analysts' sentiment is sour but shifting, supporting a floor for the market; institutions are buying it in bulk. 5 stocks we like better than Campbell SoupCampbell Soup Company NYSE: CPB fell from grace last year as tough comps to the prior year, and retreating sentiment led the market to lower price points. However, the bottom is in for this stock, and ...
Campbell Soup (CPB) Q2 Earnings Top Estimates, Sales Drop Y/Y
Zacks Investment Research· 2024-03-06 17:26
Campbell Soup Company (CPB) reported decent second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. However, net sales declined year over year while earnings remained unchanged. Management reaffirmed fiscal 2024 outlook. The company expects to conclude acquisition of Sovos Brands, Inc. in March 2024.Quarterly HighlightsAdjusted earnings came in at 80 cents, in line with the year-ago quarter’s figure. The bottom line came ahead of the Zacks Consensus Esti ...