For each sack made across the NFL, Chunky® will make a donation that will help provide meals to families in need. CAMDEN, N.J., Sept. 5, 2024 /PRNewswire/ -- Today, Campbell's® Chunky® announced the third annual Chunky Sacks Hunger™ initiative – a program that partners with NFL teams and Feeding America® to support people and families facing hunger across the country. During the 2024-25 regular season, Chunky will donate 1,000 meals* to Feeding America for every sack made across the NFL, connecting what hap ...

Campbell Soup NASDAQ: CPB is one of the most well-known food product firms in the United States but it definitely isn't stock on the tip of everyone's tongue in a market dominated by technology and AI. Campbell Soup Today CPB Campbell Soup $49.72 +0.47 (+0.95%) 52-Week Range $37.94 ▼ $50.99 Dividend Yield 2.98% P/E Ratio 20.13 Price Target $47.23 Add to Watchlist However, the company has quietly been having a good 2024, providing a total return above 17%. That's nearly in line with the S&P 500 and outperfor ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. S ...

Campbell Soup Company (CPB) delivered fourth-quarter fiscal 2024 results, as both the top and bottom lines increased year over year, and earnings beat the Zacks Consensus Estimate. CPB experienced sequential volume improvements and achieved year-over-year margin growth during the quarter. The company made significant progress toward its long-term strategic objectives despite a changing consumer environment. Key highlights of the quarter included a notable recovery in the Meals & Beverages segment, especiall ...

Financial Data and Key Metrics Changes - Organic net sales in Q4 declined 1% year-over-year, with adjusted EBIT and adjusted EPS both increasing by double digits [7][24][30] - Full year adjusted EPS was $3.08, reflecting a 3% increase, with adjusted EBIT up 6% [25][30] - Adjusted gross profit margin expanded 80 basis points to 31.4% in Q4, driven by supply chain productivity and favorable mix [27][30] Business Line Data and Key Metrics Changes - Meals & Beverages division saw a 1% increase in organic net sales, driven by a 2% volume growth, while Snacks experienced a 3% decline in organic net sales [10][32] - Pro forma net sales growth for Meals & Beverages, including Sovos, was 4%, with significant contributions from U.S. soup and pasta sauces [31] - Snacks operating margin improved to 14.5% for Q4, with full year margin at 14.8% [33] Market Data and Key Metrics Changes - In-market consumption for total food moved into positive territory for both dollars and units, with 70% of edible categories growing household penetration [9][10] - The Snacks category recovery is progressing, albeit at a slower pace than desired, with competitive pressure from new entrants [16][20] Company Strategy and Development Direction - The company remains confident in its long-term growth trajectory, emphasizing the strength of its portfolio and the integration of Sovos Brands [7][23] - Focus on improving the mix of business by reducing reliance on partner and contract brands, with a strategic decision to divest the Pop Secret brand [19][35] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of consumer behavior, viewing it as a matter of when rather than if [9][49] - The company anticipates continued volume improvement in fiscal '25, with guidance reflecting a balance between steady progress and prudence [35][36] Other Important Information - The acquisition of Sovos Brands contributed positively to the company's performance, with a neutral impact on adjusted EPS in Q4 [8][24] - The company achieved $60 million in enterprise cost savings, reaching a cumulative total of $950 million towards its $1 billion cost savings goal [28] Q&A Session Summary Question: Insights on Meals & Beverages performance - Management highlighted the positive momentum in Meals & Beverages, driven by consumer trends favoring in-home cooking and affordability [43][44] Question: Concerns about Snacks competition - Management acknowledged competitive pressure from new entrants but expressed confidence in their brand portfolio and innovation strategies to address these challenges [52][56] Question: Guidance on organic sales - Management confirmed that guidance reflects expectations of normalization in broth share and a gradual recovery in the consumer environment [57][63]

Core Insights - Campbell Soup (CPB) reported revenue of $2.29 billion for the quarter ended July 2024, marking a year-over-year increase of 10.9% and an EPS of $0.63 compared to $0.50 a year ago [1] Revenue Performance - Net Sales in Meals & Beverages reached $1.20 billion, exceeding the average estimate of $1.18 billion by four analysts, representing a year-over-year change of +28.2% [3] - Net Sales in Snacks totaled $1.09 billion, falling short of the $1.12 billion average estimate based on four analysts, indicating a year-over-year decline of -3.5% [4] Earnings Analysis - Operating Earnings for Meals & Beverages were reported at $211 million, surpassing the average estimate of $194.97 million by four analysts [5] - Operating Earnings for Snacks were $159 million, below the average estimate of $171.24 million based on four analysts [6] - Operating Earnings for Corporate were reported at -$272 million, significantly worse than the average estimate of -$48.30 million based on two analysts [7] Stock Performance - Shares of Campbell have returned +7.1% over the past month, outperforming the Zacks S&P 500 composite's +2.6% change [7]

Campbell Soup (CPB) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.50 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 1.61%. A quarter ago, it was expected that this maker of canned soup, Pepperidge Farm cookies and V8 juice would post earnings of $0.70 per share when it actually produced earnings of $0.75, delivering a surprise of ...

CAMPBELL REPORTS FOURTH-QUARTER FISCAL 2024 RESULTS; PROVIDES FULL-YEAR FISCAL 2025 GUIDANCE For the fourth quarter: • Net Sales increased 11% to $2.3 billion and decreased 1% on an organic basis. • Earnings Before Interest and Taxes (EBIT) decreased to $77 million. Adjusted EBIT increased 36% to $329 million including the impact of the Sovos Brands, Inc. (Sovos Brands) acquisition. • Earnings Per Share (EPS) decreased to $(0.01). Adjusted EPS increased 26% to $0.63. For the full year: • Net Sales increased ...

Campbell Soup Company (CPB) has been strategically concentrating on bolstering its Snacks division, which has demonstrated strong resilience despite various challenges. As part of its efforts to enhance this focus, CPB has offloaded its Pop Secret popcorn business to Our Home, a company specializing in healthier snack options. Recording net sales of roughly $120 million in fiscal 2024, the Pop Secret business divestiture is anticipated to be dilutive to Campbell Soup's earnings per share (EPS) by nearly 4 c ...

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 ...