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Top related persons:
Campbell - 2 Mark Clouse - 2 I'm - 1 — - 1 Holly Fann - 1 Holly - 1 I'd - 1 Read - 1
Top related locs:
Isola Prego New York noosa “ noosa Snyder's Hanover Lance
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Service - 1 New - 1 New York CNN - 1 Campbell - 1 Sovos Brands - 1 Beverages - 1 CNN - 1 “ - 1

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5 mentions found


☆ I'm a chef comparing 6 store-bought vodka sauces, and I found the best is worth paying a few extra bucks for
  + stars: | 2024-01-19 | by ( Holly Fann | ) www.businessinsider.com   time to read: +6 min
I'm a chef trying to find the best jarred vodka sauce at the grocery store. AdvertisementI'm a chef and I love vodka sauce's luxurious blend of tomato, heavy cream, and, yes, vodka. First up, I tried vodka sauce from Bertolli, Full Circle, and Isola. AdvertisementFull Circle's vodka cream sauce was chunky, not smoothA little bit of water pooled at the bottom of my bowl as the sauce spread over the pasta. It was not a bad sauce, but it didn't have the qualities I think a vodka sauce should have.
Persons: I'm, —, Holly Fann, Holly, I'd, Read Organizations: Service Locations: Isola, Prego
☆ 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
☆ 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 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.
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