Campbell's earnings: Shipment timing gave big boost to snack brand

The Campbell's Company (CPB) — the food brand known for its various canned soups and snacks — posted its fiscal third quarter earnings results Monday morning, topping Wall Street estimates on the top and bottom line.
BofA Securities Food & Beverage Analyst Peter Galbo — who has an Underperform rating and a $37 per share price target on Campbell's stock — comes on The Morning Brief to talk more about Campbell's product pricing and the state of the US consumer.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

Try Our AI Features

Explore what Daily8 AI can do for you:

Learn with AIFact CheckingText to SpeechAI Summary

Related Articles

Time Business News

11 hours ago

• Time Business News

How to Find a Bookkeeping Company in Toronto: A Step-by-Step Guide

Whether you're a small business owner, a freelancer, or running a growing startup, having reliable bookkeeping services is crucial to managing your finances effectively. In a vibrant and competitive city like Toronto, the options for bookkeeping companies are vast—ranging from large firms to boutique providers and even virtual bookkeepers. But how do you choose the right one for your needs? Here's a practical guide to help you navigate the process of finding a trustworthy Toronto bookkeeper. Before reaching out to any firms, it's important to know what kind of services you require. Bookkeeping isn't just about recording expenses and revenues—it can also include payroll processing, GST/HST filings, bank reconciliations, invoicing, and preparing financial statements. Are you looking for full-service bookkeeping or just help with monthly reconciliations? Do you need industry-specific knowledge, such as for retail, hospitality, or real estate? Knowing your specific needs will help you narrow down your options. Toronto offers both in-person and virtual bookkeeping services. Some businesses prefer face-to-face meetings with a local bookkeeper, especially when dealing with sensitive financial information. Others are comfortable with cloud-based platforms like QuickBooks Online or Xero, and prefer virtual services that offer flexibility and often lower costs. Decide what works best for your comfort level and workflow. Ensure the company or individual you choose has the proper certifications. Look for credentials such as Certified Professional Bookkeeper (CPB) or affiliation with recognized organizations like the Canadian Bookkeepers Association (CBA) or the Institute of Professional Bookkeepers of Canada (IPBC). Certified professionals adhere to ethical standards and continuing education requirements, which means your books are in experienced hands. Word-of-mouth remains one of the most powerful tools when searching for reliable service providers. Ask fellow business owners, accountants, or your local chamber of commerce if they can recommend a reputable bookkeeper in Toronto. Additionally, online reviews on Google, Yelp, or Clutch can provide insights into customer satisfaction, responsiveness, and professionalism. Modern bookkeeping relies heavily on cloud software, automation tools, and integration with apps like Shopify, Stripe, or payroll systems like Wagepoint or ADP. A forward-thinking bookkeeping company will be proficient in these tools and help you streamline your financial processes. Ask potential providers about the software they use and whether they can work with your existing systems. Treat this like hiring a team member. Reach out to at least three bookkeeping companies and conduct brief interviews. Ask about their experience, the size and scope of clients they typically work with, their pricing models, and how they handle data security. This will help you compare and find the best fit for your business culture and budget. Bookkeeping companies in Toronto may charge hourly rates, flat monthly fees, or packages based on your transaction volume. Make sure you understand their pricing structure and what's included. Be wary of providers with unusually low rates—quality bookkeeping requires time and expertise, and cutting corners may cost you more in the long run. Once you've chosen a bookkeeping company, ask for a service agreement that outlines their responsibilities, timelines, confidentiality terms, and how communication will be handled. Some firms may offer a trial period or discounted introductory rate, which gives you a chance to evaluate their service before making a long-term commitment. Finding the right bookkeeping company in Toronto may take a little time, but it's a decision that can significantly impact your financial health and business success. By understanding your needs, doing due diligence, and communicating clearly with potential providers, you'll be well on your way to forming a professional relationship that supports your growth and peace of mind. TIME BUSINESS NEWS

Business Wire

16 hours ago

• Business Wire

Campbell's Mourns the Death of Long-time Board Member Mary Alice Dorrance Malone

BUSINESS WIRE)-- The Campbell's Company (NASDAQ:CPB) and the company's Board of Directors mourn Mary Alice Dorrance Malone who recently passed away at the age of 75. Malone was the longest-tenured member of Campbell's Board of Directors with 35 years of service. Malone was the granddaughter of Dr. John T. Dorrance, the inventor of condensed soup and President of the company from 1914-1930, and the daughter of John T. Dorrance Jr., a former Chair of the company from 1962-1984. She was elected to the Board in 1990 and served with distinction on many of the board's standing committees, most recently on the Governance and Compensation & Organization committees. Keith R. McLoughlin, Chair of the Board, said, 'We are deeply saddened by the passing of Mary Alice. As a descendent of the company's founder and a significant long-term shareholder, her contributions to grow and protect Campbell's legacy were immeasurable. She will be missed in our board meetings and as a friend and colleague. On behalf of my fellow board members, we extend our heartfelt condolences to her family and friends.' Malone was an entrepreneur, a private investor, and a philanthropist, having served for many years on the boards of several nonprofit organizations and actively participated in many philanthropic endeavors. Her passion and primary business were equestrian sports. She was President of Iron Spring Farm horse breeding and performance centers in Pennsylvania and Florida, which she founded in 1976. Mick Beekhuizen, Campbell's President and Chief Executive Officer, said, 'Mary Alice was a highly committed director and helped guide the company through many chapters. Her extensive knowledge of Campbell's history, organization and culture, and her love for our food and iconic brands were invaluable to management and the board. Her positive impact on the company will last for generations to come. Everyone at Campbell's offers our deepest condolences to her loved ones.' Malone is survived by two daughters. Funeral arrangements are not public. The family respectfully requests privacy during this time of mourning. The board will be considering the election of a new member. About The Campbell's Company For 155 years, The Campbell's Company (NASDAQ:CPB) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted Campbell's to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. The Campbell's portfolio of 16 leadership brands includes: Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory pretzel crisps, Snyder's of Hanover, Swanson and V8. For more information, visit

Yahoo

2 days ago

• Yahoo

US is the 'wild card' in Iran–Israel conflict

Oil (CL=F, BZ=F) prices tick higher as conflict in the Middle East continues, reversing a brief dip on ceasefire hopes. Daniel Dicker, founder of The Energy Word, joins Morning Brief to explain why the US response is the real "wildcard" for oil markets and how he expects to see oil supply and demand impacted. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. I just would like to start with your outlook for oil right now given some of what we've already seen transpire in the Middle East. Well, Brad, historically speaking these kinds of um Middle Eastern dust ups haven't made much of an impact on global supply but you know there's always a first time and and uh this one is has the wild card of course of of Trump and and uh you know his uh mixed messages going into the, you know, the the war being a part of it or or being a supporter of of Israel with armaments or or more. So um the uh the uh supply problems that are inherent in the two combatants isn't much either from Iran and certainly not from Israel and the Iranians have only limited response to put pressure on oil you know in the straits of Hormuz which historically speaking hasn't been much of a threat. It's been well known inside Iran that the United States will not allow a closing of the straits of Hormuz, so the threats tend to be ignored and they they have been for the most part ignored. Um so the question really becomes you know, how much wider will this get and the wild card as I say is is the United States right now. From what we've been able to track thus far are there already ships that are trying to avoid even a wider radius or a wider zone and thus could add to some of the near term costs at least for delivery that has also a kind of knock on effect to prices paid? Uh you know, Brad, really there's really not much there inside of the the shipping uh issues again, you know, these are these are very weak threats that Iranians have made several times in the past going back 10 15 20 years and uh one time when there was uh you know, an event between an Iranian gunboat and US forces, you know, was quickly made clear to the Iranians that you know, it would not be tolerated in any way for shipping lanes to be shut down for Western supplies of oil coming out of Saudi Arabia, Dubai and what have you. So, you know, again, these are uh you know, they there might be some shipping lanes that are being given a slightly wider birth, but in terms of any, you know, long-term difficulties um with the Iranian side or the Iranian straight for moves, I I don't see it. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data