Campbell's Completes Sale of Noosa Yoghurt Business

Campbell's Company (CPB) completed the sale of Noosa Yoghurt. This divestiture is expected to reduce fiscal 2025 EPS by about $0.01, but the stock saw a slight uptick, closing at $41.33. Investors may need to factor in the EPS impact.

Date: 25-02-2025

AI Rating: 5

Overview of the Sale
Campbell's Company (CPB) has finalized the sale of its noosa yoghurt business to Lakeview Farms LLC, which will rebrand as Novus Foods. This strategic move indicates Campbell's ongoing asset management in response to market dynamics.

Earnings Per Share (EPS)
The company anticipates that this divestiture will slightly lower its fiscal 2025 earnings per share by approximately $0.01. This reduction, while marginal, is an important figure for investors to consider, as it reflects on Campbell's profitability outlook.

Market Response
Despite the anticipated dip in EPS, Campbell's stock closed higher at $41.33, showing a 1.82% increase, with further gains after hours. This slight upward movement suggests investor confidence or a positive market reaction to the strategic sale.

Stocks: CPB