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Campbell Soup Co (CPB.N)

CPB.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Campbell Soup Reports Q3 Earnings Per Share $0.28
Wednesday, 5 Jun 2019 

June 5 (Reuters) - Campbell Soup Co ::CAMPBELL REPORTS THIRD-QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $0.56 FROM CONTINUING OPERATIONS EXCLUDING ITEMS.Q3 EARNINGS PER SHARE $0.28.Q3 EARNINGS PER SHARE ESTIMATE $0.47 -- REFINITIV IBES DATA.Q3 EARNINGS PER SHARE $0.43 FROM CONTINUING OPERATIONS.CAMPBELL UPDATES FISCAL 2019 GUIDANCE TO REFLECT IMPROVED EPS OUTLOOK AND DIVESTITURES.CAMPBELL FRESH SEGMENT REPORTED AS DISCONTINUED OPERATIONS."OUR RESULTS THIS QUARTER WERE AHEAD OF OUR EXPECTATIONS".QTRLY SALES OF U.S. SOUP WERE COMPARABLE TO PRIOR YEAR.IN Q3 OF FISCAL 2019, CAMPBELL ACHIEVED $55 MILLION IN SAVINGS UNDER ITS MULTI-YEAR COST SAVINGS PROGRAM.MEALS AND BEVERAGES SALES IN QUARTER DECREASED 1 PERCENT TO $1.024 BILLION.FOR CONTINUING OPERATIONS, CAMPBELL IS TARGETING CUMULATIVE ANNUALIZED SAVINGS OF $850 MILLION BY END OF FISCAL 2022.SEES 2019 NET SALES $9,075 TO $9,125 MILLION.MEALS AND BEVERAGES SEGMENT BUSINESS IS SHOWING SIGNS OF STABILIZATION.SEES 2019 ADJUSTED NET EPS & ADJUSTED EPS FROM CONTINUING OPERATIONS $2.50-$2.55."IN MEALS AND BEVERAGES SEGMENT, ALTHOUGH THERE IS MORE TO DO, WE ARE MAKING STEADY IMPROVEMENTS ON GROSS MARGIN AND PROFIT".QTRLY TOTAL COMBINED COMPANY COMBINED NET SALES $2,388 MILLION, UP 12%.Q3 EARNINGS PER SHARE VIEW $0.47, REVENUE VIEW $2.37 BILLION -- REFINITIV IBES DATA.  Full Article

Mondelez Efforts To Buy Arnott's In Doubt As Talks With Campbell Stalemate - CNBC
Sunday, 7 Apr 2019 

April 6 (Reuters) - :MONDELEZ EFFORTS TO BUY ARNOTT'S IN DOUBT AS TALKS WITH CAMPBELL STALEMATE - CNBC, CITING SOURCES.  Full Article

Campbell Says Mark Clouse's Base Salary As CEO Set At $1 Mln Per Year
Saturday, 22 Dec 2018 

Dec 21 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - MARK A. CLOUSE BASE SALARY AS CEO, PRESIDENT SET AT $1 MILLION PER YEAR.CAMPBELL SOUP CO - ON DEC 20, 2018, BOARD ADOPTED A RESOLUTION TO INCREASE ITS SIZE TO 15 DIRECTORS.CAMPBELL SOUP CO - CLOUSE TO RECEIVE TARGET LONG-TERM INCENTIVE AWARD FOR FISCAL 2019 OF $5 MILLION ON JANUARY 22, 2019 - SEC FILING.  Full Article

Campbell comments on Glass Lewis report
Thursday, 15 Nov 2018 

Nov 15 (Reuters) - Campbell Soup Co ::CAMPBELL COMMENTS ON GLASS LEWIS REPORT.CAMPBELL SOUP CO - "LARGELY AGREES" WITH VIEWS OUTLINED BY GLASS LEWIS IN ITS REPORT.  Full Article

Campbell Soup Says Annual Meeting Will Proceed As Planned On Nov. 29
Friday, 2 Nov 2018 

Nov 2 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ANNUAL MEETING WILL PROCEED AS PLANNED ON NOV. 29, 2018.CAMPBELL SOUP CO - ISSUES STATEMENT ON COURT'S FAVORABLE RULING IN THIRD POINT LITIGATION.  Full Article

Third Point Calls On Campbell Soup Co's Board Of Directors To Allow Shareholders To Have A Voice In CEO Search
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Third Point Offshore Investors Ltd ::THIRD POINT CALLS ON CAMPBELL SOUP COMPANY’S BOARD OF DIRECTORS TO ALLOW SHAREHOLDERS TO HAVE A VOICE IN CEO SEARCH.THIRD POINT LLC SAYS URGES CAMPBELL SOUP SHAREHOLDERS TO VOTE WHITE PROXY CARD TO ELECT INDEPENDENT SLATE.THIRD POINT LLC - BELIEVES EXISTING BOARD SHOULD NOT BE CHARGED WITH RUNNING CEO SEARCH AT THIS TIME.  Full Article

Campbell Soup Expects To Select Next CEO By Calendar Year-end
Wednesday, 10 Oct 2018 

Oct 10 (Reuters) - Campbell Soup Co ::SAYS EXPECTS TO SELECT NEXT CEO BY END OF CALENDAR YEAR.SAYS FOR CEO ROLE, "HAS BEEN EXAMINING QUALIFIED CANDIDATES WHO POSSESS A TRACK RECORD OF PROVEN RESULTS AND ACHIEVEMENT FOR MONTHS".  Full Article

Third Point LLC Says Third Point Entities Purchased Additional 1.0 Mln Shares Of Campbell Soup Capital Stock
Tuesday, 2 Oct 2018 

Oct 1 (Reuters) - Campbell Soup Co ::THIRD POINT LLC SAY ON SEPTEMBER 28, THIRD POINT ENTITIES PURCHASED ADDITIONAL 1.0 MILLION SHARES OF CAMPBELL SOUP CAPITAL STOCK - SEC FILING.  Full Article

Third Point Has Built Campbell Soup Stake Worth More Than $300 Million - WSJ
Wednesday, 1 Aug 2018 

July 31 (Reuters) - :THIRD POINT HAS BUILT CAMPBELL SOUP STAKE WORTH MORE THAN $300 MILLION, STAKE AMOUNTS TO MORE THAN 2.5% OF CAMPBELL’S STOCK - WSJ, CITING SOURCES.  Full Article

Campbell Soup Declares Quarterly Dividend Of $0.35 Per Share​
Thursday, 22 Mar 2018 

March 21 (Reuters) - Campbell Soup Co ::CAMPBELL SOUP CO - ‍DECLARED A REGULAR QUARTERLY DIVIDEND ON CAMPBELL'S CAPITAL STOCK OF $0.35 PER SHARE​.  Full Article

UPDATE 1-Campbell Soup raises profit outlook after quarterly results beat estimates

June 5 U.S. food company Campbell Soup Co raised its full-year profit forecast after reporting better-than-expected quarterly earnings, boosted by higher demand for its snack brands, including Pepperidge Farm and Goldfish.