Campbell’s to Sell noosa Business to Lakeview Farms
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: Business Wire
CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NASDAQ:CPB) (Campbell’s) today announced an agreement to sell the noosa yoghurt business to Lakeview Farms, LLC, a manufacturer of fresh dips, desserts and specialty products. Terms of the transaction were not disclosed.Campbell’s purchased noosa as part of the Sovos Brands, Inc. acquisition in March 2024. At that time, Campbell’s shared its intention to evaluate strategic alternatives for the brand, as the yogurt category is not core to Campbell’s strategy.The noosa business generated net sales of $177 million for the last 12 months ending October 2024. Campbell’s does not expect the divestiture to have a material impact to its fiscal 2025 financial results. The transaction is expected to be dilutive to earnings per share by approximately $0.01 in fiscal 2025.Mick Beekhuizen, Executive Vice President and President, Campbell’s Meals & Beverages said, “noosa is a well-run business supported by a great team. We are pleased that i
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CPB
Earnings
- 8/29/24 - Beat
CPB
Sec Filings
- 11/20/24 - Form 8-K
- 11/12/24 - Form 8-K
- 11/4/24 - Form 4
- CPB's page on the SEC website