The Campbell's Company (CPB)
Is Campbell Soup Stock a Buy or Hold at a P/E Multiple of 14.7X?
CPB's focus on innovation, portfolio reshaping and maintaining affordability positions it well for growth. Yet, cost inflation and Snacks unit hurdles remain.
Campbell Soup: Hard To Believe Long-Term Growth Targets Can Be Achieved
I recommend a neutral rating for Campbell Soup Company due to skepticism about its ability to achieve long-term growth targets amid tough macro conditions. CPB's 2Q24 earnings missed consensus estimates in sales, gross profit, and EBIT, but net income beat estimates due to lower interest expenses and a better tax rate. Management's long-term growth targets for Meals & Beverages and Snacks seem overly optimistic given historical performance and intensifying competition in the industry.
Campbell Soup's New Vision: What's Next After Investor Day?
CPB unveils a new growth strategy during Investor Day, focusing on accelerating growth and setting industry standards.
Campbell Soup to make historic name change
Campbell Soup plans to change its name after 155 years in business as it transitions its portfolio to include more products, the company said on Tuesday.
Campbell Soup dropping ‘soup' in name — here's why
Campbell's was the first to sell canned soup more than a century ago. The company's cans later were featured in iconic pop art by Andy Warhol.
Campbell Soup dropping 'soup' in name to become 'The Campbell's Company'
Campbell Soup is dropping "soup" from its name to become "The Campbell's Company," CEO Mark Clouse said on Tuesday, a pivot symbolizing the company's shift to other packaged food such as jarred sauces like Rao's and Goldfish snacks.
Don't Overlook Campbell Soup: Here's What Could Drive Its Stock
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 projects annual sales growth above expectations
Campbell Soup Company (NYSE:CPB) projected annual sales growth exceeding Wall Street estimates, driven by recent price hikes and strong demand for its soups and ready-to-eat meals. The company forecasts annual sales growth between 9% and 11% for fiscal 2025, exceeding Wall Street's expectation of an 8.92% increase.
Campbell Soup's Q4 Earnings Top Estimates, Organic Sales Dip
Campbell Soup's Q4 results reflect gains from the Sovos Brands buyout and supply-chain productivity. CPB's organic sales fall due to adverse net price realization.
Campbell Soup Company (CPB) Q4 2024 Earnings Call Transcript
Campbell Soup Company (NASDAQ:CPB ) Q4 2024 Earnings Conference Call August 29, 2024 8:00 AM ET Company Participants Rebecca Gardy - Chief IR Officer Mark Clouse - CEO Carrie Anderson - CFO Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Peter Galbo - Bank of America Michael Lavery - Piper Sandler Jim Salera - Stephens Operator Greetings, ladies and gentlemen, and welcome to the Campbell Soup Company Fourth Quarter Fiscal 2024 Earnings Conference Call. [Operator Instructions] As a reminder, this conference call is being recorded.
Compared to Estimates, Campbell (CPB) Q4 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Campbell (CPB) give a sense of how the business performed in the quarter ended July 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Campbell Soup (CPB) Beats Q4 Earnings Estimates
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.
