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Stock Market & Financial Investment News

News Breaks
November 20, 2012
10:23 EDTCPBCampbell Soup says sees FY CapEx $333M
News For CPB From The Last 14 Days
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May 23, 2013
16:52 EDTCPBPE firm Catterton Partners to sell Plum Organics to Campbell Soup
Catterton Partners, the leading consumer-focused private equity firm, announced that it has entered into an agreement to sell Plum Organics, a leading premium, organic kids nutrition company, to Campbell Soup (CPB). Terms of the transaction were not disclosed. The transaction remains subject to applicable regulatory approval and satisfaction of other customary closing conditions.
16:48 EDTCPBCampbell Soup to acquire Plum Organics, terms not disclosed
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May 21, 2013
07:45 EDTCPBMorgan Stanley remains cautious on Campbell Soup
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May 20, 2013
09:48 EDTCPBCampbell Soup reverses down from pre-market highs, levels to watch
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08:42 EDTCPBCampbell Soup rises after earnings, approaching $50
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07:34 EDTCPBCampbell Soup raises FY13 adjusted EPS view to $2.58-$2.62, consensus $2.56
The company revised its previous FY13 guidance and now expects to grow sales at the upper end of the 10%-12% range and adjusted EBIT at the upper end of the 4%-6% range. Adjusted EPS, benefitting from a favorable tax rate and the EBIT improvement, is now expected to exceed the previous range of 3%-5%. The company now expects adjusted EPS to grow between 6%-7%, putting adjusted EPS in the range of $2.58-$2.62. Guidance includes the estimated impact of the Bolthouse Farms business and excludes the impact of acquisition transaction costs and restructuring charges. In FY13, Campbell expects Bolthouse Farms to contribute approximately $750M to sales and add approximately 6c to adjusted EPS, including the impact of the suspension of Campbell’s strategic share repurchase program.
07:32 EDTCPBCampbell Soup reports Q3 adjusted EPS 62c, consensus 56c
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