Latest news with #TheCampbell'sCompany
Business Wire
6 days ago
- Business
- Business Wire
Newsweek Names The Campbell's Company One of America's Greatest Workplaces
BUSINESS WIRE)-- The Campbell's Company (NASDAQ:CPB ) today announced that Newsweek has named the company one of America's Greatest Workplaces 2025. 'Our recipe for success is talented people, amazing brands and fantastic food,' said Mick Beekhuizen, Campbell's President and Chief Executive Officer. 'We are committed to delivering for our people and creating a highly engaged culture to attract, grow and retain the best team in food.' America's Greatest Workplaces were identified by Newsweek and Plant-A Insights Group through a comprehensive assessment involving employee interviews, company reviews, publicly accessible data and an analysis of over 120 key performance indicators. Campbell's recently completed a $50 million investment in its Camden, NJ headquarters campus to provide more ways for employees to connect and collaborate. The project included: Creating distinct neighborhoods for divisions and functions that highlight the company's portfolio New modern workstations, meeting/multi-purpose rooms and communal spaces equipped with the latest technology A new campus center that features a coffee bar, game room and an interactive archive display on the company's history The newly renovated space is complimented with best-in-class amenities, such as on-site day care, a café, complimentary health and fitness center and a variety of other services. The company also upgraded and modernized workspaces across its regional offices and manufacturing sites. 'Our strategy starts with building the Top Team. It's our No. 1 priority as an organization because our people fuel our performance,' said Diane Johnson May, Campbell's Chief People and Culture Officer. 'This recognition supports the progress we have made in creating a workplace where employees are supported to build a rewarding career with opportunities to grow, lead, innovate, and reach their full potential.' The company has made significant investments in leadership development to establish Campbell's as a top destination to build a career and learn how to become a great leader. This includes structured leadership development programs for all levels of the organization and self-paced resources. Campbell's has long been recognized as a top workplace and destination for leadership development. Earlier this year, the company was recognized as one of TIME's Best Companies for Future Leaders and one of Newsweek's Greatest Workplaces for Gen Z. About The Campbell's Company For more than 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. Its 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
03-06-2025
- Business
- Yahoo
Company News for Jun 3, 2025
Shares of The Campbell's Company (CPB) rose 0.6% after the company reported third-quarter fiscal 2025 earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.65 per share. Science Applications International Corporation's (SAIC) shares plummeted 13.3% after the company reported first-quarter 2025 earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.65 per share. Shares of Moderna, Inc. (MRNA) gained 1.8% after the Food and Drug Administration approved its next-generation COVID vaccine for adults above 65 years. General Motors Company's (GM) shares declined 3.9% after Trump announced that he would double tariffs on steel by 50%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report The Campbell's Company (CPB) : Free Stock Analysis Report Moderna, Inc. (MRNA) : Free Stock Analysis Report General Motors Company (GM) : Free Stock Analysis Report Science Applications International Corporation (SAIC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Axios
02-06-2025
- Business
- Axios
Why Americans are suddenly cooking at home again
Americans are cooking at home more often and targeting budget-friendly foods, according to The Campbell's Company. Why it matters: The trend reported Monday by Campbell's — whose brands include its eponymous soup, Prego sauce and Snyder's pretzels — comes as restaurant chains like McDonald's have already flagged softness in spending from low- and middle-income consumers. Driving the news:"Consumers are cooking at home at the highest levels since early 2020 and turning to our brands for value, quality, and convenience," Campbell's CEO Mick Beekhuizen said in a statement. And home meal preparers are also "favoring ingredients that help stretch tighter food budgets," he added on the company's earnings call. For Campbell's, the trend manifested itself in an unspecified increase in soup sales and an 5% decrease in organic sales of snacks. What they're saying: "Consumers remain under significant financial pressure and given the price of eating out has gone up by so much it is not surprising many households are cutting back," GlobalData analyst Neil Saunders tells Axios in an email. "Eating at home may not be as much fun, but it is more cost effective – even compared to fast food which, for a family, has become very expensive. The impact: The number of low-income consumers visiting U.S. fast-food restaurants was down "nearly double digits" in the year's first three months compared to 2024, McDonald's CEO Christopher Kempczinski said recently.
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
02-05-2025
- Business
- Yahoo
Snacking takes a hit as consumer spending shifts to food staples
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. As consumers rein in spending, the once seemingly unstoppable snacking category is taking a hit. Food giants, including PepsiCo, Mondelēz International and The Campbell's Company, are reporting a slowdown in snack sales as inflation and growing economic uncertainty discourage consumers from purchasing as many cookies, crackers and other treats. Dirk Van de Put, Mondelēz's CEO, told analysts that consumers are purchasing fewer snacks in favor of grocery staples such as meats, vegetables and eggs. In North America, one of the Oreo and Chips Ahoy! maker's biggest markets, net revenues during its most recent quarter dropped 4.1%. 'We see consumers switching to more essentials in grocery, and snacking categories are suffering as a consequence of that,' CEO Dirk Van de Put told analysts. 'What's going on is that the consumer feels very uncertain about the future.' Snacking executives have painted a dour outlook across the food space, with little optimism that things will improve anytime soon. Van de Put told Wall Street he didn't 'expect to see a significant improvement in consumer confidence in the near term in the US.' Last week, PepsiCo's CFO Jamie Caulfield noted consumer sentiment has worsened since February when it reported a slowdown in demand for its snacks and beverages. 'We probably aren't feeling as good about the consumer now as we were a few months ago,' Caulfield said. PepsiCo's snack business has continued to struggle. During its first quarter, PepsiCo said organic revenue in its North American foods business slipped 2%. Executives noted a 'subdued' performance in savory snacks, led by its Frito-Lay business that oversees brands including Doritos and Cheetos. 'Revenue management clearly is becoming more complex as consumers are feeling more challenged with their disposable income,' said Ramon Laguarta, PepsiCo's CEO. The pressure facing snacks prompted competitor The Campbell's Company to lower its outlook last month. The soup and snacks maker forecast sales to rise 6% to 8% this year, instead of 9% to 11%. Organic sales projections also were lowered to be flat or drop by up to 2%. Previously, the company was predicting sales to be unchanged or up 2%. CEO Mick Beekhuizen noted Campbell's was dealing with 'softness' in some snacking categories, most notably cookies and crackers. 'The broader snacking categories didn't improve as we had originally anticipated,' Beekhuizen conceded. As concerns about inflation continue to mount, snack makers are beginning to roll out more affordable options. Shopper loyalty to Mondelēz's biscuit brands 'remains solid,' the CEO noted, and a focus on selling more offerings under $4 is helping to drive share gains. Similarly, PepsiCo launched smaller, single-serve items under $2 and smaller multi-pack options designed to keep the consumers in its brands and promote purchase frequency. And while snacking consumption remains subdued, some categories are faring better than others. Mondelēz's biscuit business, which includes Oreo, Ritz, Triscuit and Chips Ahoy!, is holding up 'better than many other snacking' categories, Van de Put said. Recommended Reading PepsiCo CEO says snacks maker 'accelerating' transition to natural ingredients
