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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

37.03USD
19 Jun 2018
Change (% chg)

$0.36 (+0.98%)
Prev Close
$36.67
Open
$36.64
Day's High
$37.17
Day's Low
$36.50
Volume
1,638,616
Avg. Vol
898,876
52-wk High
$55.32
52-wk Low
$32.63

Latest Key Developments (Source: Significant Developments)

Campbell Soup Company Announces CEO Transition Plan
Friday, 18 May 2018 

May 18 (Reuters) - Campbell Soup Co ::MPANY ANNOUNCES CEO TRANSITION PLAN.SAYS KEITH R. MCLOUGHLIN APPOINTED INTERIM CEO.DENISE M. MORRISON, PRESIDENT AND CHIEF EXECUTIVE OFFICER AND A DIRECTOR, HAS CHOSEN TO RETIRE EFFECTIVE TODAY.CAMPBELL SOUP - COO LUCA MIGNINI WILL FOCUSES ON INTEGRATION OF NEWLY ACQUIRED SNYDER'S-LANCE, PACIFIC FOODS AND STABILIZING CO'S U.S. SOUP BUSINESS.  Full Article

Campbell Soup Announces Strategic Reorganization
Friday, 6 Apr 2018 

April 5 (Reuters) - Campbell Soup Co ::CAMPBELL ANNOUNCES STRATEGIC REORGANIZATION.CAMPBELL SOUP CO - LUCA MIGNINI NAMED CHIEF OPERATING OFFICER.CAMPBELL SOUP CO - ANA DOMINGUEZ NAMED PRESIDENT OF CAMPBELL FRESH.CAMPBELL SOUP CO - EMILY WALDORF PROMOTED TO SENIOR VICE PRESIDENT OF CORPORATE STRATEGY.CAMPBELL SOUP CO - COMPANY CREATES "NEW ACCELERATOR UNIT TO DRIVE GROWTH IN FASTER-GROWING SPACES, INCLUDING CAMPBELL FRESH".CAMPBELL SOUP CO - HAS INITIATED AN EXTERNAL SEARCH FOR A CHIEF ACCELERATION OFFICER.CAMPBELL SOUP CO - CAMPBELL'S DIGITAL AND E-COMMERCE UNIT WILL BECOME PART OF NEW ACCELERATOR UNIT.CAMPBELL SOUP CO - CAMPBELL FRESH WILL ALSO BECOME PART OF ACCELERATOR UNIT.CAMPBELL SOUP CO - ANA DOMINGUEZ TO REPORT TO DENISE MORRISON UNTIL A CAO IS NAMED.  Full Article

Snyder's-Lance Receives Shareholder Approval For its sale to Campbell
Saturday, 24 Mar 2018 

March 23 (Reuters) - Snyder's-Lance Inc ::SNYDER’S-LANCE, INC. RECEIVES SHAREHOLDER APPROVAL FOR PROPOSED ACQUISITION BY CAMPBELL SOUP COMPANY.SNYDER'S-LANCE INC - MORE THAN 99.33% OF VOTES CAST IN FAVOR OF DEAL PROPOSAL.  Full Article

Campbell Soup Authorizes Additional Pre-Tax Costs For Expanded Initiatives
Thursday, 25 Jan 2018 

Jan 24 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ON JAN 18, 2018, CO AUTHORIZED ADDITIONAL PRE-TAX COSTS FOR EXPANDED INITIATIVES TOTALING ABOUT $125 MILLION TO $140 MILLION.CAMPBELL SOUP - EXPECTS TO INVEST ABOUT $250 MILLION IN CAPEX IN CONNECTION WITH COST SAVINGS ACTIONS - SEC FILING.CAMPBELL SOUP - OF $515 MILLION TO $560 MILLION OF PRE-TAX COSTS, CO EXPECTS ABOUT $415 MILLION TO $460 MILLION TO BE CASH EXPENDITURES.  Full Article

Campbell Soup Says Entered Into Three-Year Credit Agreement With Credit Suisse, Cayman Islands Branch ‍​
Saturday, 30 Dec 2017 

Dec 29 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ENTERED INTO A THREE-YEAR CREDIT AGREEMENT WITH CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH ‍​.CAMPBELL SOUP - SUBJECT TO TERMS OF AGREEMENT, LENDERS PROVIDED CO WITH SINGLE DRAW, UNSECURED, SENIOR TERM LOAN CREDIT FACILITY OF $1.20 BILLION.CAMPBELL SOUP- PROCEEDS OF LOANS UNDER CREDIT AGREEMENT CAN ONLY BE USED FOR ACQUISITION BY CO OF SNYDER'S-LANCE, PAYMENT OF RELATED FEES - SEC FILING.  Full Article

Campbell Soup Co Says Snyder's-Lance Deal Represents Enterprise Value Of About $6 Bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL REPRESENTS ENTERPRISE VALUE OF ABOUT $6 BILLION - SEC FILING‍​.CAMPBELL SOUP CO - SNYDER'S-LANCE DEAL EXPECTED TO BE 5-7% ACCRETIVE TO FY 2019 EPS.CAMPBELL SOUP-UNDER MERGER AGREEMENT, SNYDER'S-LANCE WILL PAY A TERMINATION FEE OF $149 MILLION TO CO IF DEAL IS TERMINATED DUE TO CERTAIN CONDITIONS‍​.CAMPBELL SOUP-UNDER MERGER AGREEMENT, CO WOULD PAY A TERMINATION FEE OF $50 MILLION TO SNYDER'S-LANCE, IN CERTAIN CIRCUMSTANCES, IF DEAL IS TERMINATED.CAMPBELL SOUP CO SAYS $275 MILLION - $325 MILLION OF EXPECTED ONE-TIME COSTS FROM SNYDER'S-LANCE DEAL.  Full Article

Campbell To Acquire Snyder’S-Lance, Inc For $4.87 bln
Monday, 18 Dec 2017 

Dec 18 (Reuters) - Snyder's-Lance Inc ::CAMPBELL TO ACQUIRE SNYDER’S-LANCE, INC. TO EXPAND IN FASTER-GROWING SNACKING CATEGORY.SNYDER'S-LANCE INC - DEAL FOR ‍$50.00 PER SHARE IN AN ALL-CASH TRANSACTION​.SNYDER'S-LANCE INC - ‍EXPECTS APPROXIMATELY $170 MILLION IN COST SYNERGIES BY END OF FISCAL 2022​.SNYDER'S-LANCE INC - CAMPBELL PLANS TO FINANCE ACQUISITION THROUGH $6.2 BILLION OF DEBT COMPRISING A COMBINATION OF LONG-TERM AND SHORT-TERM DEBT.SNYDER'S-LANCE INC - ‍EXPECTS APPROXIMATELY $170 MILLION IN COST SYNERGIES BY END OF FISCAL 2022 FROM DEAL​.SNYDER'S-LANCE INC - ‍CAMPBELL'S ANNUAL NET SALES EXPECTED TO EXCEED $10 BILLION​.SNYDER'S-LANCE INC - ‍ACQUISITION EXPECTED TO BE ACCRETIVE TO CAMPBELL'S EARNINGS PER SHARE IN FISCAL 2019​.SNYDER'S-LANCE INC - ‍SNYDER'S-LANCE WILL BECOME PART OF CAMPBELL'S GLOBAL BISCUITS AND SNACKS DIVISION​.SNYDER'S-LANCE INC - ‍CAMPBELL WILL SUSPEND SHARE REPURCHASES TO MAXIMIZE FREE CASH FLOW FOR PURPOSES OF PAYING DOWN DEBT​.SNYDER'S-LANCE INC - ‍CAMPBELL ALSO EXPECTS TO MAINTAIN ITS CURRENT DIVIDEND POLICY​.SNYDER'S-LANCE INC - SOME MEMBERS OF WAREHIME FAMILY, WHO OWN 13.2 PERCENT OF CO'S STOCK, HAVE AGREED TO VOTE THEIR SHARES IN SUPPORT OF DEAL.SNYDER'S-LANCE INC - ‍ ACQUISITION HAS BEEN APPROVED BY BOARDS OF DIRECTORS OF BOTH COMPANIES​.SNYDER'S-LANCE -WITH ADDITION OF CO'S COMPLEMENTARY PORTFOLIO, SNACKING WOULD REPRESENT ABOUT 46 PERCENT OF CAMPBELL'S ANNUAL NET SALES ON PRO FORMA BASIS​.  Full Article

Campbell Soup In Advanced Talks To Acquire Snyder's-Lance - CNBC
Saturday, 16 Dec 2017 

Dec 15 (Reuters) - :CAMPBELL SOUP IN ADVANCED TALKS TO ACQUIRE SNYDER'S-LANCE IN A DEAL THAT COULD BE ANNOUNCED AS SOON NEXT WEEK‍​ - CNBC, CITING SOURCES.  Full Article

Campbell reports Q1 adjusted earnings per share of $0.92
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Campbell Soup Co :Campbell reports first-quarter results.Q1 adjusted earnings per share $0.92.Q1 earnings per share $0.91.Q1 earnings per share view $0.97 -- Thomson Reuters I/B/E/S.Q1 sales $2.161 billion versus I/B/E/S view $2.17 billion.Campbell Soup Co - ‍updates fiscal 2018 guidance​.Campbell Soup Co - ‍for full fiscal year, Campbell still expects year-over-year change in net sales to be -2 to 0 percent​.Campbell Soup Co - ‍current quarter included pre-tax charges related to cost savings initiatives of $19 million, or $0.04 per share​.Campbell Soup Co - qtrly‍ Americas Simple Meals and Beverages sales decreased 5 percent to $1.218 billion​.Campbell Soup Co qtrly ‍sales of U.S. Soup decreased 9 percent​.Campbell Soup - ‍for full fiscal year lowered earnings outlook & now expects adjusted EBIT to change by -4 to -2 percent and adjusted EPS to change by -3 to -1 percent​.Campbell Soup Co - sees fiscal 2018 ‍adjusted EPS to change by -3 to -1 percent, or $2.95 to $3.02 per share​.Campbell Soup Co says "‍this was a difficult quarter, particularly for our U.S. Soup business​".Campbell Soup- ‍change in guidance for adjusted EBIT,adjusted EPS due primarily to co's gross margin performance in Q1 & revised outlook for balance of fiscal year​.Campbell Soup - ‍"operating environment remains volatile with a rapidly evolving retailer landscape and competitive activity pressuring the top line​".FY earnings per share view $3.05 -- Thomson Reuters I/B/E/S.  Full Article

Campbell Soup- CEO's FY2017 compensation was $8.9 mln vs. $12.9 mln in 2016
Saturday, 7 Oct 2017 

Oct 6 (Reuters) - Campbell Soup Co :Campbell Soup Co says CEO Denise Morrison‍​'s FY 2017 total compensation was $8.9 million versus $12.9 million in FY 2016 - SEC filing.  Full Article

UPDATE 6-Campbell Soup CEO quits; company cuts forecast, to review portfolio

* Shares down 12 pct, set for worst day since 1999 (Adds reporting credit)