Campbell's reports Q1 adj EPS $0.89, raises dividend 5%, CEO Clouse to retire; Beekhuizen named CEO

CAMPBELL'S Co

Q1 adj EPS $0.89 (-2% YoY); net sales $2.772B (+10% reported, -1% organic).
Quarterly dividend raised 5% to $0.39/share, payable Jan 27, 2025 to holders of record Jan 2.
CEO Mark Clouse to retire Jan 31, 2025; will become President of NFL's Washington Commanders.
Mick Beekhuizen elected President and CEO effective Feb 1, 2025; previously President, Meals & Beverages.
Full-year FY2025 guidance reaffirmed: adj EPS $3.12–$3.22, organic net sales growth 0%–2%.

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