Previous Close |
---|
$39.22 |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Campbell Soup shares slide 12% in early trade
Campbell Soup Co. shares fell 3.7% in Friday premarket trading after the food company cut its full-year earnings guidance and ousted its CEO. Campbell Soup had a third-quarter net loss of $393 million, or $1.31 per share, after income of $176 million, or 58 cents per share, during the same period last year. Adjusted EPS was 70 cents. Revenue totaled $2.13 billion, up from $1.85 billion, year-over-year. The FactSet consensus was for EPS of 60 cents and sales of $2.13 billion. The company is addressing its challenges, both external and "execution-related," with "renewed urgency," said Chief Financial Officer Anthony DiSilvestro in a statement. In addition to quarterly results, Campbell Soup also announced that Chief Executive Denise Morrison is retiring, effective today. The company cut its earnings guidance, and now expects 2018 adjusted EPS to fall 5% to 6% to $2.85 to $2.90, pushed down by the Snyder's Lance acquisition. The previous guidance was for an adjusted EPS decline of 1% to 3%. The FactSet consensus is for EPS of $3.11. Sales are expected to grow 10% to 11%, up from previous guidance for flat to growth of 1%, also due to the acquisition. Campbell Soup shares are down 18.5% for the year so far while the S&P 500 index is up 1.7% for the period.
Campbell Soup shares extend losses, now down 4%
Campbell Soup to discuss outcome of review with Q4 earnings in late August
Campbell Soup to conduct review of all aspects of strategic plans and portfolio composition
Campbell Soup shares down 3.2% premarket
Campbell Soup now sees FY18 sales up 10% to 11%
Campbell Soup now sees FY18 adj. EPS $$2.85 to $2.90
Campbell Soup Co. said Friday that its Denise Morrison, chief executive of the company, is retiring, effective today. She was CEO for seven years. Keith McLoughlin, a board member since 2016, will also serve as interim CEO. Chief Operating Officer Luca Mignini will focus on the core soup business and integrating the newly-acquired Snyder's Lance and Pacific Foods companies. Campbell Soup shares are down 18.5% for the year to date while the S&P 500 index is up 1.7% for the period.
Campbell Soup says Q3 gross margin was below expectations, lowers FY18 guidance
Campbell Soup Q3 sales $2.125 bln vs. $1.853 bln; FactSet consensus $2.133 bln
Campbell Soup Q3 adj. EPs 70 cents; FactSet consensus 60 cents
Campbell Soup Q3 loss per share $1.31 vs. EPS 58 cents
Campbell Soup names Keith McLoughlin interim CEO
Campbell Soup CEO Denise Morrison to retire, effective today
Campbell Soup announces CEO transition plan
Campbell Soup said Denise Morrison is stepping down immediately after seven years as CEO and that it may sell some brands after a bet on fresher foods failed to revive sales.
Campbell Soup announced the abrupt resignation of its chief executive, alongside a miserable set of quarterly results that showed clearly why she had to go.
Among the companies with shares expected to trade actively in Friday's session are PayPal, Square, CBS, Mattel, Apple and Spotify.
Citigroup’s Ed Morse doesn’t expect the high prices to last over the next 12 months.
Consumer-staples stocks have fallen 12% this year as investors once attracted to the steady payouts of companies selling goods like breakfast cereal, toothpaste and razors shop elsewhere.
U.S. companies have been bulking up on debt, introducing another wild card into markets already rattled by the recent tech selloff and the prospect of rising interest rates.
Conagra Brands the maker of Hunt’s ketchup and Slim Jim meat snacks, said it expects a higher annual profit this year despite rising costs for ingredients and shipping.
Shares of General Mills and other food makers were slammed after the company warned of higher costs.
General Mills will raise prices on some of its packaged foods—despite intensifying grocery-store competition—as higher ingredient and shipping costs cut into profitability. The company’s shares fell 9% after its earnings report.
Campbell Soup Co chief executive officer Denise Morrison has been criticized for agreeing to buy snack maker Snyder’s-Lance back in December. Since then, though, rival Frito-Lay has seen snarled deliveries in the nation's biggest city, giving Snyder's an opportunity.
Thousands of food-company executives, retail giants and potential investors are gathering in California this week to answer an increasingly elusive question: What’s the next eating trend?
Some manufacturers will feel the pinch. Others, like steel and aluminum producers, may prosper. Few will thrive if a trade war develops.
Recently marked down, the shares of Campbell Soup, Altria, and Molson Coors have potential.
Why did Trump choose to push ahead with tariffs now, with daily news of upheavals in the administration and the markets acting precariously?
The cereal and ice cream maker needs to shift to protein and is buying Blue Buffalo Pet Products, a purveyor of high-protein, natural pet foods, to do it.
Campbell Soup said Denise Morrison is stepping down immediately after seven years as CEO and that it may sell some brands after a bet on fresher foods failed to revive sales.
Campbell Soup announced the abrupt resignation of its chief executive, alongside a miserable set of quarterly results that showed clearly why she had to go.
Campbell Soup Co. (NYSE: CPB) released its most recent earnings before the markets opened on Friday, as well as some news that was hard for investors to swallow. Despite results meeting and beating expectations, shares slumped following the announcement that the CEO would be abruptly leaving the company.
Packaged food stocks follow Campbell Soup lower
Campbell Soup (CPB) reported third-quarter fiscal 2018 adjusted earnings of 70 cents per share that outpaced the Zacks Consensus Estimate of 60 cents.
Campbell Soup lower by 5% after results, CEO exit
Flowers Foods' adjusted EPS of $0.30 missed estimates of $0.31. However, sales of $1.21 billion marginally beat estimates of $1.20 billion.
IMF May Buys: The 14 Stocks Added To My Fund
In a report released yesterday, Robert Moskow from Credit Suisse maintained a Hold rating on ...[...]
Ray Dalio Buys Warren Buffett’s DaVita, Biogen, Walt Disney in 1st Quarter
Walmart (WMT) is expected to announce its fiscal first-quarter 2019 results on May 17. Its revenue is expected to grow 2.5% YoY to $120.4 billion.
My IMF Portfolio: April Performance Review
About 47.0% of the analysts covering Campbell Soup (CPB) maintained a “hold” recommendation on its stock.
Analysts expect Campbell Soup to report adjusted EPS of $0.61, up 3.4% on a year-over-year basis.
Campbell Soup’s management lowered its EBIT guidance for fiscal 2018 as higher input and logistics costs are expected to lower its operating income.
Campbell Soup’s sales in the Americas Simple Meals and Beverages segment is projected to decline in fiscal 3Q18.
Should you buy stock in Applied Materials Inc., Comcast, Campbell Soup Company, NVIDIA or Zynga?
Campbell Soup Company to Host Earnings Call
Campbell Soup Company Announces CEO Transition Plan
Global Ketchup Market Growth Opportunities: Kensington and Sons, Nestle India, Kraft Heinz
CNO Financial Group Names New Chairman of the Board and Announces Increase to Quarterly Dividend and Results of Annual Shareholders Meeting
Campbell Named to 100 Best Corporate Citizens List
Campbell Soup Company Announces the Webcast of Its Third-Quarter Fiscal 2018 Results
Campbell Soup Company Announces the Webcast of Its Third-Quarter Fiscal 2018 Results
Global microwavable foods market growth to be driven by increasing number of working populace
Campbell Celebrates “Take Your Kids to Work Day” with Grand Opening of New Family Center at Its World Headquarters
Pre-Market Technical Scan on Processed & Packaged Goods Equities -- B&G Foods, Campbell Soup, Conagra Brands, and Flowers Foods
Snyder's of Hanover Introduces Five New Products for 2018
Global Ketchup Market Competitive landscape: Kraft Heinz, Kensington and Sons, Red Duck Foods
Lyons Magnus Appoints Veteran Food Manufacturing Industry Executive, Ed Carolan, as Chief Executive Officer
Largest Asian Corporate Directors Summit Scheduled in San Francisco, CA
Free Research Report as Campbell Soup's Adjusted EPS Jumped 10% and Beat Expectations
Organic Baby Food Market 2018: Global Key Players, Trends, Sale, Demand, Segmentation, Opportunities, Forecast To 2025
The global pasta and noodles market is anticipated to reach USD 81.7 billion by 2025
Snyder's-Lance, Inc. Receives Shareholder Approval for Proposed Acquisition by Campbell Soup Company
United States : Campbell Soup Company $5.3 Billion Senior Notes Offering
Campbell Soup Co. engages in manufacturing and marketing of convenience food products such as soup, simple meals, snacks, and healthy beverages. It operates through the following segments: Americas Simple Meals and Beverages; Global Biscuits and Snacks; and Campbell Fresh. The Americas Simple Meals and Beverages segment includes the retail and food service businesses in the U.S., Canada and Latin America. The Global Biscuits and Snacks segment includes Pepperidge Farm cookies, crackers, bakery and frozen products in U.S. retail, Arnott's biscuits in Australia and Asia Pacific, and Kelsen cookies globally. The Campbell Fresh segment includes Bolthouse Farms fresh carrots, carrot ingredients, refrigerated beverages and refrigerated salad dressings, Garden Fresh Gourmet salsa, hummus, dips and tortilla chips, and the U.S. refrigerated soup business. The company was founded on November 23, 1922 and is headquartered in Camden, NJ. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Hain Celestial Group Inc. | $2.92B | |
Unilever PLC ADR | $67.91B | |
Conagra Brands Inc. | $14.84B | |
Tyson Foods Inc. Cl A | $24.75B | |
Flowers Foods Inc. | $4.12B |