Campbell’s to Eliminate Artificial Colors, Flavors

Campbell Soup Company, together with its consolidated subsidiaries, is a manufacturer and marketer of high-quality, branded convenience food products.

In other Campbell Soup Company news, Director Paul R. Charron sold 3,332 shares of Campbell Soup Company stock in a transaction that occurred on Tuesday, June 9th. The company reported $0.62 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.10. The Company operates in five segments: U.S. Simple Meals; Global Baking and Snacking; worldwide Simple Meals and Beverages; U.S. Beverages and Bolthouse and Foodservice. In an effort to its top line, Campbell said it aims to increase sales of biscuits and snacks in developing markets such as Indonesia and China.

Campbell Fresh, which now combines recently-acquired Garden Fresh Gourmet with the Bolthouse Farms portfolio and Campbell’s retail refrigerated soups, is focused on building scale and accelerating growth in rapidly expanding packaged fresh categories as the company strengthens its health and well-being platform.

Earlier Wednesday, Campbell raised its full-year profit forecast as savings came in earlier than expected.

The company said it plans to remove artificial colors and flavors from almost all of its North American products by the end of fiscal 2018. New flavor varieties of Campbell Organic soup will reach store shelves in August, and Mr. Alexander said the company has plans to expand the Plum line of organic food for babies and children. It said that would reflect the negative impact of currency translations.

Finally, Campbell threw light on its fiscal 2015 guidance.

The company expects an annual sales decline of 1 percent, consistent with earlier estimates.

Shares of Campbell Soup were up 2.1% at $48.46 on Wednesday. This compares favorably with the previous outlook, where management had projected fiscal 2015 EPS to be on the higher end of the -5% to -3% range, signifying EPS in a band of $2.32-$2.38.

CEO Denise Morrison updated investors on Campbell’s strategies to improve its financial performance. These include the company’s intentions of strengthening consumer confidence by clearly unveiling its recipes and ingredients.

Campbell Soup Company (NYSE:CPB) has received a short term rating of strong buy from research analysts at Zacks with a rank of 1.

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