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News Article | October 28, 2016
Site: www.prweb.com

Learn Medical Coding LLC provides training in medical coding and billing worldwide, has launched new medical coding programs. The programs will be taught using a Stimulive platform. A Stimulive platform is very similar to a live class but it is prerecorded. Students will be able to listen and watch lectures take test and ask questions in real time. These new courses are geared towards professionals seeking certification but does not have the time to attend a live class but needs more assistance completing a course than a self-study course offers. These courses train students to be inpatient and outpatient coders respectively. The program meets all of the eligibility requirements for the AHIMA CCS, CCS-P AND CCA requirements. And students that takes this course will be well prepared to take the CPC , CIC, COC offered by the AAPC. The Stimulive education programs include medical coding, health information technology, medical terminology, anatomy, pathophysiology, reimbursement methodology and pharmacology. All the courses are taught by expert coding instructors with over 18 years of experience in inpatient and outpatient coding. Our trainers have also been trained by AHIMA and the AAPC to teach students medical coding. “Medical Coders should never limit themselves to only one certification,” said, Chatrione Harris CCS, CPC, RHIT, CIC, CPB, CPMA, CEO of Learn Medical Coding. “The more certifications, the higher the coder income will be, and the more job opportunities will be available for new and experienced coders, so we have improved our program to assist students with studying for more than one certification during one course.” Most of Learn Medical Coding classes will be converted to Stimulive classes. For students thinking of a career change and have been seeking an online program to receive a certification for many new job opportunities, the new Stimulive courses offered byLearn Medical Coding may be the best option for professional students. The tuition for the programs is designed to be affordable for even those with other responsibilities and obligations. Lmc wants students to succeed and will do everything possible to help. During the courses, students will attend class when it is convenient for them. An instructor will pre-record lectures for the students and upload two lectures per week. To ensure that students never feel alone in the learning process students will have the opportunity to ask questions in real- time via the new Stimulive platform.


News Article | November 28, 2016
Site: www.businesswire.com

SAN DIEGO--(BUSINESS WIRE)--General Atomics Aeronautical Systems, Inc. (GA-ASI), a leading manufacturer of Remotely Piloted Aircraft (RPA) systems, radars, and electro-optic and related mission systems solutions, today announced that its Type-Certifiable Predator® B (TCPB) variant completed its first flight test at the company’s Gray Butte Flight Operations Facility near Palmdale, Calif., on November 17th. “The first flight of our Certifiable Predator-B aircraft is a major milestone in our progression towards delivering a RPA that meets all NATO airworthiness requirements,” said Linden Blue, CEO, GA-ASI. “The CPB is the first RPA system of its kind to be compliant with an international type-certification standard, and can therefore be more easily integrated into civil airspace operations around the world.” Qualification testing for type certification will continue over the next two years, with deliveries to the UK Royal Air Force, expected to begin in late 2018. To facilitate qualification testing, GA-ASI is building three company-owned aircraft, along with two airframes designed specifically for full-scale fatigue and static testing. GA-ASI began its internally-funded development effort to modify Predator B in 2012. The type-certifiable aircraft is fully compliant with NATO’s UAV SYSTEM AIRWORTHINESS REQUIREMENTS (defined in STANAG 4671) and the related UK DEFSTAN 00-970. TCPB will be offered in several configurations, including an unweaponized maritime patrol variant to support open-ocean and littoral surface surveillance for border patrol, coast guard, and disaster relief missions. Photos of Certifiable Predator B are available to qualified media outlets from the listed GA-ASI media contact. General Atomics Aeronautical Systems, Inc., an affiliate of General Atomics, delivers situational awareness by providing remotely piloted aircraft systems, radar, and electro-optic and related mission systems solutions for military and commercial applications worldwide. The company’s Aircraft Systems business unit is a leading designer and manufacturer of proven, reliable RPA systems, including Predator A, Predator B/MQ-9 Reaper® and Predator B/MQ-9 Reaper Extended Range (ER), Gray Eagle and Gray Eagle ER, Predator C Avenger® and Avenger ER, Predator XP, and Certifiable Predator B. It also manufactures a variety of state-of-the-art digital GCS, including the next-generation Advanced Cockpit GCS, and provides pilot training and support services for RPA field operations. The Mission Systems business unit designs, manufactures, and integrates the Lynx® Multi-mode Radar and sophisticated Claw® sensor control and image analysis software into both manned and remotely piloted aircraft. It also focuses on providing integrated sensor payloads and software for ISR aircraft platforms and develops high energy lasers, electro-optic sensors, and meta-material antennas. For more information, please visit www.ga-asi.com. Predator, Reaper, Gray Eagle, Avenger, Lynx, and Claw are registered trademarks of General Atomics Aeronautical Systems, Inc.


News Article | December 20, 2016
Site: www.businesswire.com

CAMDEN, N.J.--(BUSINESS WIRE)--Today, Campbell Soup Company (NYSE:CPB) launched Well Yes!, a new ready-to-serve soup line that features clean, simple and nutritious ingredients. The innovative line of soups showcases ingredients that people know and understand, including wholesome grains, meats and vegetables. “Our goal is to bring real, affordable and deliciously crafted soup to the soup aisle with the introduction of Well Yes!” said Sophie Arsenlis, Director of Marketing, Soup Strategy at Campbell Soup Company. “We thought differently about the creation of this soup, from flavor combinations, to our package design to the types of ingredients we sourced. With the Well Yes! brand, we are saying ‘yes’ to real food and well-being by only using ingredients that consumers know and trust.” Well Yes! was pioneered by a group of passionate Campbell employees who tapped into their own desires and preferences to create a soup crafted with care, choosing real, nutritious ingredients without compromising flavor. Well Yes! soups feature purposeful ingredients like kale, quinoa, barley, beans, sweet potatoes and whole grains. The soups are available in nine varieties, offering real ingredients everyone can recognize. The soups are made with carefully selected and sourced ingredients like chicken meat with no antibiotics. Well Yes! soups contain no artificial colors, flavors, ingredients or modified starches. Additionally, the packaging is a non-BPA lined can and recyclable. The first nine soups within the product line include: Celebrating A #WellYesMoment The Well Yes! brand is renouncing unrealistic resolutions and proclaiming 2017 as the year to say “yes” to small, positive moments each day. Well Yes! is partnering with actress and mother Busy Philipps to announce #WellYesMoment – a campaign that reframes the narrative around New Year’s resolutions and fosters saying “yes” to small things all year long. According to a recent survey by Wakefield Research, nearly two in five people (39%) roll their eyes to the sentiment, “New Year, New You,” and 65% have found more success sticking to smaller, daily activities, compared to larger ones that take longer to complete. “It can be easy to fall into the habit of placing too much pressure on ourselves, especially around the New Year, and it’s time to stop setting unrealistic resolutions,” said Busy Philipps. “Through the #WellYesMoment campaign, everyone can share those small, positive moments that encourage you to say ‘yes’ to happiness like waking up an hour earlier for some ‘me’ time.” Well Yes! is encouraging people to join the conversation by sharing their #WellYesMoment on Facebook, Instagram or Twitter. A #WellYesMoment should be an easy, small declaration, whether it’s taking time to send a handwritten thank you note to a friend or drinking a glass of water first thing in the morning. About Well Yes! Launching in January, a new integrated marketing campaign will celebrate Well Yes! soup. Video spots, created by BBDO New York, celebrate the chef-selected ingredients featured in the nine new Well Yes! soup varieties. Well Yes! soups are packaged in 16.6 oz., non-BPA lined cans which are available nationwide for a suggested retail price of $2.69. For more information, visit www.campbells.com/well-yes, www.facebook.com/CampbellsWellYes/, www.instagram.com/CampbellsWellYes/ and Twitter.com/WellYes. About Campbell Soup Company Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens and Garden Fresh Gourmet. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com.


News Article | November 22, 2016
Site: www.businesswire.com

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) today reported its first-quarter results for fiscal 2017.   Three Months Ended ($ in millions, except per share)       Oct. 30, 2016 Nov. 1, 2015 % Change Net Sales As Reported (GAAP) $2,202 $2,203 - % Organic (1 )% Earnings Before Interest and Taxes As Reported (GAAP) $457 $315 45 % Adjusted $486 $479 1 % Diluted Earnings Per Share As Reported (GAAP) $0.94 $0.62 52 % Adjusted $1.00 $0.95 5 %   Note: A detailed reconciliation of th


NEW YORK, November 28, 2016 /PRNewswire/ -- Stock-Callers.com monitors the performances of these four Processed and Packaged Goods equities at the close: Flowers Foods Inc. (NYSE: FLO), ConAgra Brands Inc. (NYSE: CAG), Campbell Soup Co. (NYSE: CPB), and Snyder's-Lance Inc. (NASDAQ:...


News Article | February 17, 2017
Site: www.businesswire.com

Note: A detailed reconciliation of the reported (GAAP) financial information to the adjusted financial information is included at the end of this news release. Denise Morrison, Campbell’s President and Chief Executive Officer, said, “ I am not satisfied with our sales performance this quarter. Declines were most prominent in Campbell Fresh driven by a market share decline and weather-related issues in carrots, capacity constraints from the Bolthouse Farms Protein PLUS recall last June, and Garden Fresh Gourmet. Although V8 shelf-stable beverages declined, I am encouraged by the positive momentum in our core U.S. soup, simple meals and Pepperidge Farm snacks businesses. U.S. soup sales increased in the quarter, driven by our ready-to-serve varieties, such as Chunky and new Well Yes!, which performed above expectations. “ C-Fresh performance was below our expectations. The new C-Fresh management team has conducted an extensive review of the business and has determined the recovery will take longer to execute than we originally planned. As a result, we no longer expect C-Fresh to grow this fiscal year. Despite these challenges, we remain confident in the growth potential of the packaged fresh category. C-Fresh continues to be an important strategic business for Campbell to meet growing consumer demand for fresh foods and interest in health and well-being. “ We continued to over-deliver on our cost savings initiative, and now expect to achieve our target a year ahead of schedule. We have increased our savings target from $300 million by the end of fiscal 2018 to $450 million by the end of fiscal 2020. Looking ahead, we expect to improve our sales performance in the back half and are maintaining our guidance for the fiscal year.” The company reported earnings of $0.33 per share in the quarter. In the second quarter of fiscal 2017, the company performed an interim impairment assessment on the intangible assets of the Bolthouse Farms carrot and carrot ingredients reporting unit and the Garden Fresh reporting unit as operating performance was well below expectations and the new leadership team of the Campbell Fresh division initiated a strategic review. This performance and review led to a revised outlook for future sales, earnings and cash flow. The current quarter results reflect a pre-tax non-cash impairment charge of $147 million, or $0.45 per share, to reduce the carrying value of the intangible assets of the Bolthouse Farms carrot and carrot ingredients reporting unit. The current quarter results also reflect a pre-tax non-cash impairment charge of $65 million, or $0.13 per share, to reduce the carrying value of the intangible assets of the Garden Fresh reporting unit. The prior-year quarter included pre-tax charges related to cost savings initiatives of $16 million, or $0.03 per share, and a pre-tax gain related to a pension benefit mark-to-market adjustment of $7 million, or $0.01 per share. Excluding items impacting comparability in both periods, adjusted EPS increased 5 percent to $0.91 per share, compared with $0.87 per share in the year-ago quarter. A detailed reconciliation of the reported (GAAP) financial information to the adjusted information is included at the end of this news release. Sales decreased 1 percent to $2.171 billion driven by the decline in organic sales, partially offset by the favorable impact of currency translation. Organic sales decreased 2 percent driven by lower volume and higher promotional spending. Gross margin increased from 37.2 percent to 38.0 percent. Excluding items impacting comparability in the prior year, adjusted gross margin improved 0.7 percentage points. The increase in adjusted gross margin was primarily driven by productivity improvements and the benefits from cost savings initiatives, partly offset by higher supply chain costs and inflation, as well as higher promotional spending. The adjusted gross margin increase reflects the continued gross margin expansion in Americas Simple Meals and Beverages. The increase in supply chain costs was primarily driven by higher carrot costs in the quarter due to the adverse impact on crop yields of heavy rains in December and January. Marketing and selling expenses increased 6 percent to $237 million. Excluding items impacting comparability in the prior year, adjusted marketing and selling expenses increased 5 percent primarily due to higher advertising and consumer promotion expenses. Administrative expenses decreased 5 percent to $139 million. Excluding items impacting comparability in the prior year, adjusted administrative expenses decreased 3 percent primarily due to lower incentive compensation costs compared to the prior year, partly offset by higher benefit-related costs and investments in long-term innovation. EBIT decreased 50 percent to $205 million, principally driven by the impairment charges in the current-year quarter. Excluding items impacting comparability, adjusted EBIT decreased 1 percent to $417 million reflecting lower sales and higher marketing and selling expenses, partly offset by a higher adjusted gross margin percentage. Net interest expense increased 4 percent to $28 million reflecting higher average interest rates on the debt portfolio, partly offset by lower levels of debt. The tax rate increased to 42.9 percent as compared with a tax rate of 31.5 percent in the prior year. Excluding items impacting comparability, the adjusted tax rate decreased 3.8 percentage points to 27.8 percent as the timing of tax expense on an adjusted basis was favorably impacted by the goodwill impairment. The outlook for the full-year adjusted tax rate remains unchanged and is expected to be approximately 32 percent. Sales decreased 1 percent to $4.373 billion driven by a 1 percent decline in organic sales, partly offset by the favorable impact of currency translation. EBIT decreased 9 percent to $662 million. Excluding items impacting comparability, adjusted EBIT was comparable to the prior year at $905 million reflecting a higher adjusted gross margin percentage and lower administrative expenses, offset by higher marketing and selling expenses and volume declines. Net interest expense increased 2 percent to $56 million reflecting higher average interest rates on the debt portfolio, partly offset by lower levels of debt. The tax rate increased 3.2 percentage points to 35.1 percent. Excluding items impacting comparability, the adjusted tax rate decreased 2.7 percentage points to 30.2 percent. Cash flow from operations decreased to $667 million from $754 million a year ago primarily due to changes in accrued liabilities, principally accrued taxes and accrued incentive compensation. In fiscal 2015, Campbell launched a comprehensive reorganization and multi-year cost savings initiatives with targeted annualized cost savings of $300 million by fiscal 2018. Campbell now expects to achieve $300 million in cost savings by the end of fiscal 2017, a year earlier than anticipated. Based on the success of the program to date and the identification of additional savings opportunities, the savings target is being increased from $300 million by the end of fiscal 2018 to $450 million by the end of fiscal 2020. Campbell continues to expect sales to increase by 0 to 1 percent, adjusted EBIT to increase by 1 to 4 percent, and adjusted EPS to increase by 2 to 5 percent, or $3.00 to $3.09 per share. This guidance assumes the impact from currency translation will be nominal. A non-GAAP reconciliation is not provided for 2017 guidance since certain items are not estimable, such as pension and postretirement mark-to-market adjustments, and these items are not considered to be part of the company's ongoing business results. An analysis of net sales and operating earnings by reportable segment follows: Sales in the quarter were comparable to the prior year at $1.231 billion. Excluding the favorable impact of currency translation, segment sales decreased 1 percent driven by declines in V8 beverages, partly offset by gains in soup, Prego pasta sauces and Plum products. Sales of U.S. soup increased 1 percent driven by gains in ready-to-serve soups, mostly offset by declines in broth and condensed soups. Segment operating earnings increased 8 percent to $313 million. The increase was driven by a higher gross margin percentage, partly offset by increased advertising and consumer promotion expenses. Sales in the quarter were comparable to the prior year at $680 million. Excluding the favorable impact of currency translation, segment sales decreased 1 percent primarily driven by declines in Kelsen, primarily in the U.S., and Arnott’s biscuits, partly offset by gains in Pepperidge Farm. Pepperidge Farm sales increased due to gains in Goldfish crackers and Pepperidge Farm cookies, partly offset by declines in fresh bakery and frozen products. Segment operating earnings decreased 4 percent to $135 million. The decrease was primarily driven by a lower gross margin percentage. Sales in the quarter decreased 8 percent to $260 million driven by lower sales of carrots, Bolthouse Farms refrigerated beverages, and Garden Fresh Gourmet, partly offset by gains in refrigerated soup. Segment operating earnings decreased from $21 million to a loss of $3 million reflecting increased carrot costs due to the adverse impact on crop yields of heavy rains in December and January, as well as the cost impact of lower beverage operating efficiency and lower sales. Unallocated corporate expenses for the quarter were $241 million compared to $29 million in the prior year. The current-year quarter included the pre-tax non-cash impairment charges of $212 million related to the Campbell Fresh segment. The prior-year quarter included $7 million of pre-tax charges associated with Campbell’s initiatives to implement a new enterprise design, to reduce costs and to streamline its organizational structure. The prior-year quarter also included a $7 million pre-tax gain related to a pension benefit mark-to-market adjustment. Campbell will host a conference call to discuss these results today at 9:00 a.m. Eastern Time. To join, dial +1 (703) 639-1316. The conference ID is 40985838. Access to a live webcast of the call with accompanying slides, as well as a replay of the call, will be available at investor.campbellsoupcompany.com. A recording of the call will also be available until midnight on March 3, 2017, at +1 (404) 537-3406. The access code for the replay is 40985838. Campbell (NYSE:CPB) is driven and inspired by our Purpose, “ Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens and Garden Fresh Gourmet. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com. This release contains “forward-looking statements” that reflect the company’s current expectations about the impact of its future plans and performance on the company’s business or financial results. These forward-looking statements, including the statements made regarding sales, EBIT and EPS guidance for fiscal 2017, rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. The factors that could cause the company’s actual results to vary materially from those anticipated or expressed in any forward-looking statement include (1) the company’s ability to manage changes to its organizational structure and/or business processes; (2) the company’s ability to realize projected cost savings and benefits from its efficiency programs; (3) the impact of strong competitive responses to the company’s efforts to leverage its brand power in the market; (4) the impact of changes in consumer demand for the company’s products and favorable perception of the company’s brands; (5) the impact of product quality and safety issues, including recalls and product liabilities; (6) the risks associated with trade and consumer acceptance of the company’s initiatives, including its trade and promotional programs; (7) the practices, including changes to inventory practices, and increased significance of certain of the company’s key trade customers; (8) the impact of disruptions to the company’s supply chain, including fluctuations in the supply or costs of energy and raw and packaging materials; (9) the impact of non-U.S. operations, including trade restrictions, public corruption and compliance with foreign laws and regulations; (10) the impact of business portfolio changes; (11) the uncertainties of litigation and regulatory actions against the company; (12) disruption to the independent contractor distribution models used by certain of the company’s businesses, including the results of litigation or regulatory actions that could affect their independent contractor classification; (13) the company’s ability to protect its intellectual property rights; (14) the impact of an impairment to goodwill or other intangible assets; (15) the impact of increased liabilities and costs related to the company’s defined benefit pension plans; (16) the impact of a material failure in or breach of the company’s information technology systems; (17) the company’s ability to attract and retain key talent; (18) the impact of changes in currency exchange rates, tax rates, interest rates, debt and equity markets, inflation rates, economic conditions, law, regulation and other external factors; (19) the impact of unforeseen business disruptions in one or more of the company’s markets due to political instability, civil disobedience, terrorism, armed hostilities, natural disasters or other calamities; and (20) other factors described in the company’s most recent Form 10-K and subsequent Securities and Exchange Commission filings. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release. Certain amounts in the prior year were reclassified to conform to the current-year presentation. The company adopted new accounting guidance for stock-based compensation in the first quarter of 2017. Certain amounts in the prior year were reclassified to conform to the current-year presentation. Reconciliation of GAAP to Non-GAAP Financial Measures Second Quarter Ended January 29, 2017 Campbell Soup Company uses certain non-GAAP financial measures as defined by the Securities and Exchange Commission in certain communications. These non-GAAP financial measures are measures of performance not defined by accounting principles generally accepted in the United States and should be considered in addition to, not in lieu of, GAAP reported measures. Management believes that also presenting certain non-GAAP financial measures provides additional information to facilitate comparison of the company's historical operating results and trends in its underlying operating results, and provides transparency on how the company evaluates its business. Management uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the company's performance. Organic net sales are net sales excluding the impact of currency. Management believes that excluding this item, which is not part of the ongoing business, improves the comparability of year-to-year results. A reconciliation of net sales as reported to organic net sales follows. The company believes that financial information excluding certain items that are not considered to be part of the ongoing business, such as those listed below, improves the comparability of year-to-year results. Consequently, the company believes that investors may be able to better understand its results excluding these items. The following items impacted gross margin, costs and expenses, and earnings: The following tables reconcile financial information, presented in accordance with GAAP, to financial information excluding certain items:


News Article | February 22, 2017
Site: www.businesswire.com

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) President and Chief Executive Officer Denise Morrison and Senior Vice President and Chief Financial Officer Anthony DiSilvestro provided an overview of the company’s strategic direction during the Consumer Analyst Group of New York (CAGNY) Conference in Boca Raton, Fla. today. Morrison shared her perspective on the state of the food industry and the consumer environment, and highlighted the steps Campbell is taking to define the future of real food through strategic foresight. Morrison said, “ Across every industry and in every organization, the pace of change is unpredictable, unrelenting and unforgiving. The future food world will be more complex and more challenging. To fully unlock Campbell’s performance, we're looking beyond typical five-year planning horizons and establishing well-informed perspectives on opportunities and disruptions driven by the intersection of real food, health and well-being and technology.” “ Guided by our Purpose and our strategic imperatives, we set out to identify clear and compelling growth opportunities. We prioritized these growth platforms we believe will have the greatest impact on Campbell and lead to significant growth opportunities over the next decade,” said Morrison. “ We have what we need to meet the challenges of this new world. If you look closely at the 148-year history of Campbell, we are not only a company that has proven ourselves capable of dealing with profound change … we are a company with a history of leading profound change, and we are a company that has thrived in periods of profound change. I’m confident that we can and will do so again in the future.” DiSilvestro provided an update on the company’s three divisions and its multi-year cost savings program, which has generated cost savings by reducing layers of management and increasing spans of control, creating an integrated global services organization and implementing zero-based budgeting. While Campbell’s current initiatives will generate in excess of $300 million in savings, the company has identified additional areas of savings opportunity, leading the company to increase its aggregate savings target to $450 million by the end of fiscal 2020. The company expects to achieve these additional savings by further optimizing its supply chain network, primarily in North America; evolving its operating model over time to focus resources on growth opportunities and drive additional efficiencies; and more fully integrating recent acquisitions to generate cost synergies and improve effectiveness by leveraging enterprise scale and capabilities. Cost savings to date have contributed to recent margin expansion and funded reinvestments in the business. DiSilvestro said, “ Our strategy is to reinvest a portion of these savings in order to drive growth. We'll do this a number of ways including increasing marketing support on our key brands, funding new product launches and investing against our real food initiative; making investments in long-term innovation; focusing on geographic expansion in faster-growing spaces; and building our capabilities in digital and e-commerce.” Today’s presentation will be archived on investor.campbellsoupcompany.com and available for replay later today. Campbell (NYSE:CPB) is driven and inspired by our Purpose, “ Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, snacks and packaged fresh foods. For generations, people have trusted Campbell to provide authentic, flavorful and readily available foods and beverages that connect them to each other, to warm memories and to what’s important today. Led by our iconic Campbell’s brand, our portfolio includes Pepperidge Farm, Bolthouse Farms, Arnott’s, V8, Swanson, Pace, Prego, Plum, Royal Dansk, Kjeldsens and Garden Fresh Gourmet. Founded in 1869, Campbell has a heritage of giving back and acting as a good steward of the planet’s natural resources. The company is a member of the Standard & Poor’s 500 and the Dow Jones Sustainability Indexes. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. To learn more about how we make our food and the choices behind the ingredients we use, visit www.whatsinmyfood.com. This release contains “forward-looking statements” that reflect the company’s current expectations about the impact of its future plans and performance on the company’s business or financial results. These forward-looking statements include statements made regarding the company’s marketing strategies and its new enterprise structure and cost reduction initiative. Forward-looking statements rely on a number of assumptions and estimates that could be inaccurate and which are subject to risks and uncertainties. The factors that could cause the company’s actual results to vary materially from those anticipated or expressed in any forward-looking statement include (1) the company’s ability to manage changes to its organizational structure and/or business processes; (2) the company’s ability to realize projected cost savings and benefits from its efficiency programs; (3) the impact of strong competitive responses to the company’s efforts to leverage its brand power in the market; (4) the impact of changes in consumer demand for the company’s products and favorable perception of the company’s brands; (5) the impact of product quality and safety issues, including recalls and product liabilities; (6) the risks associated with trade and consumer acceptance of the company’s initiatives, including its trade and promotional programs; (7) the practices, including changes to inventory practices, and increased significance of certain of the company’s key trade customers; (8) the impact of disruptions to the company’s supply chain, including fluctuations in the supply or costs of energy and raw and packaging materials; (9) the impact of non-U.S. operations, including trade restrictions, public corruption and compliance with foreign laws and regulations; (10) the impact of business portfolio changes; (11) the uncertainties of litigation and regulatory actions against the company; (12) disruption to the independent contractor distribution models used by certain of the company’s businesses, including the results of litigation or regulatory actions that could affect their independent contractor classification; (13) the company’s ability to protect its intellectual property rights; (14) the impact of an impairment to goodwill or other intangible assets; (15) the impact of increased liabilities and costs related to the company’s defined benefit pension plans; (16) the impact of a material failure in or breach of the company’s information technology systems; (17) the company’s ability to attract and retain key talent; (18) the impact of changes in currency exchange rates, tax rates, interest rates, debt and equity markets, inflation rates, economic conditions, law, regulation and other external factors; (19) the impact of unforeseen business disruptions in one or more of the company’s markets due to political instability, civil disobedience, terrorism, armed hostilities, natural disasters or other calamities; and (20) other factors described in the company’s most recent Form 10-K and subsequent Securities and Exchange Commission filings. The company disclaims any obligation or intent to update the forward-looking statements in order to reflect events or circumstances after the date of this release.


News Article | November 17, 2016
Site: www.businesswire.com

CAMDEN, N.J.--(BUSINESS WIRE)--The Board of Directors of Campbell Soup Company (NYSE:CPB) today declared a regular quarterly dividend on Campbell’s capital stock of $0.35 per share. The quarterly dividend is payable Jan. 30, 2017, to shareholders of record at the close of business Jan. 11, 2017. About Campbell Soup Company Campbell (NYSE:CPB) is driven and inspired by our Purpose, “Real food that matters for life’s moments.” We make a range of high-quality soups and simple meals, beverages, sna


News Article | December 2, 2016
Site: marketersmedia.com

LONDON, UK / ACCESSWIRE / December 2, 2016 / Active Wall St. announces its post-earnings coverage on Campbell Soup Co. (NYSE: CPB). The company released its first quarter fiscal 2017 (Q1 FY17) earnings on November 22, 2016. The world's largest soupmaker surpassed top- and bottom-line expectations, supported by cost-saving initiatives and lower commodity prices. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Campbell Soup's competitors within the Processed & Packaged Goods space, Ingredion Inc. (NYSE: INGR), reported on November 02, 2016, its results for Q3 2016. AWS will be initiating a research report on Ingredion in the coming days. Today, AWS is promoting its earnings coverage on CPB; touching on INGR. Get our free coverage by signing up to: For the three months ended on October 30th, 2016, Campbell Soup reported net income of $292 million, or $0.94 per share, up from $194 million, or $0.62 per share, in the year-earlier period. Excluding certain items, the company earned $1.00 per share in Q1 FY17, beating analysts' estimate of $0.95 per share. Campbell Soup's Q1 FY17 sales edged down to $2.202 billion from $2.203 billion, but were also ahead of the market estimates of $2.198 billion. The company's organic sales fell 1% due to decline in Campbell Fresh, partially offset by gain in Global Biscuits and Snacks. During Q1 FY17, sales from Campbell Soup's Americas Simple Meals and Beverages segment were comparable to the prior year at $1.297 billion, with gains in Plum products offset by declines in V8 beverages. Sales of U.S. soup were comparable to the prior year with gains in ready-to-serve soups and broth offset by modest declines in condensed soups. During the reported quarter, the segment's operating earnings increased 6% on a y-o-y basis to $383 million. For the company's Global Biscuits and Snacks division, sales improved 3% to $671 million. Excluding the favorable impact of currency translation, the segment's sales increased 1%, primarily driven by gains in Pepperidge Farm. The segment's operating earnings decreased 2% to $112 million during the reported quarter. During Q1 FY17, the Company's Campbell Fresh unit reported a 6% decline in sales to $234 million primarily driven by lower sales of Bolthouse Farms refrigerated beverages and carrots, partly offset by gains in refrigerated soups. The segment's operating earnings decreased from $18 million to $1 million reflecting increased carrot and beverage supply chain costs, as well as lower sales volumes. Sales and operating earnings of Campbell Fresh were negatively impacted by the continuation of supply constraints related to the voluntary recall of Bolthouse Farms Protein PLUS drinks in June 2016, as well as lower carrot sales. During Q1 FY17, Campbell Soup's gross margin increased to 38.2% in Q1 FY17 from 34.3% in Q1 FY16. Excluding items impacting comparability, adjusted gross margin increased 1.2 basis points from 37.9% in the year earlier period to 39.1% in the reported quarter, primarily attributed to gross margin expansion in Americas Simple Meals and Beverages. Overall, the increase in adjusted gross margin was primarily driven by productivity improvements and the benefits from cost savings initiatives, partly offset by cost inflation, and increased carrot and beverage supply chain costs within Campbell Fresh. Furthermore, the company's supply chain productivity programs, which are incremental to its $300 million cost-savings program, contributed 170 basis points of margin improvement in the reported quarter. During Q1 FY17, Campbell Soup's cash flow from operations decreased to $221 million from $244 million a year ago primarily due to lower cash earnings and higher working capital requirements. The company adopted a new accounting standard that impacts the recognition of excess tax benefit on stock-based compensation. The tax rate for Q1 FY17 reflected a $6 million tax benefit related to the change. During Q1 FY17, Campbell Soup's Capital expenditures declined $23 million to $48 million. The company paid dividends totaling $100 million reflecting a quarterly dividend rate of $0.312 per share. In September 2016, Campbell Soup announced an increase in the quarterly dividend rate to $0.35 per share. On aggregate basis, Campbell Soup repurchased $112 million of shares, $100 million of which were under its strategic share repurchase program. The company stated that its net debt declined by $522 million compared to year-ago levels as cash from operations over the last four quarters was well in excess of capital expenditures, dividends, and share repurchases. Campbell Soup noted that on its cost-savings program, the company was ahead of expectations having generated $35 million in Q1 FY17 against FY17 estimate of $50 million. For FY17, Campbell expects sales to increase by 0-1%, adjusted EBIT to increase by 1% to 4 %, and adjusted earnings to grow by 2% to 5%, or $3.00 to $3.09 per share. Campbell Soup's share price finished yesterday's trading session at $57.15, slightly up 0.46%. A total volume of 2.44 million shares exchanged hands, which was higher than the 3 months average volume of 2.26 million shares. The stock has advanced 10.88% in the past twelve months. Furthermore, since the start of the year, shares of the company have gained 11.18%. The stock is trading at a PE ratio of 26.91 and has a dividend yield of 2.45%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute. LONDON, UK / ACCESSWIRE / December 2, 2016 / Active Wall St. announces its post-earnings coverage on Campbell Soup Co. (NYSE: CPB). The company released its first quarter fiscal 2017 (Q1 FY17) earnings on November 22, 2016. The world's largest soupmaker surpassed top- and bottom-line expectations, supported by cost-saving initiatives and lower commodity prices. Register with us now for your free membership at: http://www.activewallst.com/register/. One of Campbell Soup's competitors within the Processed & Packaged Goods space, Ingredion Inc. (NYSE: INGR), reported on November 02, 2016, its results for Q3 2016. AWS will be initiating a research report on Ingredion in the coming days. Today, AWS is promoting its earnings coverage on CPB; touching on INGR. Get our free coverage by signing up to: For the three months ended on October 30th, 2016, Campbell Soup reported net income of $292 million, or $0.94 per share, up from $194 million, or $0.62 per share, in the year-earlier period. Excluding certain items, the company earned $1.00 per share in Q1 FY17, beating analysts' estimate of $0.95 per share. Campbell Soup's Q1 FY17 sales edged down to $2.202 billion from $2.203 billion, but were also ahead of the market estimates of $2.198 billion. The company's organic sales fell 1% due to decline in Campbell Fresh, partially offset by gain in Global Biscuits and Snacks. During Q1 FY17, sales from Campbell Soup's Americas Simple Meals and Beverages segment were comparable to the prior year at $1.297 billion, with gains in Plum products offset by declines in V8 beverages. Sales of U.S. soup were comparable to the prior year with gains in ready-to-serve soups and broth offset by modest declines in condensed soups. During the reported quarter, the segment's operating earnings increased 6% on a y-o-y basis to $383 million. For the company's Global Biscuits and Snacks division, sales improved 3% to $671 million. Excluding the favorable impact of currency translation, the segment's sales increased 1%, primarily driven by gains in Pepperidge Farm. The segment's operating earnings decreased 2% to $112 million during the reported quarter. During Q1 FY17, the Company's Campbell Fresh unit reported a 6% decline in sales to $234 million primarily driven by lower sales of Bolthouse Farms refrigerated beverages and carrots, partly offset by gains in refrigerated soups. The segment's operating earnings decreased from $18 million to $1 million reflecting increased carrot and beverage supply chain costs, as well as lower sales volumes. Sales and operating earnings of Campbell Fresh were negatively impacted by the continuation of supply constraints related to the voluntary recall of Bolthouse Farms Protein PLUS drinks in June 2016, as well as lower carrot sales. During Q1 FY17, Campbell Soup's gross margin increased to 38.2% in Q1 FY17 from 34.3% in Q1 FY16. Excluding items impacting comparability, adjusted gross margin increased 1.2 basis points from 37.9% in the year earlier period to 39.1% in the reported quarter, primarily attributed to gross margin expansion in Americas Simple Meals and Beverages. Overall, the increase in adjusted gross margin was primarily driven by productivity improvements and the benefits from cost savings initiatives, partly offset by cost inflation, and increased carrot and beverage supply chain costs within Campbell Fresh. Furthermore, the company's supply chain productivity programs, which are incremental to its $300 million cost-savings program, contributed 170 basis points of margin improvement in the reported quarter. During Q1 FY17, Campbell Soup's cash flow from operations decreased to $221 million from $244 million a year ago primarily due to lower cash earnings and higher working capital requirements. The company adopted a new accounting standard that impacts the recognition of excess tax benefit on stock-based compensation. The tax rate for Q1 FY17 reflected a $6 million tax benefit related to the change. During Q1 FY17, Campbell Soup's Capital expenditures declined $23 million to $48 million. The company paid dividends totaling $100 million reflecting a quarterly dividend rate of $0.312 per share. In September 2016, Campbell Soup announced an increase in the quarterly dividend rate to $0.35 per share. On aggregate basis, Campbell Soup repurchased $112 million of shares, $100 million of which were under its strategic share repurchase program. The company stated that its net debt declined by $522 million compared to year-ago levels as cash from operations over the last four quarters was well in excess of capital expenditures, dividends, and share repurchases. Campbell Soup noted that on its cost-savings program, the company was ahead of expectations having generated $35 million in Q1 FY17 against FY17 estimate of $50 million. For FY17, Campbell expects sales to increase by 0-1%, adjusted EBIT to increase by 1% to 4 %, and adjusted earnings to grow by 2% to 5%, or $3.00 to $3.09 per share. Campbell Soup's share price finished yesterday's trading session at $57.15, slightly up 0.46%. A total volume of 2.44 million shares exchanged hands, which was higher than the 3 months average volume of 2.26 million shares. The stock has advanced 10.88% in the past twelve months. Furthermore, since the start of the year, shares of the company have gained 11.18%. The stock is trading at a PE ratio of 26.91 and has a dividend yield of 2.45%. Active Wall Street (AWS) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. AWS has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. AWS has not been compensated; directly or indirectly; for producing or publishing this document. The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst, for further information on analyst credentials, please email info@activewallst.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by AWS. AWS is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way. AWS, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. AWS, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, AWS, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither AWS nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://www.activewallst.com/disclaimer/. For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at: CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.


News Article | November 8, 2016
Site: www.businesswire.com

CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE:CPB) invites interested shareholders, investors, members of the media and consumers to listen to and view the slides accompanying its first-quarter fiscal 2017 earnings conference call, which will be webcast live over the Internet on Tuesday, Nov. 22, 2016, at 8:30 a.m. ET. The call will follow the company’s first-quarter fiscal 2017 earnings release, which will be distributed earlier in the day.     WHAT: Campbell Soup Company First-Qu

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