Is CPB Stock a Buy, Sell or Hold Post Pop Secret's Divestiture?
Campbell Soup(CPB) ZACKS·2024-08-29 00:30
Campbell Soup Company (CPB) has been strategically concentrating on bolstering its Snacks division, which has demonstrated strong resilience despite various challenges. As part of its efforts to enhance this focus, CPB has offloaded its Pop Secret popcorn business to Our Home, a company specializing in healthier snack options. Recording net sales of roughly $120 million in fiscal 2024, the Pop Secret business divestiture is anticipated to be dilutive to Campbell Soup's earnings per share (EPS) by nearly 4 c ...