Latest news with #CarrieAnderson
Yahoo
02-06-2025
- Business
- Yahoo
Cooking at Home Hasn't Been This Common Since 2020, Campbell's Says
Americans haven't been cooking at home so much since early 2020, when the pandemic hit, Campbell's executives said, a trend that's hurting its snack sales. Goldfish and Snyder's of Hanover pretzels performed particularly poorly, while Pepperidge Farm cookies did fairly well, Campbell's executives said Monday. Other food producers, including Mondelēz International and Conagra Brands, have said in recent months that their snack sales are meals are in, according to Campbell's, and snacks are out. Executives at Campbell's Co. (CPB), which sells its namesake soups, Prego and Rao's sauces, and a variety of snacks, told analysts Monday that it hasn't seen this much at-home meal prep since the pandemic hit. Softer consumer sentiment has 'consumers making more deliberate choices with their spending on food" this year, CEO Mick Beekhuizen said on Campbell's third-quarter earnings conference call. 'The key outcome is a growing preference for home-cooked meals, leading to the highest levels of meals prepared at home since early 2020,' he said on the call, according to a transcript made available by AlphaSense. Americans' interest in saving is helping the company's meal and beverage business but hurting snack sales, executives said. The snack segment's sluggishness prompted CFO Carrie Anderson to say adjusted earnings for the year are expected to come in at the 'low end' of guidance, which stands at $2.95 to $3.05 per share. This outlook, which excludes the impact of tariffs, assumes organic sales will be down 2% to flat. Campbell's organic sales—results adjusted for the recent sale of Pop Secret and Noosa Yoghurt, and the purchase of Sovos Brands—grew 1% year-over-year for the third quarter, the company said, reflecting a 6% increase in meal and beverage sales and a 5% decline in snacks. Goldfish and Snyder's of Hanover pretzels, in particular, struggled, executives said, while Pepperidge Farm cookies fared better. Other companies, including Hain Celestial Group (HAIN), General Mills (GIS) and Mondelēz International (MDLZ), have said recently that consumers are cutting back on snacks. 'We see consumers switching to more essentials in grocery, and snacking categories are suffering,' Mondelēz CEO Dirk Van de Put said on an earnings conference call in late April. 'You can see the consumer, not only in food, but across the board really being very, very frugal and very careful,' he said. Still, some companies say sales of protein and health-focused snacks have taken off. 'Between meat snacks and popcorn, you've got two very on-trend businesses, not to mention our seeds business, which is sometimes overlooked but is a phenomenal, very profitable business,' Conagra (CAG) CEO Sean Connolly said in early April when the company reported third-quarter earnings. Read the original article on Investopedia
Business Wire
19-05-2025
- Business
- Business Wire
The Campbell's Company to Report Third Quarter Fiscal 2025 Results on June 2, 2025
BUSINESS WIRE)-- The Campbell's Company (NASDAQ:CPB) (Campbell's) Mick Beekhuizen, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's third quarter fiscal 2025 earnings press release will be distributed prior to the call at 7:15 a.m. ET. In addition, at the same time, a copy of management's prepared remarks and earnings presentation will be posted to the Events & Presentations section of Campbell's investor relations website at All interested parties are invited to listen to the webcast at 8:00 a.m. ET at this link. Following the company's remarks, the conference call will include a question-and-answer session with the investment community. Participation by the press in the Q&A session is in listen-only mode. Call-in details for the webcast are as follows: Time/Date: Monday, June 2, 2025, at 8:00 a.m. ET Participant Toll Free Dial-In Number: (800) 715-9871 Participant International Dial-In Number: (646) 307-1963 Conference ID: 3388678 A full transcript and webcast replay of the conference call will be posted on the company's website within 24 hours of the event. About The Campbell's Company For 155 years, The Campbell's Company (NASDAQ:CPB) (Campbell's) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory Pretzel Crisps, Snyder's of Hanover, Swanson and V8. For more information, visit
Yahoo
27-02-2025
- Business
- Yahoo
The Campbell's Company to Participate in a Fireside Chat at BofA Securities 2025 Consumer and Retail Conference on March 11
CAMDEN, N.J., February 27, 2025--(BUSINESS WIRE)--The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that Mick Beekhuizen, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will participate in a fireside chat at the BofA Securities 2025 Consumer and Retail Conference on Tuesday, March 11, 2025 at 8:50 a.m. EST. A listen-only live webcast of the fireside chat can be accessed under the Events & Presentations section of the company's investor relations website: A replay will be accessible after the event through the same website. About CampbellFor 155 years, The Campbell's Company (NASDAQ:CPB) (Campbell's) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes: Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory Pretzel Crisps, Snyder's of Hanover, Swanson and V8. For more information, visit View source version on Contacts Investor Contact: Rebecca Gardy(856) 342-6081Rebecca_Gardy@ Media Contact: James Regan(856) 219-6409James_Regan@ Sign in to access your portfolio
Yahoo
19-02-2025
- Business
- Yahoo
The Campbell's Company to Report Second Quarter Fiscal 2025 Results on March 5, 2025
CAMDEN, N.J., February 19, 2025--(BUSINESS WIRE)--The Campbell's Company (NASDAQ:CPB) (Campbell's) today announced that it will report its second quarter fiscal 2025 financial results on March 5, 2025 for the period ended January 26, 2025. Mick Beekhuizen, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's second quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor relations website at All interested parties are invited to listen to the webcast at 8:00 a.m. ET at this link. Following the company's remarks, the conference call will include a question-and-answer session with the investment community. Participation by the press in the Q&A session is in listen-only mode. Call-in details for the webcast are as follows:Time/Date: Wednesday, March 5, 2025, at 8:00 a.m. ETParticipant Toll Free Dial-In Number: (800) 715-9871Participant International Dial-In Number: (646) 307-1963Conference ID: 3292637 A full transcript and webcast replay of the conference call will be posted on the company's website within 24 hours of the event. About The Campbell's Company For 155 years, The Campbell's Company (NASDAQ:CPB) (Campbell's) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory Pretzel Crisps, Snyder's of Hanover, Swanson and V8. For more information, visit View source version on Contacts Investors: Rebecca Gardy(856) 342-6081Rebecca_Gardy@ Media: James Regan(856) 219-6409James_Regan@ Sign in to access your portfolio
