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Campbell Soup

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BUSINESS
May 21, 2012 | By Tiffany Hsu
Campbell Soup Co. will raise prices on its condensed soups by 5% in June as the company tries to turn itself around amid sliding profits. Blame high production costs and continued inflation for the price increase, according to Campbell Senior Vice President B. Craig Owens in a conference call with analysts. The company previously raised its soup prices 5% in June 2011. Sales for the soup segment - Campbell's most famous - fell 3% for the third quarter, which ended April 29. Overall, sales inched up 0.4% to $1.82 billion.
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BUSINESS
September 4, 2013 | By Ricardo Lopez
Talk about corporate synergy: Campbell Soup Co. announced Wednesday it will start selling soup pods beginning next year that can be heated on Keurig brand coffee brewers. The K-cups, as the pods are known, will have a broth inside that can be brewed over a packet of dry pasta and a "vegetable blend garnish," the company said in a joint statement with Green Mountain Coffee Roasters Inc., the parent company of Keurig. “This innovative partnership is a win for consumers and for both companies, and represents another important step as Campbell expands into higher-growth spaces,” said Denise Morrison, Campbell's chief executive.
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BUSINESS
July 9, 2012 | By Tiffany Hsu
Campbell Soup Co., maker of canned soups and packaged cookies, is moving in a fresher and more healthful direction with its $1.55-billion purchase of Bakersfield, Calif.-based Bolthouse Farms. Now approaching its 100th anniversary, Bolthouse was among the first to sell baby carrots and is also known for its refrigerated salad dressings and so-called super-premium juices. The operation sells products under the Bolthouse Farms, Earthbound Farms and Green Giant brands and in the most recent fiscal year brought in sales of $689 million.
BUSINESS
July 9, 2012 | By Tiffany Hsu
Campbell Soup Co., maker of canned soups and packaged cookies, is moving in a fresher and more healthful direction with its $1.55-billion purchase of Bakersfield, Calif.-based Bolthouse Farms. Now approaching its 100th anniversary, Bolthouse was among the first to sell baby carrots and is also known for its refrigerated salad dressings and so-called super-premium juices. The operation sells products under the Bolthouse Farms, Earthbound Farms and Green Giant brands and in the most recent fiscal year brought in sales of $689 million.
BUSINESS
May 22, 2007 | Times wire services
Campbell Soup Co. said fiscal third-quarter earnings rose 31%, helped by higher beverage sales and one-time benefits. The results exceeded Wall Street forecasts and the company raised its outlook for the rest of the year. Profit for the quarter ended April 29 was $217 million, or 55 cents a share, up from $166 million, or 40 cents, a year earlier. Revenue grew 8% to $1.87 billion. Excluding one-time items, earnings from continuing operations were $179 million, or 45 cents a share.
BUSINESS
June 2, 2000 | Reuters
Campbell Soup Co., whose red-and-white cans were once a staple of American kitchens, made a series of executive appointments as part of a broad management shake-up aimed at boosting the flagging market share and profitability of its U.S. soup business. Two months after David Johnson returned to the helm of the company, Campbell promoted Marty Thrasher to president of Campbell North America, where the Camden N.J.-based company's performance has shown particular weakness.
BUSINESS
December 27, 1985
Campbell Soup said it has begun a market test of a line of microwaveable soup. The line, called Cookbook Classics, is being tested initially in the Philadelphia area.
BUSINESS
August 10, 2007 | From the Associated Press
Campbell Soup Co. is putting Godiva up for sale, saying the decadent Belgian chocolate does not fit with the company's focus on healthy, down-home foods. The Camden, N.J.-based company announced Thursday that it had hired Centerview Partners to advise it on what to do with Godiva Chocolatier Inc., which Campbell Soup has owned for more than 40 years.
CALIFORNIA | LOCAL
August 23, 1992 | Associated Press
Campbell Soup Co. has promised to state the sodium content of its soups, as well as the recommended maximum daily intake of sodium, in most advertisements that mention heart disease, the Federal Trade Commission announced Friday. The FTC accused Campbell in 1989 of falsely linking the low-fat, low-cholesterol content of most of its soups to a reduced risk of some types of heart disease. The ad failed to mention that the soups were high in sodium, the FTC said.
BUSINESS
July 10, 2007 | From Reuters
Campbell Soup Co. laid out plans Monday to start selling its iconic soups in Russia and China, the world's largest soup consuming markets and two of its fastest-growing economies. Camden, N.J.-based Campbell, which pared back its international business in recent years to focus on boosting sales in North America, said soup servings in Russia and China far exceeded those of the United States, representing a big opportunity for the company to increase revenue. In the U.S.
BUSINESS
May 21, 2012 | By Tiffany Hsu
Campbell Soup Co. will raise prices on its condensed soups by 5% in June as the company tries to turn itself around amid sliding profits. Blame high production costs and continued inflation for the price increase, according to Campbell Senior Vice President B. Craig Owens in a conference call with analysts. The company previously raised its soup prices 5% in June 2011. Sales for the soup segment - Campbell's most famous - fell 3% for the third quarter, which ended April 29. Overall, sales inched up 0.4% to $1.82 billion.
ENTERTAINMENT
July 10, 2011 | By Christopher Knight, Los Angeles Times Art Critic
Why did Andy Warhol paint pictures of Campbell's soup cans? Why not, say, cans of Chef Boyardee ravioli? Or B&M baked beans? Why not Alpo, one of the first commercially available canned dog foods? Alpo was manufactured in Allentown, Pa., across the state from Pittsburgh, Warhol's hometown. Supermarkets stocked lots of canned goods, circa 1960. Any one of them could have signified the ubiquity of commercial imagery in contemporary American life. Any one of them could epitomize modern mass production at its most banal.
ENTERTAINMENT
July 10, 2011
Andy Warhol's Campbell's Soup Cans Where: Museum of Contemporary Art, Grand Ave., 250 S. Grand Ave., Los Angeles When: Through Sept. 7; 11 a.m. to 5 p.m. Mondays and Fridays, 11 a.m.-8 p.m. Thursdays, 11 a.m.- 6 p.m. Saturdays and Sundays Cost: $10; free 5 to 8 p.m. Thursdays
CALIFORNIA | LOCAL
January 14, 2010 | By Valerie J. Nelson
Donald E. Goerke, the Campbell Soup Co. executive who hit the bull's-eye of prepared foods by overseeing the creation of the kid-friendly circular pasta called SpaghettiOs, has died. He was 83. Gorke died Sunday of heart failure at his home in Delran, N.J., a Campbell spokeswoman confirmed. In the mid-1960s, Goerke -- pronounced GUHR-kee -- was dubbed "the Daddy-O of SpaghettiOs" for leading the team charged with creating an easy-to-eat canned pasta. Hundreds of shapes were proposed during the yearlong debate, but Goerke ended the chatter by saying, "Enough already!
BUSINESS
August 10, 2007 | From the Associated Press
Campbell Soup Co. is putting Godiva up for sale, saying the decadent Belgian chocolate does not fit with the company's focus on healthy, down-home foods. The Camden, N.J.-based company announced Thursday that it had hired Centerview Partners to advise it on what to do with Godiva Chocolatier Inc., which Campbell Soup has owned for more than 40 years.
BUSINESS
July 10, 2007 | From Reuters
Campbell Soup Co. laid out plans Monday to start selling its iconic soups in Russia and China, the world's largest soup consuming markets and two of its fastest-growing economies. Camden, N.J.-based Campbell, which pared back its international business in recent years to focus on boosting sales in North America, said soup servings in Russia and China far exceeded those of the United States, representing a big opportunity for the company to increase revenue. In the U.S.
BUSINESS
September 6, 1996 | From Associated Press
Campbell Soup Co. plans to lay off hundreds of workers, close plants around the country and sell some of its less profitable businesses in its latest move to boost sales and earnings. Campbell also said Thursday that it will buy back as much as $2.5 billion worth of its stock, a step intended to make remaining shares more valuable. Details about the offer will be announced next week, it said. The developments were cheered by many investors. New York Stock Exchange-listed Campbell jumped 6.
BUSINESS
May 1, 2000 | From Associated Press
The world's largest grower of macadamia nuts has changed hands. Campbell Soup Co. said Friday that it has sold MacFarms of Hawaii to Blue Diamond Growers, a cooperative owned by California nut producers, for an undisclosed price. The sale includes 3,900 acres of macadamia orchards and a processing plant in South Kona on the island of Hawaii. MacFarms also buys nuts from 600 independent growers.
BUSINESS
May 22, 2007 | Times wire services
Campbell Soup Co. said fiscal third-quarter earnings rose 31%, helped by higher beverage sales and one-time benefits. The results exceeded Wall Street forecasts and the company raised its outlook for the rest of the year. Profit for the quarter ended April 29 was $217 million, or 55 cents a share, up from $166 million, or 40 cents, a year earlier. Revenue grew 8% to $1.87 billion. Excluding one-time items, earnings from continuing operations were $179 million, or 45 cents a share.
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