Campbell, which held a strong position once, has lost a major chunk of its value over the years
One aspect to watch out for would be whether the family will agree to a sale but an equally interesting point is whether Campbell can get a buyer. Campbell, which held a strong position once, has been struggling for a while and has lost a major chunk of its value over the years. Kraft Heinz, which was touted as a possible suitor recently, does not appear to have plans on scooping up Campbell.
Packaged foods companies like Campbell Soup are facing tough competition from major retailers like Amazon (AMZN) and Walmart (WMT). Campbell, which reported a loss for its third quarter and saw the abrupt exit of its CEO at the time, has been struggling to keep up in the industry. The company is seeing a slowdown in its soup business while the fresh foods business is posting losses.
Campbell also appears to be facing issues with the integration of the Snyder’s-Lance business. Some analysts have suggested that a spin-off of the company’s snacks business, which is doing well, would be a good strategy. Campbell’s stock is down over 12% so far this year.