The FINANCIAL — Campbell Soup Company President and Chief Executive Officer Denise Morrison and other senior leaders will meet with investors today to provide an update on key business strategies and outline important actions the company is taking to improve its financial performance.
In her presentation, Morrison will discuss Campbell’s key strategic imperatives, including plans to be more transparent about how its foods and drinks are made to build greater consumer trust; and to increase the company’s focus on faster-growing categories and regions, such as health and well-being, packaged fresh and developing markets. Management will also provide an update on its ongoing enterprise redesign and cost savings initiatives, according to CSC BRANDS.
Campbell executives will outline plans for the company’s three new divisions, each with a clear portfolio role:
Americas Simple Meals and Beverages, the largest division and the company’s economic engine, will be managed for moderate growth and margin expansion and is focused on responding to consumer shifts with changes in its core portfolio and a more focused approach to innovation.
Global Biscuits and Snacks, which unifies the Pepperidge Farm, Arnott’s and Kelsen businesses into a fully integrated biscuits and snacks portfolio, is focused on strengthening its core markets and expanding in developing markets.
Campbell Fresh, which now combines recently-acquired Garden Fresh Gourmet with the Bolthouse Farms portfolio and Campbell’s retail refrigerated soups, is focused on building scale and accelerating growth in rapidly expanding packaged fresh categories as the company strengthens its health and well-being platform.
The company announced that it will change its reporting segments beginning in the first-quarter of fiscal 2016 to reflect its new divisional structure.