UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K _________________________________________________________________________________ Large accelerated filer ☑ Accelerated filer ☐ Non-accelerated filer ☐ Smaller reporting company ☐ Emerging growth company ☐ (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended July 28, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

文章核心观点 - 公司2Q24财报业绩整体低于预期,但通过降低利息费用和税率优化,净利润仍超出预期 [2] - 公司在投资者日上公布了长期2-3%的收入增长目标,但分析师认为这一目标过于乐观 [2][3][4] - 公司Snacks业务的3-4%增长目标难以实现,主要受到行业竞争加剧的影响 [3][4] - 公司Meals & Beverages业务的19%以上利润率目标也缺乏充分支撑 [6][7] - 公司当前估值已经与同行接近,未来上涨空间有限 [8] 根据目录分类总结 财务业绩 - 公司2Q24财报销售额、毛利和EBIT均低于预期,但通过降低利息费用和税率优化,净利润仍超出预期 [2] 增长目标 - 公司公布了2-3%的长期收入增长目标,但分析师认为这一目标过于乐观,难以实现 [2][3][4] - 公司Snacks业务的3-4%增长目标难以实现,主要受到行业竞争加剧的影响 [3][4] - 公司Meals & Beverages业务的19%以上利润率目标也缺乏充分支撑 [6][7] 估值 - 公司当前估值已经与同行接近,未来上涨空间有限 [8]

Campbell Soup Company (CPB) is marking a significant shift in its strategy. During Tuesday’s Investor Day, the company revealed its plans to accelerate growth following a transformative period that began in 2019. This transformation set the stage for renewed growth efforts, with ambitious targets and a redefined mission aimed at setting new standards in the food industry.A Look Back: How Campbell Soup TransformedSince 2019, Campbell Soup has undergone a significant overhaul. It is focused on core categories ...

The Campbell Soup Company is looking to make a historic change to its iconic brand name. The company intends to take on the name The Campbell’s Company "as part of its evolution and transformed portfolio," it said Tuesday."The subtle yet important change retains the company’s iconic name recognition, reputation and equity built over 155 years while better reflecting the full breadth of the company’s portfolio," CEO Mark Clouse said in a statement. Campbell announced the name change, which requires sharehold ...

文章核心观点 - 公司正在将名称从"Campbell Soup"改为"The Campbell's Company",标志着公司从单一的罐头汤转向其他包装食品,如罐头酱和金鱼饼干等 [1] - 公司正专注于16个主要品牌,包括金鱼饼干、V8饮料和Prego酱料等,而不仅仅是罐头汤 [1][3] - 公司预计金鱼饼干将在2027财年成为其最大的品牌 [2] - 美国消费品公司面临需求疲软,消费者转向更便宜的替代品 [2][3] - 公司尚未看到消费者使用减食药物的明显影响 [3] - 公司预测利润将下滑,因成本上升和需求疲软 [3] 行业概况 - 美国消费品行业整体需求疲软,消费者转向更便宜的替代品 [2][3] - 中低收入家庭面临经济压力,导致休闲食品需求受到压力 [3] 公司战略 - 公司正在从单一的罐头汤业务转向更广泛的包装食品,如酱料和饼干等 [1] - 公司正专注于16个主要品牌,包括金鱼饼干、V8饮料和Prego酱料等 [1][3] - 公司预计金鱼饼干将在2027财年成为其最大的品牌 [2] 公司业绩 - 公司预测利润将下滑,因成本上升和需求疲软 [3] - 公司表示需要保持汤类销售稳定,以实现财务指引 [1]

For each sack made across the NFL, Chunky® will make a donation that will help provide meals to families in need.CAMDEN, N.J., Sept. 5, 2024 /PRNewswire/ -- Today, Campbell's® Chunky® announced the third annual Chunky Sacks Hunger™ initiative – a program that partners with NFL teams and Feeding America® to support people and families facing hunger across the country. During the 2024-25 regular season, Chunky will donate 1,000 meals* to Feeding America for every sack made across the NFL, connecting what happ ...

Campbell Soup NASDAQ: CPB is one of the most well-known food product firms in the United States but it definitely isn’t stock on the tip of everyone's tongue in a market dominated by technology and AI.Campbell Soup TodayCPBCampbell Soup$49.72 +0.47 (+0.95%) 52-Week Range$37.94▼$50.99Dividend Yield2.98%P/E Ratio20.13Price Target$47.23Add to WatchlistHowever, the company has quietly been having a good 2024, providing a total return above 17%. That’s nearly in line with the S&P 500 and outperforming the large- ...

About this content About Angela Harmantas Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government ...

Campbell Soup Company (CPB) delivered fourth-quarter fiscal 2024 results, as both the top and bottom lines increased year over year, and earnings beat the Zacks Consensus Estimate.CPB experienced sequential volume improvements and achieved year-over-year margin growth during the quarter. The company made significant progress toward its long-term strategic objectives despite a changing consumer environment. Key highlights of the quarter included a notable recovery in the Meals & Beverages segment, especially ...

财务数据和关键指标变化 - 第四季度有机销售额下降1%,但调整后EBIT和调整后每股收益均实现两位数增长 [8] - 全年有机销售额略有下降,但调整后EBIT和调整后每股收益均实现增长 [26] - 第四季度调整后毛利率扩大80个基点至31.4% [28] - 全年实现6000万美元的企业成本节约,累计达到9.5亿美元 [29] 各条业务线数据和关键指标变化 - 餐饮与饮料部门第四季度有机销售额增长1%,其中汤类和意大利酱料表现良好 [32][33] - 休闲食品部门第四季度有机销售额下降3%,但主要品牌表现较好,毛利率有所改善 [33][34] 各个市场数据和关键指标变化 - 公司在高端细分市场如有机/健康零食表现较好,但在主流薯片和玉米片等细分市场面临一定竞争压力 [64][65][66] - 高端品牌如Rao's意大利酱料在各收入阶层消费者中均有增长,反映消费者更愿意为高品质产品支付溢价 [82][83][84] 公司战略和发展方向及行业竞争 - 公司正在整合Sovos Brands业务,并计划在2025财年进一步提升餐饮与饮料和休闲食品两大业务的盈利能力 [6][9][10] - 公司将继续聚焦自有品牌,减少依赖合作品牌和代工业务,以提升整体利润水平 [19][20] - 公司将加大创新和营销投入,以应对新进入者带来的竞争压力,尤其是在高端细分市场 [58][59][60][88][89] 管理层对经营环境和未来前景的评论 - 管理层认为消费者行为正在逐步恢复正常,公司有信心在未来实现持续增长 [6][7][51] - 管理层对2025财年的指引保持谨慎,预计餐饮与饮料业务将保持稳定,休闲食品业务将在上半年继续恢复 [37][38][39][41] 其他重要信息 - 公司完成了对Sovos Brands的收购,该业务为公司带来了积极贡献 [9][10] - 公司宣布出售Pop Secret爆米花业务,以进一步优化休闲食品业务组合 [20] - 公司将于9月10日举行投资者日,届时将进一步阐述未来发展战略 [23] 问答环节重要的提问和回答 问题1 **Andrew Lazar 提问** 询问餐饮与饮料业务的可持续性,尤其是在行业供给恢复后 [44][45][46][47] **Mark Clouse 回答** 表示餐饮与饮料业务的增长动力良好,尤其是汤类和意大利酱料表现出色,预计未来将保持稳定增长 [46][47][48][49] 问题2 **Ken Goldman 提问** 询问休闲食品业务面临的新进入者竞争压力,以及公司的应对措施 [55][56][57] **Mark Clouse 回答** 表示公司将通过创新产品、增加营销投入等方式应对竞争压力,并有信心维护自有品牌的市场地位 [58][59][60][61] 问题3 **Michael Lavery 提问** 询问公司在经济环境恶化情况下的应对策略 [73][74][75][76][77][78] **Mark Clouse 回答** 表示公司的多元化产品组合有助于在不同经济环境下保持韧性,并制定了谨慎的2025财年指引 [75][76][77][78]