Campbell to Divest Its noosa Yogurt Brand to Focus on Core Business [Yahoo! Finance]
Campbell Soup Company (CPB)
Last campbell soup company earnings: 3/4 07:30 am
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Source: Yahoo! Finance
The noosa yogurt brand is an ideal fit for Lakeview Farms, which produces fresh dips, desserts and specialty products. Notably, noosa's products fully complement Lakeview's existing product offerings. The deal is anticipated to close in the first quarter of 2025, upon the satisfaction of regulatory approvals. Campbell, a leading food producer known for its iconic brands, expects the sale of noosa yogurt to have no major impact on its results for fiscal 2025. Campbell acquired noosa in March 2024 as part of the Sovos Brands, Inc. buyout. Since acquiring noosa yogurt, the company has been exploring strategic options for noosa, as the yogurt category does not align with its core business strategy. The yogurt brand has performed well, generating net sales of $177 million for the 12 months ending Oct. 2024. The sale of noosa yogurt aligns well with Campbell's strategy to concentrate on its portfolio of leading brands, reinforcing its commitment to focus on core business areas. The tr
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News
- Here are Thursday's biggest analyst calls: Nvidia, Netflix, Amazon, Microsoft, Tesla, Meta, Campbell Soup & more [CNBC]CNBC
- Campbell Soup (NASDAQ: CPB) was upgraded by analysts at Piper Sandler from a "neutral" rating to an "overweight" rating. They now have a $56.00 price target on the stock, up previously from $47.00.MarketBeat
- Campbell to sell Noosa yogurt brand to Lakeview Farms [Yahoo! Finance]Yahoo! Finance
- Lakeview Farms Expands Into Yogurt Category with Acquisition of noosa yoghurt [Yahoo! Finance]Yahoo! Finance
- Campbell’s to Sell noosa Business to Lakeview FarmsBusiness Wire
CPB
Earnings
- 8/29/24 - Beat
CPB
Sec Filings
- 11/12/24 - Form 8-K
- 11/4/24 - Form 4
- 11/4/24 - Form 4
- CPB's page on the SEC website