BottomBounce
7月前
Campbell's Co NASDAQ: $CPB "🚨BREAKING: Campbell Soup’s VP and Chief Information Security Officer, Martin Bally, was secretly recorded saying the company uses bioengineered meat, their products aren’t healthy, and that it’s mostly poor people who buy them.
"We have xxx for xxx poor people. Who buys our xxx? I don’t buy Campbell’s products barely anymore. It’s not healthy now that I know what the xxxx in it. Bioengineered meat! I don’t wanna eat a xxxpiece of chicken that came from a 3-D printer."" 🚨BREAKING: Campbell Soup’s VP and Chief Information Security Officer, Martin Bally, was secretly recorded saying the company uses bioengineered meat, their products aren’t healthy, and that it’s mostly poor people who buy them.
"We have shit for fucking poor people. Who buys… pic.twitter.com/zSUPlDyGoU— I Meme Therefore I Am 🇺🇸 (@ImMeme0) November 24, 2025
barnyarddog
2年前
20 Biggest Snack Companies in the World
March 14, 2024
https://www.insidermonkey.com/blog/20-biggest-snack-companies-in-the-world-1274317/
12. Campbell Soup Company (NYSE:CPB)
Market Capitalization: $12.5 billion
12th on our list of Biggest Snack Companies in the World is Campbell Soup Company. As one of the largest snack companies globally, Campbell Soup Company (NYSE:CPB), known as Campbell’s, offers a diverse range of snack products including Goldfish®, Pepperidge Farm® Cookies, Pace® Salsa & Sauces, Kettle Brand, Milano Cookies, Archway, Pretzel Crisps®, Cape Cod®, and Snyder’s of Hanover.
In the quarter ending January 31, 2024, Campbell Soup Company (NYSE:CPB) recorded a gross profit of $776 million, marking a 2.24% year-over-year increase. The annual gross profit for the twelve months ending January 31, 2024, totaled $2.888 billion, reflecting a 2.09% increase from the previous year. In 2023, their annual gross profit reached $2.917 billion, showing an 11.04% increase from 2022.
slimhere
5年前
Clouse mentioned different contracts with suppliers, wonder if they have their hands in the wrong cookie jar from time to time, KFT got caught, made millions and get a tiny little fine, Old Gensler sure is cleaning things up. The Old Boy system is never going to stop!
WASHINGTON (Reuters) - The Kraft Heinz Company and two former executives will pay penalties of more than $62 million to settle charges they falsified supplier contracts to achieve cost savings, the U.S. securities regulator said on Friday.
The Securities and Exchange Commission (SEC) alleged that the consumer products giant engaged in an array of accounting misconduct from the last quarter of 2015 to the end of 2018 during which it improperly inflated key earnings for investors.
Kraft restated its financials in June 2019 after the launch of an SEC probe, correcting $208 million in improperly recognized cost savings from nearly 300 transactions, the regulator said in a statement.
Kraft, which did not admit or deny the SEC's findings, did not respond immediately to a request for comment. The company agreed to pay a $62 million civil penalty and not commit future violations as part of its agreement with the SEC.
The company's former chief operating officer Eduardo Pelleissone, who was accused of negligence-based anti-fraud and other controls violations, agreed to pay a penalty of $300,000 and another $14,000 in disgorgement.
Kraft's former chief procurement officer Klaus Hofmann agreed to pay $100,000 and was barred from serving as a public company officer or director for five years in a settlement that is pending court approval.
Neither executive admitted or denied the SEC's findings. Lawyers for both did not respond immediately to requests for comment.
slimhere
5年前
Smart move, people are still going to eat, regardless of what Piper Sandler things, plus more soup in winter season. CPB is hurt by Biden's free money policy, when the checks come, employees that time off. Earning are next week, I'm going to be coming into some money next week, I'm buying more, too.
Campbell Soup Cut to Neutral From Overweight by Piper Sandler
6:19 am ET August 25, 2021 (Dow Jones) Print
slimhere
5年前
K has been fairly steady, POST jumped when this was announced, I think. I own K, not POST, I like CPB's CEO, however he blamed the winter storm closing the plant in TX in two different quarters, WS didn't like his BS, they spanked the stock. I'd be buying CPB if I had extra money.
Post Holdings Reports Plan To Distribute Interest In BellRing Brands To Co. Shareholders, No Terms Disclosed
5:02 pm ET August 5, 2021 (Benzinga) Print
Post Holdings, Inc. (NYSE:POST), a consumer packaged goods holding company, today announced it plans to distribute a significant portion of its interest in BellRing Brands, Inc. (“BellRing”) to shareholders of Post.
Post currently beneficially owns 71.2% of BellRing through its ownership of 97.5 million of the 137.0 million non-voting membership units of BellRing Brands, LLC (“BellRing LLC”), which Post may redeem for shares of BellRing Class A common stock at a redemption ratio of one share of Class A common stock for one BellRing LLC unit. Post expects to distribute its BellRing interest to Post shareholders under a plan of distribution that could include a pro-rata distribution, an exchange offer or a combination of both. Post expects to determine the form of distribution based on market conditions. Post currently contemplates retaining less than 19.5 million of its BellRing LLC units, which it ultimately expects to exchange for existing debt of Post. At the transaction closing, Post expects BellRing to distribute a special cash dividend to all BellRing stockholders, including Post. The special cash dividend would be financed by debt financing transactions to be consummated in connection with the distribution. Post intends to use the net proceeds from the special cash dividend to pay down debt.
Completion of this transaction will unlock meaningful value, give Post shareholders direct ownership of BellRing and provide BellRing with increased strategic flexibility and enhanced trading liquidity. The transaction will be governed by definitive agreements to be entered into between Post and BellRing and is expected to be completed in the first half of calendar year 2022, subject to certain customary conditions, including receipt of regulatory approvals and the approval of BellRing’s stockholders.
Post expects that upon completion of the transaction, Robert V. Vitale would remain Executive Chairman of BellRing and Darcy H. Davenport would remain President and CEO of BellRing.
Post expects to provide further details regarding this transaction as progress is made in implementing its plan.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Nebuchadnezzar
5年前
yes, well most of them. They beat them up last week and a little bit this week.
I sold my WMT position, didnt really want to but the chart looks toppy, hopefully they will dump it to $145 again before next earnings
GO got hit hard, added there
KR finally getting some respect
CAG--yawn
kind of irritated, I sold PFE at $41 thinking that was a good exit, then it runs to $48?? no manipulation at all there
slimhere
5年前
CPB's CEO was real pissed last earnings report, he was on CNBC telling all that his guidance was bullish and the market isn't hearing him.
CPB had 13% short, no clue where those shares came from, Campbell family still owns a ton of shares, as do the toots.
IMO, shorts are covering (for a profit) today and will re-short after Wednesday's earnings. This is all BS that shouldn't happen, yet it does.
slimhere
5年前
Our response to the COVID-19 pandemic starts with the health and safety of our employees and their families. We also know that our retailers, consumers and communities are depending on us for food.
Here’s how we’re working across our business to make it happen:
Protecting our employees
We have protocols in place to address the health and safety of our employees against COVID-19, including health assessments, quarantines and enhanced cleaning procedures at our facilities. For example, each day, we conduct health screenings of all employees entering our buildings, including temperature checks. Learn more about what we’re doing to protect our employees.
Stepped up support for our team on the front lines
We know our employees on the front lines are doing mission critical work to provide food during the COVID-19 pandemic. In March we announced expanded support for these teams.
Ensuring food is readily available: The strength of our supply chain
As demand for our food has increased, our supply chain teams quickly stepped up to adapt production schedules, increase manufacturing and adjust the variety of products produced. As a result, we’re able to produce more food, faster.
Learn how our supply chain team is meeting the need for food right now.
Hiring to meet increased demand
We’re hiring to meet the increased demand. Find open jobs in our manufacturing and distribution centers across the country, and apply to join the Campbell team.
Helping the communities we call home
We have contributed over $8 million in cash and food to organizations across North America. Through this commitment, we can provide direct financial support to local food banks, pantries, or community organizations. We began distributing funds and/or food to organizations in March.
To help get food to communities in hard-to-reach locations, our Camden neighbors, NFI Industries, volunteered to transport product donations.
We checked in with a few of our community partners to hear how they are adapting their operations as a result of the crisis.
The Campbell Soup Foundation awarded 35 Community Impact Grants, totaling $620,000, to support the work of our community partners to increase food access, encourage healthy living and nurture our hometowns.
To honor Mother’s Day, Plum Organics, our baby food brand dedicated to delivering nourishing, organic food to little ones, worked with their community partners to give back — and to honor moms everywhere.
Our CEO Mark Clouse on our mission to serve
“The most important thing to know right now is that everything we do starts with the health and safety of our teams and their families. However, the mission can’t end there. We have an incredibly important role to play in this crisis and in our communities, providing food.” – Campbell’s President and CEO Mark Clouse
Watch Mark’s interviews on CNBC’s “Closing Bell” in March, “Mad Money” in April, and ABC News “What You Need to Know” in May, about our response to COVID-19.
Food safety: Ensuring our products are safe
COVID-19 is not considered a food safety concern, and consumers are at no risk of contracting the coronavirus from any food product. The CDC and the USDA state that there is no evidence to support transmission of COVID-19 as a foodborne pathogen and the FDA is not aware of any reports of transmission through food or food packaging. We will continue to comply with all requirements and guidelines regarding sourcing and trade of material set by the relevant authorities.
We all want a house with a crowded table
Share the feeling of comfort and togetherness our food brings to homes across North America—even when we have to be apart.
Here’s to being together, until we’re together again. Watch our video.
Our road to office re-entry
Our primary focus is the well-being and safety of our teams. As we plan for the eventual re-entry of our employees at office-based locations around the country, we are taking a pragmatic and thoughtful approach and carefully considering every step to get people back to the office safely.
Office-based employees with school-aged children will be able to work remotely through the remainder of the 2020/2021 school year.
We’ll continue working to support our employees, consumers and communities during this pandemic. Learn more about our overall response to COVID-19.
slimhere
5年前
I agree, but I also never thought S/p would be the same as it was last year. We'll see if this changes that, Old Mark wasn't happy after last quarter's price drop, it wouldn't surprise me if we get another increase in the dividend to send a message. Like I said, we'll see soon.
February 24, 2021 at 8:30 AM EST
Campbell Soup Company to Report Second-Quarter Fiscal 2021 Results on March 10, 2021
PDF Version
CAMDEN, N.J.--(BUSINESS WIRE)--Feb. 24, 2021-- Campbell Soup Company (NYSE:CPB) today announced that it will report its second-quarter fiscal 2021 financial results on March 10, 2021.
Mark Clouse, President and Chief Executive Officer, and Mick Beekhuizen, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company’s second-quarter fiscal 2021 earnings press release will be distributed prior to the call.
All interested parties are invited to listen to and view the webcast at 8:00 a.m. ET at www.investor.campbellsoupcompany.com. Following the company's remarks, the conference call will include a question-and-answer session with the investment community. Participation by the press in the Q&A session is in listen-only mode. A copy of the presentation will be made available following the webcast.
Call-in details for the webcast are as follows:
Time/Date: Wednesday, March 10, 2021, at 8:00 a.m. ET
Dial-in number: 1 (703) 639-1316
Conference ID: 8366876
A transcript of the conference call will be posted on the company’s website within 24 hours of the event. A replay of the call will be available from approximately 11:00 a.m. ET on March 10, 2021, through 11:59 p.m. ET, March 24, 2021, by dialing +1 (404) 537-3406, access code: 8366876.
About Campbell Soup Company
Campbell (NYSE: CPB) is driven and inspired by our purpose, “Real food that matters for life’s moments.” For generations, people have trusted Campbell to provide authentic, flavorful and affordable snacks, soups and simple meals, and beverages. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard and Poor’s 500 and the FTSE4Good Index. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210224005264/en/
Investor Contact:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
Media Contact:
Thomas Hushen
(856) 342-5227
Thomas_Hushen@campbells.com
Source: Campbell Soup Company
ISS
slimhere
5年前
Hard to believe we are nearly at a yearly low. Can't wait for earnings!
Campbell Soup may not pop into your head as a flashy, popular stock, but in times of a pandemic, soup is indeed “good food,” to reference the venerable brand’s tag line. The brand has benefited from the combination of its long shelf life, its ease of use and its comforting properties.
The company’s most recent earnings release on Sept. 3 reflected a fourth-quarter net sales increase of 18% and a year-over-year adjusted earnings jump of 50%.
The stock had a good run from March 1 through late August, gaining about 18%. In the last few weeks, some profit-taking has hit the stock, which now trades about even on the year. Holders continue to benefit from the dividend, which pays over 3% annually.
slimhere
5年前
Soc, did you happen to see Kraft this week, we'll have to wait our turn, but March 2nd isn't that far away. Kraft was on CNBC telling everyone that people are eating at home, plus they will continue to do so, yet, Campbell's slowly weeps!
slimhere
6年前
Kraft beat, I listened to the call. As Clouse had also said, families are eating at home and are going to continue to do so, even after the virus.
Kraft Heinz Signals the Great Grocery Boom Isn't Over -- Heard on the Street
11:04 am ET October 29, 2020 (Dow Jones) Print
By Aaron Back
Big food stocks have declined along with everything else as coronavirus fears have rebounded in the U.S. and Europe. But strong results from Kraft Heinz and Kellogg on Thursday serve as a reminder that this makes little sense.
At Wednesday's close, the two food giants had shed 6.9% and 6.4% of their value over three sessions, respectively, compared with 5.6% for the S&P 500. Both companies reported sales and earnings ahead of expectations Thursday, sending their shares higher.
Kraft Heinz said its third-quarter organic sales, which strip out the effects of currency movements, acquisitions and divestitures, rose 6.3% from a year earlier. It also raised the full-year guidance that it gave as recently as its investor day on Sept. 15. Kraft Heinz said then that it expected "mid-single-digit" growth in adjusted earnings before interest, taxes, depreciation and amortization for the full year. It now says this is set to be in the high single digits.
Similarly, Kellogg reported organic net sales growth of 4.5% and said that its adjusted operating profit should rise 2% this year, having earlier forecast a slight decline.
On a conference call with analysts, Kraft Heinz Chief Financial Officer Paulo Basilio said the company logged an acceleration in retail sales starting in the second half of September. While he didn't cite it specifically, this was likely at least in part due to renewed pantry stocking by consumers ahead of a rising tide of coronavirus infections. Now that the dreaded fall wave has arrived, home food sales are likely to stay elevated.
Importantly for Kraft Heinz, the company is starting to put its money where its mouth has been. New Chief Executive Miguel Patricio has been insistent that he understands the mistakes previous management made by under-investing in brands and focusing excessively on near-term profits. Now the company says it is leaning into the at-home eating surge, boosting its marketing investment in the second half of this year by 70% from the first half and also stepping up spending on capacity expansion.
Kellogg shares aren't exactly cheap at 16 times forward earnings, according to FactSet. But Kraft Heinz is trading at just under 12 times, compared with a rather pricey 20.6 times for the S&P 500. With the company getting its act together just as food sales are set to catch a second wave, it might finally be time to get back into Kraft Heinz.
(END) Dow Jones Newswires
slimhere
6年前
August 20, 2020 at 8:30 AM EDT
Campbell to Release Fourth-Quarter and Full-Year Fiscal 2020 Results on Sept. 3, 2020
PDF Version
CAMDEN, N.J.--(BUSINESS WIRE)--Aug. 20, 2020-- Campbell Soup Company (NYSE:CPB) today announced that it will release its fourth-quarter and full-year fiscal 2020 financial results on Sept. 3, 2020, at approximately 7:00 a.m. ET.
In addition to a press release, Campbell will post the pre-recorded management remarks and related presentation at approximately 7:15 a.m. ET. The materials will be available at investor.campbellsoupcompany.com.
A 30-minute live question and answer session for analysts with Mark Clouse, Chief Executive Officer, and Mick Beekhuizen, Chief Financial Officer, will begin at 8:30 a.m. ET.
The Q&A session can be accessed via webcast at investor.campbellsoupcompany.com/events-and-presentations and by telephone: U.S. and International: +1 (703) 639-1316, access code: 6497776.
For those unable to participate in the Q&A session, a replay will be available at the above website approximately two hours after the conclusion of the call. The replay will also be available from approx. 11:30 a.m. ET on Sept. 3, 2020, through 11:59 p.m. ET, Sept. 17, 2020, by dialing +1 (404) 537-3406, access code: 6497776.
Campbell intends to use its investor relations website to make announcements of material financial and other information. Investors and other interested persons are encouraged to regularly check the website for such information. Campbell also will, from time to time, disclose this information through press releases, filings furnished or filed with the Securities and Exchange Commission, conference calls and/or webcasts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200820005128/en/
Investor Contact:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
Media Contact:
Thomas Hushen
(856) 342-5227
Thomas_Hushen@campbells.com
Source: Campbell Soup Company
slimhere
6年前
I was wrong, the didn't increase the dividend. Poo Hoo
June 24, 2020 at 6:15 PM EDT
Campbell Declares Quarterly Dividend
CAMDEN, N.J.--(BUSINESS WIRE)--Jun. 24, 2020-- The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.35 per share. The quarterly dividend is payable Aug. 3, 2020 to shareholders of record at the close of business July 15, 2020.
About Campbell Soup Company
Campbell (NYSE:CPB) is driven and inspired by our purpose, "Real food that matters for life's moments." For generations, people have trusted Campbell to provide authentic, flavorful and affordable snacks, soups and simple meals, and beverages. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet's natural resources. The company is a member of the Standard and Poor's 500 and the FTSE4Good Index. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200624005859/en/
Investor Contact:
Rebecca Gardy
(856) 342-6081
Rebecca_Gardy@campbells.com
Media Contact:
Thomas Hushen
(856) 342-5227
Thomas_Hushen@campbells.com
Source: Campbell Soup Compan
slimhere
6年前
Teresa strikes again:
Campbell Soup and Conagra Will Benefit From People Eating at Home More, Jefferies Says -- Barrons.com
11:30 am ET June 22, 2020 (Dow Jones) Print
By Teresa Rivas
Campbell Soup and Conagra Brands are rising on a mixed day for the market, thanks to an upgrade from Jefferies, which argues that consumer habits have changed, to the benefit of the packaged food companies.
Analyst Rob Dickerson lifted his rating on Campbell (CPB) and Conagra (CAG) to Buy from Hold, with price targets of $59 and $41 on their respective stocks. He writes that he is increasingly confident that consumers will continue to eat more at home, even as coronavirus-related lockdowns ease, and that Campbell and Conagra are among the best positioned companies in a "higher-for-longer at-home food consumption" scenario, while also trading cheaply.
While packaged food as a whole has benefited from Covid-19, and Campbell and Conagra have edged up 0.2% and 0.1% year to date (enough to outpace the S&P 500's more than 4% decline in 2020), many investors worry that the good times won't last. After all, we've seen plenty of headlines about how consumers are happily back to munching at their favorite restaurants as more states reopen ahead of summer.
Yet Dickerson's research shows that many people will continue to eat more at home than they did pre-pandemic, even as stay-at-home orders are lifted, as some have lost their jobs and need to economize, while others are working remotely, where it isn't as convenient to treat themselves to lunch.
This is recent data, and it comes even with restaurant openings: "Almost half of those surveyed plan to eat at restaurants less post-Covid, while the majority stated that they are cooking at home more now and ordering delivery/takeout less versus two weeks ago."
That makes him confident that Campbell and Conagra will see a longer-term benefit than some bears thought. That also leads him to upgrade McCormick (MKC), albeit to Hold, as he is still wary of the stock's valuation.
Conagra was up 2.2%, to $34.29 Monday morning, while Campbell was up 0.8%, to $49.52. Barron's has made much the same argument in recent weeks, that packaged food stocks like Campbell and Conaga, have more room to run in the current environment, while the outlook for restaurants, while improving, could be less robust than some bulls believe.
Write to Teresa Rivas at teresa.rivas@barrons.com
Clearly Ms Rivas is more in agreement with me than my wife.
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