Tag: $Campbell Soup

Campbell’s said it has cut more than 550 jobs, or roughly 13% of its salaried workforce, as part of a cost-savings program that aims to turn around the company’s struggling operations.

Campbell’s stock rose Monday after the packaged-food company reported mixed quarterly earnings. Earnings of 48 cents a share—down sharply from 73 cents a year ago—on revenue of roughly $2.38 billion, representing a year-over-year sales decline of 3.8%.

Campbell’s Co (CPB) on Wednesday warned revised U.S. tariffs will intensify cost pressures ​in the second half of the year, after the food maker ‌cut its annual sales and profit forecasts, citing rising macroeconomic risks.

Campbell’s Co lowered its annual sales and profit forecasts on Wednesday, signaling weak demand for snacks and intense competition from cheaper private-label brands.

Dec 6 (Reuters) – Campbell Soup surpassed Wall Street expectations for quarterly profit on Wednesday, benefiting from higher prices for its packaged meals and snacks that helped offset a slowdown in demand from cost-conscious consumers.

Campbell Soup Company (CPB) said, for fiscal 2024, the company projects adjusted earnings per share in a range of $3.09 to $3.15, an increase of 3% to 5% from prior year. Organic net sales are projected to be flat to an increase of 2%.

Campbell Soup is back in the acquisition game — and this time it’s for pricier pasta sauce.