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July 21, 2014
13:25 EDTCPBCampbell Soup says dividends to increase over time in-line with earnings
Says company has been reducing overhead expenses. Says FY14 guidance is unchanged from May. Says extra week in FY14 will impact FY14 EPS by 8c per share. For FY14, the company expects incentive compensation costs will be below target levels, which will be a headwind next year. Says company will drive future growth by launching new products and enhancing distribution. Expects to resume share repurchases in FY15. Sees a modest EPS effect from share buybacks in FY15. The company forecasts continuing cost inflation in FY15. Expects FY14 input cost inflation to be between 3%-4%. Sees $400M of capital spending in FY15. Sees gross margin percentage to be stable in FY15. Comments made during the company's Investor Day conference.
News For CPB From The Last 14 Days
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November 24, 2015
09:06 EDTCPBCampbell Soup expects to deliver savings of $80M-$100M in 2016
The company expects inflation to be approximately 2% and gross margin to increase 1 percentage point. The company sees FY16 adjusted tax rate of 32%.
09:00 EDTCPBCampbell Soup sees declines in carrot ingredients moderating
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08:37 EDTCPBCampbell Soup says economic conditions remain challenging
The company said that while unemployment has improved, consumers continue to remain cautious. American consumers are saving more and spending less due to the uncertain economic climate. Outside the U.S., challenges remain in the macro economy, especially in Canada and Indonesia. The company said the industry has responded with consolidation, spin-offs and aggressive cost cutting programs while food retailers responded by reconfiguring stores with a focus on the perimeter and investing in ecommerce. Comments taken from Q1 earnings conference call.
07:18 EDTCPBCampbell Soup raises FY16 adjusted EPS view to $2.75-$2.83 from $2.53-$2.58
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07:16 EDTCPBCampbell Soup CEO says 'encouraged' by Q1 performance
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07:15 EDTCPBCampbell Soup reports Q1 adjusted EPS 95c, consensus 76c
Reports Q1 revenue $2.2B, consensus $2.21B.
November 23, 2015
15:28 EDTCPBNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Analog Devices (ADI), consensus 83c... Hormel Foods (HRL), consensus 69c... Dollar Tree (DLTR), consensus 53c... Campbell Soup (CPB), consensus 76c... Signet Jewelers (SIG), consensus 39c... Tiffany (TIF), consensus 75c... Valspar (VAL), consensus $1.31... Patterson Companies (PDCO), consensus 60c... Eaton Vance (EV), consensus 59c...Burlington Stores (BURL), consensus 23c... Cracker Barrel (CBRL), consensus $1.59.
14:28 EDTCPBCampbell Soup technical comments before earnings
The stock has been trading in a well-defined bullish price channel on a long-term basis, in this case since late 2013. The top of that channel is approximately at $52.50 and the bottom is at $47.77. News that is strong enough to break either of those channel boundaries could signal a new trend. In the event that the news is bearish, we could expect the channel bottom at $47.77 to be tested. If the news is a strong negative surprise, the channel low could be broken. Next support would then be at $44.88. If the news is bullish, we could see the channel top tested. On strongly bullish news the channel top could be broken on the upside, with next resistance at $54.94.
November 20, 2015
12:43 EDTCPBCampbell Soup volatility increases into Q1 and outlook
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