New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 19, 2014
11:27 EDTCAG, UL, CPB, KRFTCampbell Soup falls after revenues miss, guidance cut
Shares of soup and convenience food maker Campbell Soup (CPB) are falling after the company reported mixed third quarter results and lowered its fiscal 2014 outlook. WHAT'S NEW: This morning, Campbell Soup reported Q3 adjusted earnings per share of 62c and revenue of $1.97B, compared to expectations of 59c and $2.0B, respectively. The company forecast FY14 adjusted EPS at the low end of its previously issued $2.53-$2.58 range, compared to consensus of $2.53. Campbell now expects sales from continuing operations will grow approximately 3% in the current fiscal year, compared with the previous range of 4%-5%. FY14 consensus is $8.35B. Full-year growth in adjusted EBIT is expected to be at the low end of the previously forecast range of 4%-6%. The company cited a challenging consumer environment and harsh winter weather for the weak forecast. It said consumers are suffering from continued underemployment, rising fuel, home and healthcare costs, and that these factors are "significantly" affecting purchasing behavior. PRICE ACTION: In late morning trading, Campbell Soup fell $1.13, or 2.5%, to $43.99 on heavy trading volume. Including today's pull back, the stock is down nearly 8% over the past twelve months. OTHERS TO WATCH: Other companies in the packaged foods space include ConAgra Foods (CAG), Kraft Foods (KRFT) and Unilever (UL) .
News For CPB;CAG;KRFT;UL From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
August 23, 2015
19:56 EDTCAGTreeHouse in talks to buy ConAgra private label unit for $3B, NY Post says
TreeHouse Foods (THS) chairman and CEO Sam Reed privately told certain investors last week that the company is in talks to buy ConAgra's (CAG) Ralcorp private label food unit for roughly $3B, reports the New York Post, citing a source with inside knowledge. Post Holdings (POST) is also eyeing Ralcorp, sources told the publication. Reference Link
August 17, 2015
13:09 EDTCAGConAgra names Darren Serrao Chief Growth Officer
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use