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Yahoo
12 hours ago
- Business
- Yahoo
Campbell: Fiscal Q3 Earnings Snapshot
CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — The Campbell's Company (CPB) on Monday reported fiscal third-quarter profit of $66 million. The Camden, New Jersey-based company said it had net income of 22 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 73 cents per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.48 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.44 billion. Campbell expects full-year earnings in the range of $2.95 to $3.05 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CPB at Sign in to access your portfolio
Yahoo
13 hours ago
- Business
- Yahoo
Campbell: Fiscal Q3 Earnings Snapshot
CAMDEN, N.J. (AP) — CAMDEN, N.J. (AP) — The Campbell's Company (CPB) on Monday reported fiscal third-quarter profit of $66 million. The Camden, New Jersey-based company said it had net income of 22 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 73 cents per share. The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 65 cents per share. The maker of canned soup, Pepperidge Farm cookies and V8 juice posted revenue of $2.48 billion in the period, also surpassing Street forecasts. Seven analysts surveyed by Zacks expected $2.44 billion. Campbell expects full-year earnings in the range of $2.95 to $3.05 per share. _____ This story was generated by Automated Insights ( using data from Zacks Investment Research. Access a Zacks stock report on CPB at Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Over 1,000 Rite Aid, Walgreens, CVS stores closing; See which ones in Delaware
Rite Aid, CVS and Walgreens will have closed a collective 1,000 locations across the U.S. in 2025, and Delaware will feel the hit as stores shutter across the state. Pharmaceutical giant Rite Aid announced it was closing 316 stores as it filed for its second bankruptcy on May 5, according to documents reviewed by USA TODAY. The chain's first Chapter 11 bankruptcy was in October 2023, when it said at the time it would shutter over 100 stores. The news is the latest in a slew of big pharma stores making big changes. CVS plans to close 271 stores in 2025 — after spending several years shuttering around 900 already, a spokesperson told USA TODAY. Population shifts, consumer buying patterns and community health needs were among the factors to close stores, and not a response to industry pressures. Walgreens has in recent years been struggling with sluggish consumer spending, and announced in 2024 it would close 1,200 "underperforming" stores over several years, with 500 in the fiscal year 2025. The move is part of a cost-cutting "turnaround plan" under CEO Tim Wentworth to help stabilize the store's main retail pharmacy focus. Of the 316 Rite Aid stores closing nationwide, six are in Delaware: Laurel: 1120 South Central Ave. Millsboro: 24892 John J. Williams Highway Glasgow: 400 Peoples Plaza Stanton: 4607 Stanton Ogletown Road Rehoboth Beach: 18898 Rehoboth Mall Blvd. Selbyville: 38169 Dupond Blvd. In recent years, seven Rite Aid locations in Delaware have closed. As of May 30, Rite Aid had 29 locations listed in Delaware, per the company's website. The locations that are expected to close still remain listed. Of the 271 stores closing in fiscal year 2025, Newsweek reports none closing in Delaware. The state is home to 23 locations, and one in Wilmington shuttered in 2019. The latest list of store closures does not include any in Delaware. However, Walgreens has shuttered multiple locations in Delaware in recent years, including five in 2023. Walgreens currently operates 26 locations in the state, per the company website. Lori Comstock is a New Jersey-based journalist with the Mid-Atlantic Connect Team. This article originally appeared on CVS, Rite Aid, Walgreens closing stores; Are there any in Delaware?
Yahoo
4 days ago
- Business
- Yahoo
How To Earn $500 A Month From Campbell's Stock Ahead Of Q3 Earnings
Campbell's Company (NASDAQ:CPB) will release its third-quarter earnings results before the opening bell on Monday, June 2. Analysts expect the Camden, New Jersey-based company to report quarterly earnings at 66 cents per share, down from 75 cents per share in the year-ago period. Campbell's projects to report quarterly revenue of $2.43 billion. Compare that to the $2.37 billion it reported last year, according to data from Benzinga Pro. On May 23, Piper Sandler analyst Michael Lavery maintained Campbell's with an Overweight rating and lowered the price target from $45 to $42. With the recent buzz around Campbell's, some investors may be eyeing potential gains from the company's dividends too. As of now, Campbell's offers an annual dividend yield of 4.57%, which is a quarterly dividend amount of 39 cents per share ($1.56 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $131,418 or around 3,846 shares. For a more modest $100 per month or $1,200 per year, you would need $26,277 or around 769 shares. To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.56 in this case). So, $6,000 / $1.56 = 3,846 ($500 per month), and $1,200 / $1.56 = 769 shares ($100 per month). View more earnings on CPB Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield. CPB Price Action: Shares of Campbell's gained 1.1% to close at $34.17 on More: Image: Shutterstock Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? THE CAMPBELL'S (CPB): Free Stock Analysis Report This article How To Earn $500 A Month From Campbell's Stock Ahead Of Q3 Earnings originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Business
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Permits reveal Trader Joe's next Central Florida expansion target
Editor's note: This story is available as a result of a content partnership between WFTV and the Orlando Business Journal. A building permit was filed May 19 in Brevard County for a project with the description 'interior buildout Trader Joe's' — suggesting the ultra-popular grocery store is headed to The Avenue Viera lifestyle center near Melbourne. New Jersey-based CP Venture Five AV LLC, an entity tied to Avenue Viera co-owner and co-manager PGIM Real Estate, applied for the permit. Brian Kern of Oculus Inc. is the applicant. The value of the project is listed at $700,000. Additional details were not immediately available. Click here to read the full story on the Orlando Business Journal's website. Click here to download our free news, weather and smart TV apps. And click here to stream Channel 9 Eyewitness News live.
