Campbell’s Reaffirms Annual Growth Targets Despite Challenges, Names Mick Beekhuizen Next CEO

Benzinga

Campbell's quarterly net sales fell short of estimates, but adjusted earnings per share exceeded projections. The company maintained its annual growth targets despite navigating uneven consumer demand. Mick Beekhuizen will become Campbell's CEO in 2025 as Mark Clouse retires to join the NFL’s Washington Commanders. Beekhuizen joined Campbell in 2019 and played a key role in the Sovos Brands acquisition. Campbell focuses on its sixteen core brands to navigate consumer trends and competition from private-label products. Shares fell 4% in extended trading.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Campbell's quarterly net sales fell short of estimates but adjusted earnings per share

00:07exceeding projections. The company maintained its annual growth targets despite navigating

00:12uneven consumer demands. Mike will become Campbell's CEO in 2025 as Mark Klaus retires

00:18to join the NFL's Washington Commanders. Mike joined Campbell in 2019 and played a key role

00:24in Sovis Brand's acquisition. Campbell's focus remains on its 16 core brands to navigate consumer

00:30trends and competition from private label products. Shares did fall 4% in extended hours.

00:36For all things money, visit Benzinga.com slash GSTV.

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