Press Release: The Campbell's Company To Report Second Quarter Fiscal 2025 Results On March 5, 2025

The Campbell's Company to Report Second Quarter Fiscal 2025 Results on March 5, 2025

CAMDEN, N.J.--(BUSINESS WIRE)--February 19, 2025--

The Campbell's Company (Campbell's) today announced that it will report its second quarter fiscal 2025 financial results on March 5, 2025 for the period ended January 26, 2025.

Mick Beekhuizen, President and Chief Executive Officer, and Carrie Anderson, Executive Vice President and Chief Financial Officer, will host an investor conference call and webcast at 8:00 a.m. ET to review these results. The company's second quarter fiscal 2025 earnings press release will be distributed prior to the call. In addition, prior to the call, a transcript of management's prepared remarks along with the earnings presentation will be posted to the Events & Presentations section of the investor relations website at https://investor.thecampbellscompany.com/.

All interested parties are invited to listen to the webcast at 8:00 a.m. ET at this link. Following the company's remarks, the conference call will include a question-and-answer session with the investment community. Participation by the press in the Q&A session is in listen-only mode.

Call-in details for the webcast are as follows:

Time/Date: Wednesday, March 5, 2025, at 8:00 a.m. ET

Participant Toll Free Dial-In Number: (800) 715-9871

Participant International Dial-In Number: (646) 307-1963

Conference ID: 3292637

A full transcript and webcast replay of the conference call will be posted on the company's website within 24 hours of the event.

About The Campbell's Company

For 155 years, The Campbell's Company (Campbell's) has been connecting people through food they love. Headquartered in Camden, N.J. since 1869, generations of consumers have trusted us to provide delicious and affordable food and beverages. Today, the company is a North American focused brand powerhouse, generating fiscal 2024 net sales of $9.6 billion across two divisions: Meals & Beverages and Snacks. Our portfolio of 16 leadership brands includes Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory Pretzel Crisps, Snyder's of Hanover, Swanson and V8. For more information, visit thecampbellscompany.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250218952207/en/

CONTACT: Investors:

Rebecca Gardy

(856) 342-6081

Rebecca_Gardy@campbells.com

Media:

James Regan

(856) 219-6409

James_Regan@campbells.com

(Updates with Citigroup's reply to a request for comment in the last paragraph.)

A group of banks led by Citigroup is approaching private credit firms after struggling to sell a $575 million leveraged loan package for Lakeview Farms' acquisition of Noosa Yoghurt, Bloomberg reported Friday, citing sources with knowledge of the matter.

The financing includes a riskier second-lien loan, which, along with concerns over Lakeview's high debt levels, has deterred traditional collateralized loan obligation managers, according to the media outlet.

Investors who reviewed the deal late last year were reportedly wary of Lakeview's leverage and the potential for fluctuating consumer demand for products like salsa and dips amid high interest rates.

Lakeview Farms, a portfolio company of CapVest Partners, agreed in November to acquire Noosa from Campbell's Company , according to Bloomberg.

The banks reportedly launched a $500 million first-lien loan sale at the end of last month, with investor commitments due Monday. The loan is being offered at 5% to 5.25% over the benchmark rate and at 95 cents on the dollar.

The debt will be used not only to fund the Noosa acquisition but also to refinance Lakeview Farms' existing obligations, Bloomberg reported, citing Moody's Ratings.

Lakeview's leverage is expected to reach between 7 and 7.5 times earnings for the current 12-month period, potentially decreasing to 5.5 to 6 times if earnings grow in the next 12 to 18 months, according to Moody's Ratings.

CapVest and Citigroup declined to comment, while Lakeview Farms and Noosa Yoghurt did not immediately respond to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

A group of banks led by Citigroup is approaching private credit firms after struggling to sell a $575 million leveraged loan package for Lakeview Farms' acquisition of Noosa Yoghurt, Bloomberg reported Friday, citing sources with knowledge of the matter.

The financing includes a riskier second-lien loan, which, along with concerns over Lakeview's high debt levels, has deterred traditional collateralized loan obligation managers, according to the media outlet.

Investors who reviewed the deal late last year were reportedly wary of Lakeview's leverage and the potential for fluctuating consumer demand for products like salsa and dips amid high interest rates.

Lakeview Farms, a portfolio company of CapVest Partners, agreed in November to acquire Noosa from Campbell's Company , according to Bloomberg.

The banks reportedly launched a $500 million first-lien loan sale at the end of last month, with investor commitments due Monday. The loan is being offered at 5% to 5.25% over the benchmark rate and at 95 cents on the dollar.

The debt will be used not only to fund the Noosa acquisition but also to refinance Lakeview Farms' existing obligations, Bloomberg reported, citing Moody's Ratings.

Lakeview's leverage is expected to reach between 7 and 7.5 times earnings for the current 12-month period, potentially decreasing to 5.5 to 6 times if earnings grow in the next 12 to 18 months, according to Moody's Ratings.

CapVest declined to comment, while Citigroup, Lakeview Farms, and Noosa Yoghurt did not immediately respond to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Darling Ingredients (DAR) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.62 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 80%. A quarter ago, it was expected that this producer of natural ingredients from edible and inedible bionutrients would post earnings of $0.40 per share when it actually produced earnings of $0.11, delivering a surprise of -72.50%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Darling, which belongs to the Zacks Food - Miscellaneous industry, posted revenues of $1.42 billion for the quarter ended December 2024, missing the Zacks Consensus Estimate by 2.75%. This compares to year-ago revenues of $1.61 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Darling shares have added about 7% since the beginning of the year versus the S&P 500's gain of 3.1%.

What's Next for Darling?

While Darling has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Darling: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.48 on $1.51 billion in revenues for the coming quarter and $2.88 on $6.07 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Food - Miscellaneous is currently in the bottom 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Campbell's (CPB), another stock in the same industry, has yet to report results for the quarter ended January 2025.

This maker of canned soup, Pepperidge Farm cookies and V8 juice is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of -8.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Campbell's' revenues are expected to be $2.74 billion, up 11.7% from the year-ago quarter.

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