Latest news with #Snacks
Yahoo
6 days ago
- Business
- Yahoo
The Campbell's Co (CPB) Q3 2025 Earnings Call Highlights: Strong Meals & Beverages ...
Organic Net Sales Growth: 1% driven by volume growth. Net Sales Growth: 4% reflecting organic growth and contribution from Rao's. Adjusted EBIT: Increased 2% versus prior year. Adjusted EPS: Down 3% to $0.73. Meals & Beverages Organic Net Sales: Increased 6% for the quarter. Snacks Organic Net Sales: Declined 5% driven by lower volume and mix. Operating Cash Flow Year-to-Date: $872 million. Capital Expenditures Year-to-Date: $296 million. Net Debt-to-Adjusted EBITDA Leverage Ratio: 3.6 times. Cost Savings Program: $110 million of total savings delivered. Warning! GuruFocus has detected 5 Warning Signs with CPB. Release Date: June 02, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. The Campbell's Co (NASDAQ:CPB) exceeded third-quarter earnings expectations, driven by strong performance in the Meals & Beverages division. Organic net sales growth of 1% was achieved, marking five consecutive quarters of flat or positive volume across the enterprise. The company's soup portfolio continued strong performance, with Campbell's total wet soup growing dollar-share by 0.4 points. The Meals & Beverages division saw a 6% increase in organic net sales, led by volume and mix growth. The integration of Sovos Brands into Campbell's ERP system is expected to unlock additional back-office savings. The Snacks business faced mixed performance due to continued category softness and an increasingly competitive environment. Adjusted EPS was down 3% compared to the prior year, impacted by higher adjusted interest expense. The company expects adjusted earnings to be at the low end of the guidance range due to slower-than-anticipated recovery in the Snacks business. Snacks organic net sales decreased by 5%, driven by lower volume and mix. The company faces potential headwinds from tariffs, estimated to impact fiscal '25 adjusted EPS by up to 3 to 5 cents per share. Q: How much of the pressure in the Snacks segment is due to overall category trends versus Campbell's in-market execution, and what steps is the company taking to address these issues? A: Mick Beekhuizen, CEO, explained that about two-thirds of the pressure is due to worsening aggregate categories, while one-third is due to in-market performance. The company is focusing on innovation, distribution expansion, and price pack architecture to address these challenges. They are also working on reigniting core brands like Goldfish with advertising and strategic promotional activities. Q: What are the key factors to consider for fiscal '26, especially regarding the need for reinvestment in the Snacks segment? A: Mick Beekhuizen, CEO, noted that the recovery of the Snacks business is now expected in fiscal '26. The company plans to invest more in marketing and brand support, potentially increasing spending from the current 9% to 10% range. Additionally, incentive compensation may pose a headwind next year. Q: How sustainable is the trend of increased at-home cooking and eating, and what factors are driving this trend? A: Mick Beekhuizen, CEO, expressed optimism about the sustainability of this trend, driven by consumer focus on value, quality, and convenience. The Meals & Beverages portfolio is well-positioned to capitalize on this trend, with both mainstream and premium offerings. However, he cautioned that Q3 results might not be repeated as the company exits the soup season. Q: Is there an expectation for increased promotional activities in light of competitive pressures in categories like RTS, premium pasta sauce, or snacks? A: Mick Beekhuizen, CEO, indicated that the focus is not on increasing promotional activities but rather on ensuring that existing promotions are strategically timed and effective. The company is also working on price pack architecture to ensure competitive starting price points in the market. Q: What needs to happen from a category perspective in Snacks to see improvements, and how does consumer perception of "worth it" play into this? A: Mick Beekhuizen, CEO, highlighted that improving consumer confidence would benefit the Snacks category. The focus is on meeting consumer needs for value, better-for-you options, and indulgence. Innovation, such as the Milano White Chocolate launch, is key to driving growth by enhancing consumer experiences. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Yahoo
17-03-2025
- Entertainment
- Yahoo
Saint Patrick's Day in DSM, road closures and celebrations
DES MOINES, Iowa — On Monday, March 17, Des Moines will flood with people celebrating Saint Patrick's Day. Find out about parties, parades, pubs, and road closures impacting the area. Spectacular parade floats showcasing Irish heritage and traditions; Live performances by traditional Irish dancers and musicians; food and beverages at the after party. The parade runs from Robert D. Ray drive to 8th Street, with an afterparty at the downtown Marriott Hotel. When: Monday, March 17, 12 – 5 p.m. Where: Downtown Des Moines The event is family friendly with activities like coloring and decorating for kids and green Ruthie and Irish Extra Stout tapped will be available for anyone above 21. When: Monday, March 17, 9 a.m.-5 p.m. Where: Exile Brewery (1514 Walnut Street, Des Moines) This famous block party is prepped for hours of music and plenty of fun, starting with the band Snacks kicks things off at 1 p.m., followed by Velvet Trio bringing smooth vibes from 4-7 p.m. When: Monday, March 17, 10 a.m.-2 a.m. Where: Annie's Irish Pub (206 3rd St, Des Moines) Starting with breakfast from 7:00 until 11:00 a.m. Followed by entertainment, including a Bagpipe and Drum Band at 10:30, a DJ from 1:00-4:00 p.m., and a band starting at 5:00 p.m. All ages until 2:00 p.m. and 21 and older after. When: Monday, March 17, 7 a.m. to 11:59 p.m. Where: Mickey's Irish Pub (50 SE Laurel St, Waukee, 50263) Road safety is on the top of minds for law enforcement on Monday and to ensure you plan for a safe and sober ride home, the Iowa Governor's Traffic Safety Bureau is offering a $10 Uber voucher. Click here to access the voucher From 10 a.m. to 2 p.m. the following roads will be closed: Grand Avenue from East Fourth Street to Eighth Street Robert D Ray Drive from East Grand Avenue to East Locust Street Locust Street from Robert D Ray Drive to Second Avenue-Westbound North Lane Second Avenue from Locust Street to Grand Avenue Third Street from Watson Powell Way to Grand Avenue Sixth Avenue from Locust Street to Grand Avenue Seventh Street from High Street to Grand Avenue Also, on Monday, Court Avenue from Third Street to Fourth Street will be closed from 6 a.m. to 2 a.m. Tuesday. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
What's On
14-03-2025
- Entertainment
- What's On
Hanu is now open from today: A new era of Korean food in Dubai
Hanu is about to change how you think about Korean food in Dubai… After much anticipation, Hanu – the new Korean fine-dining restaurant – has finally opened it doors, today. At What's On we were lucky enough to get a sneak peek before now. Let me tell you – this place is a whole vibe, worth every bit of the wait. We got our first look (and taste), and everything about it tells me it's set to stand out in Dubai's ever-growing scene. No doubt – Hanu brings a new era of Korean food in Dubai, and it's got our foodie stamp of approval. The vibe View this post on Instagram A post shared by What's On Dubai (@whatsondubai) The journey starts at the entrance – a hammered bronze door that swings open into a space that's equal parts tradition and edge. Think modern Korean dining room meets royal heritage. Dark walnut wood, carved beam ceilings, gold accents, intricate artwork, antique Korean furniture, and stacked roof tiles – every detail is intentional. The lighting? Just right – dimmed, warm, easy on the eye, and setting the perfect chill mode. The chef And then, there's Chef Kyung Soo Moon. Born and raised in Seoul, with 24 years of global experience at spots like Sushisamba, Attiko Dubai, and Sachi, he's not just running the Hanu kitchen, he's the heart of it all. Before we even sat down, he took us on a tour, sharing stories about Korean cuisine, art, and traditions with a level of passion that you could feel. I never thought I'd have a favourite chef in Dubai, but then I met Chef Moon. The food Now, let's get into it – the food. There's a saying that 'the secret ingredient is always love,' and that's exactly how this meal felt. Every dish reflected Chef Moon's passion for Korean cuisine. We kicked things off with a selection of Korean Seasonal Hansang Snacks, Kimchi Arancini, Beef Tartelette with Caviar, and the one we couldn't stop eating – K.F.C. (Korean Fried Cauliflower), which was the kind of crispy, addictive bite you'd want a whole bucket of. Meat Me at the Grill Then came the main event: 'Meat Me at the Grill.' Chef Moon himself was at the table, grilling crispy Bulgogi – thinly sliced, 24-hour marinated beef – along with other cuts so tender they barely needed chewing. If you love your meat, this is where you need to be. But if you don't? The vegetarian options hold their own. For a more traditional fix, the Sotbap rice dishes bring comfort and depth, while the Korean specialties include classics like Kimchi Stew and Grilled Lamb Chop Galbi. The Prawn Soy Jang and Seafood Ceviche are perfect for those who like their flavours raw. And if you're into oversized Kimbap hand rolls, they've got those too. Dessert sealed the deal. Matcha Bingsu, a green tea shaved ice that was light and refreshing, followed by Hodugwaja – warm, crispy Korean walnut cookies filled with red bean paste and actual walnuts. The kind of bite you pop into your mouth, thinking you'll stop at one, and suddenly, they're all gone. So, was it worth the hype? Absolutely. Walking into Hanu felt like stepping into a world of its own – every plate, every detail, a testament to Korean tradition with a modern twist. And Chef Moon? it's safe to say he's earned a special place in my list of culinary legends. Will I go back? No question. Verdict: A must-try, especially for meat lovers – Hanu has earned our foodie stamp of approval. Hanu, Nakheel Mall, St. Regis Gardens, Palm Jumeirah, open from March 14. Tel: (0)4 278 4844. @hanu_dubai Images: Supplied
