Proxy fight looms as new investors ramp up pressure on Campbell Soup
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August 30, 2018 6:13 AM EDT
Campbell Soup (NYSE: CPB) reported Q4 EPS of $0.25, $0.01 better than the analyst estimate of $0.24. Revenue for the quarter came in at $2.2 billion versus the consensus estimate of $2.24 billion.
Keith McLoughlin, Campbells interim President and CEO said, Fiscal 2018 was a challenging year for... More
August 30, 2018 6:07 AM EDT
Campbell Soup Company (NYSE: CPB) today announced significant actions it is taking as part of its Board-led strategy and portfolio review to improve performance and drive shareholder value. The actions include:
1. Focusing the company on two distinct businesses, Campbell Snacks and Campbell Meals and Beverages, in its core North American market;
2. Pursuing the divestitures of non-core businesses to focus and improve the companys portfolio; proceeds will be used to significantly reduce debt; and,
3. Increasing its cost savings target to $945 million by FY2022, including the expected Snyders-Lance... More
