Campbell Soup Stock News

CAMDEN, N.J.--(BUSINESS WIRE)--The Full Futures partnership is celebrating three years of positive impact on school nutrition. Launched in 2021 by The Campbell's Company (Campbell's) and public, private and nonprofit partners including lead partner Alliance for a Healthier Generation, Full Futures is an initiative to foster a school nutrition environment that ensures all students are well-nouri...

The Collaboration Reinvents a Classic by Bringing Together Spritz Society's Award-Winning Taste with V8's Classic Tomato Flavor NEW YORK , Dec. 12, 2024 /PRNewswire/ -- Spritz Society, the award-winning sparkling cocktail brand, has partnered with V8®, the original plant-powered drink, to develop a first-of-its-kind Bloody Mary Spritz. Combining Spritz Society's passion for high-quality, conven...

SALISBURY, N.C. and CAMDEN, N.J.

The Campbell's Co. NASDAQ: CPB recently changed its name from Campbell Soup Co. in November 2024. The new name better describes the consumer staples sector leader's diverse portfolio of brands.

Consumer staples stocks offer a lot for income investors. They aren't flashy, they don't grow robustly, but their blue-chip businesses are entrenched and produce cash flow that stands the test of time.

I recommend a hold rating for Campbell's due to weak organic growth and inability to meet long-term targets. CPB's recent earnings report showed mixed results, with revenue and gross profit missing expectations, and organic growth declining in key segments. The departure of the CEO further diminishes confidence in CPB's ability to achieve its long-term guidance and manage competitive pressures.

The entire food industry now faces a difficult environment with several pitfalls ahead, many of them potentially emanating from the Trump administration.

Campbell's shares have underperformed, gaining just 5% in the past year, with disappointing quarterly results and a CEO departure adding uncertainty. Revenue rose 10% due to the Sovos Brands acquisition, but organic net sales fell 1%, and margins compressed, limiting earnings growth. CPB faces margin pressure from rising input costs and sluggish core growth, with debt-funded M&A adding financia...