Campbell Soup sees spike in demand, borrowed $300 million from revolving credit facility [MarketWatch]
The Campbell's Company (CPB)
Last the campbell's company earnings: 3/4 07:30 am
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Source: MarketWatch
Campbell Soup Co. said Monday that it has seen a spike in demand for its snacks and meals & beverages items in the wake of the COVID-19 outbreak. Expenses for the soup company have increased in areas like transportation, employee compensation and coronavirus-related health screenings and sanitizing measures. But the company says it is benefiting overall. Campbell Soup borrowed $300 million from its revolving credit facility, which matures on December 9 with an interest rate of 2.34%. As of March 22, the company had $1.15 billion of commercial paper borrowings. Campbell Soup stock has gained 27.8% over the last 12 months while the S&P 500 index is down 1.1%.
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High impacting The Campbell's Company news events
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CPB
News
- Campbell's (NASDAQ:CPB) was given a new $30.00 price target on by analysts at Morgan Stanley.MarketBeat
- Campbell's (NASDAQ:CPB) had its "sell" rating reaffirmed by analysts at UBS Group AG.MarketBeat
- CPB Investor News: Rosen Law Firm Announces Investigation of Breaches of Fiduciary Duties by the Directors and Officers of Campbell’s Co.Business Wire
- Lawsuit claims Campbell's exec mocked 'poor people' who buy its food [USA TODAY]USA TODAY
- A Campbell Soup VP is on leave after secret recording appears to show him mocking 'poor' customers, '3D-printed chicken' [Business Insider]Business Insider
CPB
Earnings
- 9/3/25 - Beat
CPB
Sec Filings
- 12/2/25 - Form 4
- 11/19/25 - Form 8-K
- 11/3/25 - Form 4
- CPB's page on the SEC website