Campbell Soup Company

Campbell Soup Company

Campbell Soup Company

Company type	Public
Traded as	NYSE: [ CPB]
Industry	Food processing
Founded	1869
Founder	Joseph A. Campbell
Area served	Worldwide
Key people	Mark A. Clouse (President and CEO)
Products	Soups, sauces, snacks, beverages
Revenue	US$8.11 billion (2020)
Operating income	US$1.02 billion (2020)
Net income	US$1.03 billion (2020)
Total assets	US$14.67 billion (2020)
Total equity	US$2.97 billion (2020)
Number of employees	14,500 (2020)
Website	campbellsoupcompany.com

The Campbell Soup Company is a renowned American food processing company that specializes in the production of soups, sauces, snacks, and beverages. Founded in 1869 by Joseph A. Campbell, the company has its headquarters in Camden, New Jersey, United States. Campbell Soup Company is publicly traded on the New York Stock Exchange under the ticker symbol NYSE: [ CPB] .

History

The Campbell Soup Company was established in 1869 when Joseph A. Campbell partnered with Abraham Anderson to form a canning company. Initially, the company focused on preserving fruits and vegetables. However, in 1897, Campbell's introduced its first condensed soup, which revolutionized the food industry. The condensed soup became an instant success due to its convenience and long shelf life.

Throughout the years, Campbell Soup Company expanded its product line and acquired several other food companies. In 1954, the company introduced its iconic product, Campbell's Chicken Noodle Soup, which quickly became a household favorite. Over time, Campbell's Soup became synonymous with comfort food and a staple in American households.

Products and Brands

Campbell Soup Company offers a wide range of products, including various types of soups, sauces, snacks, and beverages. Some of the popular brands owned by the company include:

• Campbell's Soup: Known for its classic condensed soups, Campbell's Soup offers a variety of flavors and options to suit different tastes and dietary preferences.
• Prego: Prego is a well-known brand of pasta sauces that offers a range of flavors and styles, including traditional, chunky, and organic options.
• Pepperidge Farm: Pepperidge Farm is a brand that specializes in baked goods, including cookies, bread, and crackers.
• V8: V8 is a line of vegetable and fruit juices that provide essential nutrients and vitamins.
• Goldfish: Goldfish is a popular brand of baked snack crackers that come in various flavors and shapes.

Corporate Leadership

Mark A. Clouse serves as the President and CEO of Campbell Soup Company. With his extensive experience in the food industry, Clouse has been instrumental in driving the company's growth and innovation.

Financial Performance

In 2020, Campbell Soup Company reported a revenue of US$8.11 billion, representing an increase from the previous year. However, the company's operating income decreased to US$1.02 billion, and its net income also decreased to US$1.03 billion. The company's total assets increased to US$14.67 billion, while its equity decreased to US$2.97 billion.

External links

• Official website