CPB Stock Recent News

Five-year, 10-year, and multi-decade charts of market movements all show that stock market sell-offs happen. No one knows when they'll begin, how severe the downturn will be, or how long they'll last.

Campbell's focus on innovation and portfolio refinement provides a pathway to success, but recent stock performance poses challenges for investors.

CNBC's Jim Cramer reports on a study from Cornell and its impact on the stock market.

CAMDEN, N.J.--(BUSINESS WIRE)--Harris Blitzer Sports & Entertainment (HBSE) and Campbell Soup Company (NASDAQ:CPB) (Campbell's) today announced a unique marketing partnership spanning four storied sports franchises across several of the world's biggest leagues. Campbell's will serve as an official partner to the Philadelphia 76ers (NBA), the Washington Commanders (NFL), New Jersey Devils (NHL), Prudential Center in Newark, N.J., and Joe Gibbs Racing (NASCAR). The multi-year partnership will.

CPB has shown resilience through its strategic execution and focus on innovation while facing challenges related to a volatile consumer environment.

CPB's focus on innovation, portfolio reshaping and maintaining affordability positions it well for growth. Yet, cost inflation and Snacks unit hurdles remain.

The dockworkers' strike could impact a number of names in the consumer-staples space, warns Bank of America.

Celebrity chef and organic soup and broth brand aim to reclaim the end of the weekend with #TGISunday series PORTLAND, Ore. , Sept. 23, 2024 /PRNewswire/ -- Pacific Foods, a brand known for its organic and high-quality ingredients, has launched its #TGISunday content series to help people overcome the widespread phenomenon known as the "Sunday Scaries.

CAMDEN, N.J.--(BUSINESS WIRE)--The Board of Directors of Campbell Soup Company (NASDAQ:CPB) today declared a regular quarterly dividend on Campbell's capital stock of $0.37 per share. The quarterly dividend is payable Oct. 28, 2024, to shareholders of record at the close of business as of Oct. 3, 2024. About Campbell For more than 150 years, Campbell (NASDAQ:CPB) has been connecting people through food they love. Generations of consumers have trusted us to provide delicious and affordable food.

I recommend a neutral rating for Campbell Soup Company due to skepticism about its ability to achieve long-term growth targets amid tough macro conditions. CPB's 2Q24 earnings missed consensus estimates in sales, gross profit, and EBIT, but net income beat estimates due to lower interest expenses and a better tax rate. Management's long-term growth targets for Meals & Beverages and Snacks seem overly optimistic given historical performance and intensifying competition in the industry.