M&A
confidence high
sentiment neutral
materiality 0.55
Campbell sells Pop Secret popcorn business to Our Home; $120M FY24 sales
CAMPBELL'S Co
- Pop Secret generated ~$120M net sales in fiscal 2024; terms undisclosed.
- Deal expected to dilute fiscal 2025 EPS by ~$0.04 due to transition costs.
- Sale aligns with strategy to focus Snacks portfolio on accelerated growth.
- BofA Securities and Blank Rome advised Campbell on transaction.