Campbell Soup Company (CPB) has unveiled a bold long-term growth plan during its Investor Day event at Nasdaq MarketSite in New York City. The company’s new strategy is aimed at achieving significant expansion across its operations, targeting organic net sales growth of 2%-3%, adjusted EBIT growth of 4-6%, and adjusted EPS growth of 7%-9% through fiscal 2027.
This ambitious plan includes a $250 million cost-saving initiative designed to enhance margins and reinvest in the business. Campbell has been making notable progress since 2019, refining its portfolio through key acquisitions such as Sovos Brands, improving operational efficiencies, and delivering strong financial results.
President and CEO Mark Clouse emphasized the company’s readiness to enter a new era, aiming to set industry standards with a revamped strategy and a potential rebranding to “The Campbell’s Company,” subject to shareholder approval.
The company’s Snacks division is set to drive growth through innovation and a strengthened distribution model, while the Meals & Beverages division will focus on quality and value, leveraging its recent acquisition to boost its portfolio. CFO Carrie Anderson highlighted that Campbell’s internal cash flow generation will support its growth and shareholder value creation efforts.
CPB shares are trading lower by 0.16% to $51.66 at last check Tuesday.
