Campbell SoupNYSE: CPB

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Fans of side dishes can now experience the aromas of their favorite holiday foods all year long with a special candle collection. Campbell's® has launched the 2024 State of the Sides Report to celebrate the start of Sides Season™. This event took place in Camden, N.J. on October 28, 2024.

Campbell's is changing its focus from soups to higher-end brands by creating a new business unit to boost growth in this area. Even with economic challenges, the company continues to perform well, supported by a solid range of brands. Although recent acquisitions have put some pressure on their finances, they still generate enough free cash flow to pay dividends.

CAMDEN, N.J.--(BUSINESS WIRE)--Harris Blitzer Sports & Entertainment (HBSE) and Campbell Soup Company (NASDAQ:CPB) have revealed a special marketing partnership that includes four well-known sports teams from major leagues. Campbell's will be an official partner of the Philadelphia 76ers (NBA), the Washington Commanders (NFL), New Jersey Devils (NHL), Prudential Center in Newark, N.J., and Joe Gibbs Racing (NASCAR). This partnership will last for several years.

CPB has demonstrated strength by effectively implementing its strategies and prioritizing innovation, even when dealing with a changing consumer market.

CPB is concentrating on innovation, changing its product range, and keeping prices reasonable, which sets it up for growth. However, it still faces challenges from rising costs and issues in its Snacks division.

CAMDEN, N.J.--(BUSINESS WIRE)--Today, the Board of Directors of Campbell Soup Company (NASDAQ:CPB) announced a regular quarterly dividend of $0.37 per share on its capital stock. This dividend will be paid on October 28, 2024, to shareholders who are on record as of the end of business on October 3, 2024. For over 150 years, Campbell (NASDAQ:CPB) has been bringing people together through the food they enjoy, earning the trust of generations for tasty and affordable meals.

I suggest a neutral rating for Campbell Soup Company because there are doubts about its potential for long-term growth in challenging economic conditions. In the second quarter of 2024, the company's earnings fell short of expectations in sales, gross profit, and EBIT, although net income exceeded estimates thanks to reduced interest costs and a favorable tax rate. The management's long-term growth goals for Meals & Beverages and Snacks appear too ambitious considering past results and increasing competition in the market.

After 155 years, the Campbell Soup Company is removing "soup" from its name and will now be known as The Campbell Company. Transcript: Conway Gittens: This is what we are focusing on at TheStreet today.