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BRIEF-Campbell Soup expects "significantly weaker performance" in 1H 2018
2017年8月31日 / 下午3点24分 / 24 天前

BRIEF-Campbell Soup expects "significantly weaker performance" in 1H 2018

Aug 31 (Reuters) - Campbell Soup Co

* Campbell Soup CEO - “I am not happy with Campbell Fresh performance... We expect the unit to return to profitable growth in fiscal 2018”

* Campbell Soup CEO - expect ProteinPLUS drinks merchandising ramp up in Q1 2018

* Campbell Soup CEO - expect ProteinPLUS drinks to return to profitable growth in 2018

* Campbell Soup CEO - do not expect V8 vegetable juice business to return to growth in fiscal 2018

* Campbell Soup CEO - expect additional headwinds in soup sales as “we are unable to reach an agreement with a large customer for a promotional program for soups” -conf call

* Campbell Soup CEO - expects soup sales to decline in fiscal 2018 -conf call

* Campbell Soup CEO - expects sales to decline in Americas Simple Meals and Beverage business in 2018 due to challenges in soup sales and V8 vegetable juices -conf call

* Campbell Soup CFO - ended 2017 with savings of $325 million -conf call

* Campbell Soup CFO - promotional spending was up in Americas Simple Meals and Beverages products in Canada -conf call

* Campbell Soup CFO - in Campbell Fresh, experienced higher carrot costs and costs related to beverage supply constraints -conf call

* Campbell Soup CFO - expect significantly weaker performance in the 1H and relatively better performance in 2H of fiscal 2018 -conf call

* Campbell Soup CFO - expects an increase in rate of cost inflation and face an incentive compensation headwind representing 2 percent points of EBIT in 2018 -conf call

* Campbell Soup CFO - expects cost inflation in range of 2 percent to 3 percent driven by ingredient, packaging increases on dairy, wheat, steel cans, resin in 2018 -conf call

* Campbell Soup CFO - expects level of share repurchases in 2018 to be below 2017 given the pending Pacific Foods acquisition -conf call Further company coverage:

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