Campbell Soup Co (CPB) Reports Mixed Fiscal Q2 2024 Results Amidst Pending Sovos Brands Acquisition [Yahoo! Finance]
Sovos Brands, Inc. (SOVO)
Company Research
Source: Yahoo! Finance
Earnings Per Share (EPS) : Reported at $0.68; Adjusted EPS steady at $0.80. Guidance : Full-year fiscal 2024 guidance reaffirmed. Acquisition : Expected completion of Sovos Brands, Inc. acquisition in March 2024. Cost Savings Program : $915 million achieved under multi-year cost savings program. Shareholder Returns : $224 million in dividends paid and $29 million in stock repurchased. Warning! GuruFocus has detected 3 Warning Sign with CPB. On March 6, 2024, Campbell Soup Co ( NYSE:CPB ) released its 8-K filing , detailing the financial outcomes for the second quarter of fiscal year 2024. The company, a leading manufacturer and marketer of branded convenience food products, reported a slight decrease in net sales, which came in at $2.5 billion, marking a 1% drop on both a reported and organic basis. This decline was observed despite a two-year-compound annual growth rate (CAGR) that showed a 5% increase in net sales and a 6% increase in organic net sales, attributed to fa
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SOVO
News
- Campbell Soup CEO on Rao's pasta sauce deal: We have now entered our next chapter [Yahoo! Finance]Yahoo! Finance
- Campbell Soup completes $2.33 billion Sovos deal after delays [Yahoo! Finance]Yahoo! Finance
- Campbell Completes Acquisition of Sovos Brands, Inc. [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo West [Yahoo! Finance]Yahoo! Finance
- Flagship Food Group Rebrands to Insignia International and Will Unveil New Logo Live at Natural Products Expo WestBusiness Wire
SOVO
Earnings
- 2/28/24 - Beat
SOVO
Sec Filings
- 3/12/24 - Form 25-NSE
- 3/12/24 - Form S-8
- 3/12/24 - Form POS
- SOVO's page on the SEC website