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Outgoing Campbell's CEO Mark Clouse discussed his departure from the company in a Wednesday interview with CNBC's Jim Cramer, sayin he feels comfortable leaving his post to become president of the National Football League's Washington Commanders. "We have moved dramatically from where we were six years ago," he said of the soup maker. Campbell's reported a mixed quarter Tuesday night and announced longtime company executive Mick Beekhuizen will start as CEO in February of 2025. Management struck an optimistic tone about recovery in different categories but said some were making more progress than others. Clouse expressed optimism about Campbell's ability to change its offerings accordance with consumers' preferences and tastes.
Persons: Mark Clouse, CNBC's Jim Cramer, sayin, Campbell's, Mick Beekhuizen, Clouse Organizations: National Football League's, Management, Sovos Brands Locations: Campbell's
Check out the companies making headlines before the bell: Salesforce — Shares rallied more than 12% after the enterprise software company posted a third-quarter revenue beat. Salesforce reported $9.44 billion in revenue, better than the $9.35 billion expected by analysts, according to LSEG. Pure Storage — Shares surged 21% after Pure Storage beat fiscal third-quarter estimates and highlighted it won a contract with a major tech company. Foot Locker — The stock sank nearly 15% after the sneaker giant posted an earnings and revenue miss. Chewy's $2.88 billion revenue came in line with estimates.
Persons: Salesforce, Jeff Davis, Charles Giancarlo, CNBC's, Piper Sandler, Locker, , Okta, Donald Trump Jr, LSEG, Campbell, Mick Beekhuizen, Roku, Needham, Laura Martin, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Pia Singh Organizations: Marvell Technology, Marvell, Wall, JPMorgan, PSQ Holdings, General Motors, Detroit automaker, SAIC Motor Corp Locations: China
Dollar Tree posted adjusted earnings of $1.12 per share, while analysts polled by FactSet sought $1.07 per share. Salesforce — Salesforce shares popped about 8% after the company posted a third-quarter revenue beat and gave subscription revenue numbers that exceeded analysts' estimates. Pure Storage — Shares of the data storage management company rallied nearly 24% after Pure Storage announced a contract with an unnamed "top four" artificial intelligence hyperscaler. Foot Locker — The sneaker giant's shares fell more than 6% after the company reported an earnings and revenue miss. The stock surged 270.4% to $7.63 after the company announced that Donald Trump Jr., the eldest son of the president-elect, is joining PSQ's board.
Persons: Needham, Laura Martin, Jeff Davis, FactSet, Eli Lilly —, Eli Lilly's, Salesforce, Okta, Campbell's, Mick Beekhuizen, Locker, Donald Trump Jr, Yun Li, Jesse Pound, Hakyung Kim Organizations: JetBlue Airways —, JetBlue, Wegovy, LSEG, Marvell Technology, Wall, JPMorgan, PSQ Holdings
Campbell's fell short of market expectations for quarterly net sales on Tuesday and named insider Mick Beekhuizen as its new chief executive officer, as the company sharpens focus on a more diverse range of packaged food products amid choppy consumer demand. Campbell's shares were down about 4% in extended trading after the company also reaffirmed its annual sales and profit targets, with total net sales falling shy of market expectations. Beekhuizen will succeed Mark Clouse as president and CEO of the company, effective Feb. 1, 2025. In January, he will be retiring from Campbell's after a six-year stint as CEO to become President of the NFL's Washington Commanders. Campbell's first-quarter net sales rose to $2.77 billion from $2.52 billion a year earlier.
Persons: Campbell's, Mick Beekhuizen, Beekhuizen, Mark Clouse, Campbell, LSEG Organizations: Campbell's, Sovos Brands Locations: New York, Washington
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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