Campbell Soup Targets Up To 3% Organic Sales Growth In 2027 And Major Rebrand To 'The Campbell's Company'
Portfolio Pulse from Nabaparna Bhattacharya
Campbell Soup Company (NASDAQ:CPB) announced a long-term growth plan targeting 2%-3% organic sales growth by 2027, alongside a potential rebrand to 'The Campbell's Company'. The strategy includes a $250 million cost-saving initiative and focuses on innovation in its Snacks division and quality in its Meals & Beverages division.
September 10, 2024 | 5:58 pm
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Campbell Soup Company aims for 2%-3% organic sales growth by 2027, with a potential rebrand to 'The Campbell's Company'. The plan includes a $250 million cost-saving initiative and focuses on innovation in Snacks and quality in Meals & Beverages.
The announcement of a long-term growth plan with specific targets for sales, EBIT, and EPS growth is likely to positively impact CPB's stock in the short term. The potential rebrand and focus on innovation and quality could enhance investor confidence.
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