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News Breaks
November 20, 2012
07:34 EDTCPBCampbell Soup says to incur pre-tax costs of $115M from restructuring
On Sept. 27, Campbell announced a program to improve its U.S. supply chain cost structure and increase asset utilization across its U.S. thermal plant network. This initiative includes plans to close the company’s South Plainfield spice plant by March 2013 and its Sacramento plant by July 2013. In the aggregate, the company expects to incur pre-tax costs of approximately $115M, most of which will be incurred in FY13. In Q1, Campbell recorded pre-tax costs of $43M, $27M after tax or 9c per share, related to these initiatives.
News For CPB From The Last 14 Days
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September 8, 2014
16:18 EDTCPBOn The Fly: Closing Wrap
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09:39 EDTCPBCampbell Soup continues to evaluate M&A targets
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09:12 EDTCPBOn The Fly: Pre-market Movers
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09:07 EDTCPBCampbell Soup sees stronger performance in Q1 than Q2 in FY15
Sees FY15 gross margin percentage "comparable" y/y.
08:48 EDTCPBCampbell Soup says long-term growth targets 'achievable'
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07:24 EDTCPBCampbell Soup likely not an acquisition target, WSJ reports
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07:19 EDTCPBCampbell Soup sees FY15 growth below long-term targets for sales, earnings
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07:17 EDTCPBCampbell Soup sees FY15 EPS $2.45-$2.50, consensus $2.57
Sees FY15 net sales up 1%-2%, consensus $8.35B. Sees FY15 adjusted EBIT flat to up 2%.
07:16 EDTCPBCampbell Soup reports Q4 adjusted continuing ops EPS 49c, consensus 49c
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September 5, 2014
07:32 EDTCPBCampbell Soup September volatility up into Q4 and guidance
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