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Campbell's Stock Falls as CEO Clouse Plans NFL Move; Results Underwhelm
CPBCampbell Soup(CPB) Investopedia·2024-12-04 14:06

KEY TAKEAWAYSCampbell’s shares are falling in premarket trading after the snack and soup maker said CEO Mark Clouse will be leaving at the end of January, while also reporting top-and-bottom line results that missed estimates.Clouse, who became CEO in January 2019, is leaving the company to become president of the National Football League’s Washington Commanders.Campbell's sales and net income for its quarter ended Oct. 27 lagged analysts' estimates as per Visible Alpha, while adjusted EPS was higher-than-f ...