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Mark Clouse - 10 Campbell - 9 Clouse - 3 Jim Cramer - 3 Sovos - 2 Mark Clouse Campbell - 2 CNBC's Jim Cramer - 2 it's - 1
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Search resuls for: "Mark Clouse"


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☆ Watch CNBC's full interview with Campbell Soup CEO Mark Clouse on $2.7 billion deal for Rao's
  + stars: | 2023-08-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Campbell Soup CEO Mark Clouse on $2.7 billion deal for Rao'sMark Clouse, Campbell Soup CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the company's ability to raise prices, and insights into the company's soup portfolio and gaining market share.
Persons: Campbell, Mark Clouse Organizations: Campbell Soup
☆ Campbell Soup CEO on earnings: Believe in momentum building throughout 2023
  + stars: | 2023-08-31 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampbell Soup CEO on earnings: Believe in momentum building throughout 2023Mark Clouse, Campbell Soup CEO, joins 'Squawk on the Street' to discuss the company's quarterly earnings results, the company's ability to raise prices, and insights into the company's soup portfolio and gaining market share.
Persons: Campbell, Mark Clouse Organizations: Campbell Soup
☆ People online are losing it over Campbell changing the recipe for Rao's pasta sauces after a buyout. The backlash even forced Campbell CEO to say they won't 'touch the sauce.'
  + stars: | 2023-08-11 | by ( Kai Xiang Teo | ) www.businessinsider.com   time to read: +3 min
Campbell Soup is acquiring the parent company of Rao's pasta sauce for $2.7 billion. Fans of the product are going on social media to mourn the end of Rao's saucy goodness. The social media backlash has driven the company's CEO to say they won't "touch the sauce." But within hours of the announcement on Tuesday, social media was rife with fans concerned about the fate of their beloved sauce. "I appreciate all the encouragement on social media, but we are not going to change it," he said, referring to the pasta sauce.
Persons: Campbell, it's, Mark Clouse, Campbell Soup, Clouse, Frank Pellegrino Sr, Campbell's, Sovos Organizations: Service, Twitter, Yahoo Finance, New, Sovos Locations: Wall, Silicon, New Yorks, American
☆ Sovos business is at 14% household penetration, says Campbell CEO Mark Clouse
  + stars: | 2023-08-07 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSovos business is at 14% household penetration, says Campbell CEO Mark ClouseCampbell Soup CEO Mark Clouse joins 'Mad Money' host Jim Cramer to talk the acquisition of Sovos, the state of the consumer and more.
Persons: Campbell, Mark Clouse Campbell, Mark Clouse, Jim Cramer Organizations: Sovos
☆ Campbell Soup CEO talks merger with Rao's sauce maker: 'This is a juggernaut'
  + stars: | 2023-08-07 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
Campbell Soup CEO Mark Clouse told CNBC's Jim Cramer on Monday that his company's acquisition of Rao's sauce maker Sovos Brands is one of the best growth stories in the food business. Along with Rao's, Sovos also owns yogurt brand Noosa and frozen food brand Michael Angelo's. However, the premium Italian sauce brand is Sovos' money maker, representing 69% of its adjusted net sales in 2022, the company said. Clouse said the acquisition was an opportunity to drive Sovos' household penetration, or the portion of households reached by the products. He said the business is currently at 14% household penetration, while the benchmark for a premium brand is around 20%.
Persons: Campbell, Mark Clouse, CNBC's Jim Cramer, Rao's, Sovos, Michael Angelo's, Clouse, Monday's Organizations: Sovos, Pepperidge Locations: Noosa
☆ Campbell Soup Company buys Sovos Brands, maker of Rao’s for $2.7 billion
  + stars: | 2023-08-07 | by ( Eva Rothenberg | ) edition.cnn.com   time to read: +2 min
New York CNN —Iconic canned soup company Campbell is expanding its reach in the Italian food market. Campbell (CPB) announced Monday that it would acquire Sovos Brands, maker of the popular Italian food brands like Rao’s sauces and Michael Angelo’s frozen entrees, as well as noosa yogurt, in a deal worth $2.7 billion. But Campbell said Rao’s sauces attract a different consumer set than Prego’s. “Rao’s is the premium, market-leading sauce and it strengthens and diversifies our Meals & Beverages portfolio, complementing the core, mainstream portfolio,” the company told CNN. Sovos Brands founder and head Todd Lachman called the acquisition a “momentous occasion.”“We have built a one-of-a-kind, high growth food company focused on taste-led products across a portfolio of premium brands, anchored by the Rao’s brand,” he said in a statement included in Campbell’s news release.
Persons: Campbell, Angelo’s, “ We’re, ”, Mark Clouse, Rao’s, Michael Angelo’s, Todd Lachman Organizations: New, New York CNN, Campbell, Sovos Brands, Beverages, CNN, “ Locations: New York, noosa, “ noosa
☆ Campbell Soup sticks to full-year forecast, shares fall
  + stars: | 2023-06-07 | by ( Ananya Mariam Rajesh | Thomson Reuters | Ananya Reports On The U.S. Consumer | ) www.reuters.com   time to read: +2 min
June 7 (Reuters) - Campbell Soup (CPB.N) shares dropped as much as 9% on Wednesday, after the company disappointed investors by maintaining its full-year forecasts for sales and profit despite beating quarterly earnings. The move helped Campbell Soup post a 5% rise in quarterly sales, although its margins slipped to 30% from 31.2%. Campbell expects annual net sales to grow between 8.5% and 10%, compared with analysts' estimates for a rise of 9.5%, according to Refinitiv IBES data. It forecast adjusted profit of $2.95 to $3 per share, versus estimates of $3.01. Reporting by Ananya Mariam Rajesh in Bengaluru; Editing by Devika Syamnath and Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Campbell, Kraft Heinz, Arun Sundaram, Sundaram, Mark Clouse, Ananya Mariam Rajesh, Devika Syamnath, Anil D'Silva Organizations: Kellogg, Investors, Thomson Locations: Russia, Ukraine, Bengaluru
☆ Campbell Soup CEO Mark Clouse goes one-on-one with Jim Cramer
  + stars: | 2023-06-07 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
Campbell Soup CEO Mark Clouse goes one-on-one with Jim CramerCampbell Soup Company President and CEO Mark Clouse joins 'Mad Money' host Jim Cramer to discuss resilience while facing economic headwinds, retailer inventory rebuild, and more.
Persons: Campbell, Mark Clouse, Jim Cramer Campbell, Jim Cramer Organizations: Jim Cramer Campbell Soup Company
☆ Campbell's still seeing growth from canned-soup business, says CEO Mark Clouse
  + stars: | 2023-06-07 | by ( Jim Cramer | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCampbell's still seeing growth from canned-soup business, says CEO Mark ClouseCampbell Soup Company President and CEO Mark Clouse joins 'Mad Money' host Jim Cramer to discuss resilience while facing economic headwinds, retailer inventory rebuild, and more.
Persons: Mark Clouse Campbell, Mark Clouse, Jim Cramer Organizations: Mark Clouse Campbell Soup Company
☆ Despite a mixed earnings report, Campbell Soup CEO is confident condensed products can turn a profit
  + stars: | 2023-06-07 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
CEO of Campbell Soup Mark Clouse told CNBC's Jim Cramer on Wednesday that despite his company's mixed earnings report, he is confident that Campbell's condensed products — especially the brand's staples like chicken noodle and tomato — are timelessly profitable. Clouse said Campbell's soup sales have been better than before the pandemic, especially among millennial clientele, many of whom are getting older and starting families. Even as more people start to dine outside the home post-Covid regulations, Clouse said demand for condensed canned soup remains strong. But he added that even Campbell's leadership had questioned the relevancy of condensed soup for younger consumers. Alongside its namesake soup products, Campbell also owns several well-known food and snack lines, including Pepperidge Farm, Snyder's of Hanover, Lance, V8 and Prego.
Persons: Campbell, Mark Clouse, CNBC's Jim Cramer, Clouse Locations: Snyder's, Hanover, Lance
☆ Campbell Soup lifts annual sales forecast on robust snack demand
  + stars: | 2023-03-08 | by ( ) www.reuters.com   time to read: +2 min
March 8 (Reuters) - Campbell Soup Co (CPB.N) raised its annual sales forecast on Wednesday, betting on higher prices, improved supply and strong demand for its packaged meals and snacks. Shares of the Prego pasta sauces maker rose about 2% in premarket trading after it also topped market estimates for quarterly sales. Organic net sales in Campbell's snacks division, which represents roughly half of its portfolio, jumped 15% in the second quarter, fueled by robust demand for its brands including Goldfish crackers, Cape Cod potato chips and Pepperidge Farm cookies. The company's net sales rose to $2.49 billion in the quarter ended Jan. 29, from $2.21 billion a year earlier, compared to analysts' average estimate of $2.44 billion in Refinitiv IBES data. The Camden, New Jersey-based soup maker said it expected net sales to rise between 8.5% and 10% in fiscal 2023, compared with its previous forecast of 7% to 9% growth.
☆ Campbell Soup lifts sales outlook as Americans keep snacking
  + stars: | 2023-03-08 | by ( Deborah Mary Sophia | ) www.reuters.com   time to read: +2 min
Though stretched thin amid increasing prices, Americans are still snacking on Campbell's cookies and salty snacks while a continued preference for cooking at home has further bolstered demand. While U.S. soup sales rose 7% in the second quarter, Campbell is facing growing competition from cheaper private-label counterparts for soups and broth. New Jersey-based Campbell expects fiscal 2023 net sales to rise between 8.5% and 10%, up from its previous forecast of 7% to 9%. It also projected annual adjusted earnings of $2.95 to $3.00 per share, compared with a prior target of $2.90 to $3.00. Reporting by Deborah Sophia in Bengaluru; Editing by Milla NissiOur Standards: The Thomson Reuters Trust Principles.
☆ Campbell Soup Names New CFO as It Looks to Continue Strong Growth
  + stars: | 2023-01-26 | by ( Jennifer Williams-Alvarez | Kathryn Hardison | ) www.wsj.com   time to read: +3 min
Campbell Soup Co. appointed its next finance chief as the soup and snack maker looks to build on its recent growth. The Camden, N.J.-based company on Wednesday said Carrie Anderson will become chief financial officer, effective Feb. 6. Carrie Anderson, incoming CFO at Campbell Soup Co. Photo: Campbell Soup Co.Ms. Anderson is set to join Campbell from medical technology company Integra LifeSciences Holdings Corp. , where she has been CFO since June 2019. Newsletter Sign-up WSJ | CFO Journal The Morning Ledger provides daily news and insights on corporate finance from the CFO Journal team. Campbell’s brands include its namesake soup, Prego sauces, Pepperidge Farm snacks and breads, and Cape Cod potato chips.
☆ Campbell’s Turnaround Has Reached Full Boil
  + stars: | 2022-12-07 | by ( Aaron Back | ) www.wsj.com   time to read: 1 min
Campbell Soup has gone from one of the most troubled companies in the packaged-food sector to one of the strongest. That may be partly luck, as both the pandemic and the current inflationary environment turned out to be favorable for its portfolio of soup, sauce and snack brands. But it is also a vindication of the leadership of Chief Executive Mark Clouse , who chose to invest in some of the company’s aging brands that prior leaders seemed nearly ready to give up on.
☆ Cramer’s week ahead: Markets need a strong job market, tame inflation to stay up
  + stars: | 2022-12-02 | by ( Krystal Hur | ) www.cnbc.com   time to read: +4 min
But if the job market stays strong and inflation stays tame, we could be in for still one more very good week," he said. Tuesday: AutoZone, Toll Brothers, SentinelOneAutoZoneQ1 2023 earnings release at 6:55 a.m. Wednesday: Campbell Soup, Ollie's Bargain Outlet Holdings, Brown-Forman, Lowe'sCampbell SoupQ1 2023 earnings release at 7:30 a.m. Brown-FormanQ2 2023 earnings release at 8 a.m. ETProjected EPS: $1.96Projected revenue: $1.81 billionCramer said he's betting Lululemon will beat Wall Street expectations in its latest quarter.
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