M&A
confidence high
sentiment neutral
materiality 0.45
Campbell's completes sale of noosa yogurt business to Lakeview Farms; expects $0.01 EPS dilution in FY2025
CAMPBELL'S Co
- Sale of noosa yogurt business to Lakeview Farms completed; combined entity renamed Novus Foods.
- Transaction terms not disclosed; expected EPS dilution of ~$0.01 in fiscal 2025.
- Campbell's originally acquired noosa as part of the Sovos Brands acquisition in March 2024.
- Divestiture aligns with portfolio optimization; no further financial guidance changes announced.