Dallas, Texas 09/08/2014 (FINANCIALSTRENDS) – Campbell Soup Company (NYSE:CPB) has announced its fourth quarter and full-year results on September 8, 2014. The company reported that the sales mark an increase of 7%, while the organic sales segment dipped by 5%.
Where these were highlights of the financial doings of the last quarter, the company announced the guidance for the 2015 as well.
Fourth quarter review
Campbell Soup Company (NYSE:CPB) announced that it’s most popular sales segment was the US Simple Meals, which in fact reported gains of 5%. But the flip side of these sales, were the bite organic products took. Incidentally, this segment failed to make money, losing its foothold on this segment by about 5%.
Notably improvements and gains were happening in other business segments, the announcement noted.
Of these, Global Baking and Snacking Sales were found to have inched ahead by 10%. But the organic sales in this division dipped by 2%. Earnings were 17% higher. The other segment marking progress was the Bolthouse and Foodservice Sales. This showed an increase of 11%, with organic sales growing 4%, in contrast to other segmental sales. The earnings increase here was in the region of 16%.
Campbell Soup Company (NYSE:CPB) CEO and President Denise Morrison, announced that, “Our fiscal 2014 results were in line with our most recent guidance, including increases in net sales, adjusted EBIT and adjusted EPS.”
The CEO shared that ‘reshaping’ the company is taking a longer curve than anticipated. The Kelsen Group which the company acquired to improve its baked snacks section in China and Hong Kong are strong telling points in the reshaping saga of the company, the CEO shared.
The most successful segment, BoltHouse Farms marked remarkable returned due to the increased distribution as well as investment in consumer programs as well as advertising, leading to brand equity gains.