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Campbell Soup ( (CPB) ) has provided an update.
Campbell Soup Company announced the sale of its noosa yoghurt business to Lakeview Farms, focusing on its core brand portfolio. Despite generating $177 million in net sales over the past year, the divestiture aligns with Campbell’s strategic focus and is expected to slightly impact its 2025 earnings. The transaction awaits regulatory approval and aims to complete in early 2025.
For an in-depth examination of CPB stock, go to TipRanks’ Stock Analysis page.