Campbell Divests Pop Secret Business To Our Home, Terms Not Disclosed; Transaction To be Dilutive To FY25 EPS By Approximately $0.04
Portfolio Pulse from Benzinga Newsdesk
Campbell has divested its Pop Secret business to Our Home, with the transaction expected to dilute Campbell's FY25 EPS by $0.04. The Pop Secret business generated $120 million in net sales in fiscal 2024.
August 26, 2024 | 8:35 pm
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Campbell has divested its Pop Secret business, which will dilute its FY25 EPS by $0.04. The business generated $120 million in sales in FY24.
The divestment of Pop Secret is expected to dilute Campbell's FY25 EPS by $0.04, indicating a negative short-term impact on earnings. The $120 million in sales from Pop Secret in FY24 highlights the significance of this business to Campbell's revenue.
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