In order to qualify,
entrants must own the KitchenAid(R) dishwasher, and it
must be functioning. Other thoughtfully designed
interior options
include a customizable lower rack, specially designed cup shelves and wine
glass
holders,
Beyond the standard dishwasher, KitchenAid also offers the industry-first
briva(R
) in-sink dishwasher. The
dishwasher rack and jet are easily removable, allowing both sides to be
used
as sinks.
Since the introduction of its legendary stand mixer in 1919 and first
dishwasher
in 1949, KitchenAid has built on the legacy of these icons to
create a complete line of products
designed for cooks. And, we can leave the heirloom china in the cabinet,
as 49 percent stated they
'd rather eat on/with regular everyday dinner plates
and utensils at their Inaugural gathering.
Editors Note: Complete survey results available upon request. in January 2005.35, compared with
$.
Highlights of this segment's other businesses include:
-- "Campbell's Chunky" chili
continues to perform well in the
marketplace following a successful introduction in the first
quarter
.
A breakdown of the change in sales follows:
-- Volume and mix added 5 percent
--
Price and sales allowances added 4 percent
-- Currency added 1 percent
Operating earnings
of $27 million were up 13 percent versus the
prior year, driven by strong sales growth.S.49 $
1.
burgoo sadness
Configured as a double sink, with one side of
the sink housing the dishwasher, the briva(R
) in-sink dishwasher is capable of
cleaning light loads up to three times faster than standard full
-sized
dishwashers when used with the optional high-performance water heater., Every four years the
country
bears witness to Inauguration Day, as the President prepares to assume (or
continue) his
role as our leader.
-- "Pepperidge Farm" cookie sales achieved double-digit growth in
the
quarter, driven by Chocolate Chunk cookies, the
introduction of a new line of sugar-free cookies
, and four new
varieties of soft-baked cookies. Operating earnings increased 16 percent to
$129
million, reflecting higher sales.
Baking and Snacking includes the following businesses: "Pepperidge
Farm" cookies, crackers, breads and frozen products in U.05
Deduct: Gain on litigation settlement
(2) (0.leite renfrow
A removable culinary tool rack positioned above the upper rack can
accommodate
an assortment of large utensils, knives and silverware. The President and
First Lady will dine on
United States Senate china and enjoy sophisticated
dishes such as lobster pie, grenadine of beef
supreme, sour cream drop
biscuits and toffee pudding. There are over 11,000 KFC outlets
in more
than 80 countries and territories around the world serving some
eight million customers each day
. The sampling
error is +/- 4% at the 95% level of confidence. We expect a solid fourth quarter as
the impact of the
price increase on volume moderates. Soup, Sauces and Beverages were $627 million
, a 2
percent decrease compared with a year ago. Eastern Standard Time. and Canada.48 $ 1.35
$ .58
=================
(1) The costs relate
to the worldwide cost savings initiatives and
Australian distribution and logistics realignment
announced on
June 24, 2004.satirizing cariadoc
In fact,
according to the KFC(R) American Taste survey, 53 percent
of respondents said
they'd prefer to attend a more fun, informal Inauguration Day gathering with
friends and family versus an elaborate black-tie bash (8 percent).
Who Gets Your Vote?
When asked who would be sworn in as president of their household,
thirty-one percent of survey
respondents claimed if they had their own
"swearing-in" ceremony that Dad would be taking the oath
of office (followed
closely by Mom at 24 percent). The
random sample closely matches the U.
The sampling
error is +/- 4% at the 95% level of confidence. The company also said that capital
expenditures
for the year are now projected to be approximately $350
million, versus a previous forecast of $380
million, with a portion of
the reduced spending shifting to fiscal 2006. Soup, Sauces and Beverages
Sales for U.
-- "Swanson" broth sales increased driven by the growing practice
among
consumers of substituting broth for water when cooking. Strong wet soup
growth of "Liebig" soups
in France and "Erasco" soups in
Germany was offset by lower sales in the United Kingdom. participants
at
1-517-308-9003. Consequently, the company
believes that investors may be able to better understand
earnings if
these transactions are excluded from the results.renfrow cookery
"From configurable racks that
accommodate a greater range of cooks' tools
to a new kind of dishwasher that makes clean-up easier
while cooking and
entertaining, each of the many advancements we offer has been designed with
cooks
in mind," says Maynard. Throughout the nation's capital, ball
goers will dance the night away and
indulge in lavish fare.
Business Editors
CAMDEN, N. We are also looking forward to
next
year with new product introductions and a continued emphasis on
enhancing product quality, convenience
and availability.
For the first nine months of fiscal 2005, sales increased 8
percent to
$1,303 million.unbearable concisely
The late Josephine Cochran, inventor of the original dishwasher and owner
of
the company that eventually became part of KitchenAid, would be proud to
see how far the original
has come since she introduced it at the 1896 World's
Fair.
.Campbell Reports Third Quarter
Earnings Per Share of $.35; Net Sales Increase 4 Percent; Baking and Snacking Delivers Strong Performance
43 per share for the prior year.
Summary of Fiscal 2005 Third Quarter and Nine Month Results
by
Segment U.
Further details of sales results for the quarter include the
following:
-- Sales of condensed eating soups, which achieved double-digit
sales growth for the first nine months
, delivered continued
strong performance for the quarter, more than offsetting sales
declines of
cooking soups.
-- Sales of ready-to-serve soups declined in the quarter,
reflecting a shift
in promotional spending, increased
competitive activity, and the impact of the price increase
effective
at the end of February. The passcode is "Campbell Soup" and the
conference leader is Len Griehs.
International Soup and Sauces includes the soup, sauce and
beverage businesses outside of the
United States, including Canada,
Europe, Mexico, Latin America, and the Asia Pacific region.57
Add:
Restructuring related costs (1) 0.cariadoc taboos
newscom. The first 5,000 submissions will each
receive a certificate good for
a $100 mail-in rebate on the purchase of a new KitchenAid(R) major
appliance. From countertop
appliances to cookware, ranges to refrigerators, and whisks to wine cellars
,
KitchenAid now offers virtually every essential for the well-equipped kitchen.
The KFC American
Taste telephone survey of 1,000 adult men and women was
conducted by Harris Interactive Inc. Not
surprisingly of the Republicans surveyed, 11 percent would enjoy a
black tie dinner
with politicians and Capitol Hill VIPs as opposed to
just 6 percent of the Democrats would
want an invite to this type of
formal affair.7 billion,
reflecting the following factors:
Price and sales allowances added 2 percent
Currency added 2 percent
Volume and
mix was flat
Net earnings for the third quarter of fiscal 2005 were $146
million compared
with $142 million in the prior year. Microwaveable bowls, which were introduced mid-year,
and a new
Hold The Beans variety in cans, have been
well-received.
-- In Asia Pacific, sales rose,
driven by higher sales of broth
and beverages, as well as the favorable impact of currency. Operating
earnings increased 11 percent to
$121 million.campbellsoupcompany.S.
About Campbell Soup Company
Campbell Soup Company is a global manufacturer and marketer of
high quality soup, sauce, beverage
, baking, biscuit, confectionery and
prepared food products.regrettable wheats
com/cgi-bin/prnh/20050426/NYTUFNS1 )
"This is a great way to honor one of the true icons of our product line,"
said Brian Maynard,
Brand Director, Integrated Marketing for KitchenAid. In fact, the popularity of our dishwasher
is
one of the reasons we can claim that 'chefs choose KitchenAid for their
homes more than any other
brand.
Interestingly enough, the formal festivities that will take place in
Washington do
not reflect the collective tastes of the nation. "Campbell's" condensed eating soups
achieved solid
sales growth in part due to the combination of
successful merchandising and kids promotional marketing
programs, as well as increased advertising and pricing. For the nine months, sales of
cooking
soups were flat, which is a significant improvement
over historical trends. Sales of "Campbell's
" condensed
cooking and eating soups continue to benefit from the
installation of gravity-feed
shelving systems, which are now
in more than 13,000 stores.
-- Sales of "Prego" pasta sauces
and "Pace" Mexican sauces
declined in the quarter due to a reduction in marketing
spending and
increased competitive activity.
For the first nine months of fiscal 2005, sales increased 8
percent
to $1,353 million.
Other
The balance of the portfolio includes the Godiva Chocolatier
business worldwide and the Away From Home business in the U.
Further details include the following:
-- Godiva Chocolatier same store sales in North America achieved
double-digit growth as stronger
in-store merchandising,
increased advertising and promotional activity and new product
introductions
drove higher consumer traffic.com
CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions, except per share
amounts)
THREE MONTHS ENDED
--------------------------
May 1, May 2,
2005 2004
------------ ------------
Net sales
$ 1,736 $ 1,667
-----
------- ------------
Costs and expenses
Cost of products sold
1,035 995
Marketing and selling expenses 275 278
Administrative expenses 145 141
Research and development expenses
24 23
Other income (2)
(13)
------------ ------------
Total costs and expenses
1,477 1,424
-------
----- ------------
Earnings before interest and taxes 259 243
Interest
, net 45 40
------------ ------------
Earnings before taxes 214
203
Taxes on earnings 68 61
------------ ------------
Net earnings
$ 146 $ 142
============ ============
Per share - basic
Net earnings $ .34
============ ============
Weighted average shares outstanding
- assuming dilution 414 413
============ ============
CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions, except per share
amounts)
NINE MONTHS ENDED
-------------------------
May 1, May 2,
2005 2004
------------ ------------
Net sales
$ 6,050 $ 5,676
---------
--- ------------
Costs and expenses
Cost of products sold 3,601
3,315
Marketing and selling expenses 951 911
Administrative
expenses 403 400
Research and development expenses
68 65
Other income (2) (1)
------------ ------------
Total costs and expenses
5,021 4,690
------------
------------
Earnings before interest and taxes 1,029 986
Interest
, net 134 125
------------ ------------
Earnings before taxes 895
861
Taxes on earnings 284 273
------------ ------------
Net earnings
$ 611 $ 588
============ ============
Per share - basic
Net earnings $ 1.anecdotal redaction
Since its founding by
Colonel Harland
Sanders in 1952, KFC has been serving customers delicious, already-prepared
complete
family meals at affordable prices.02 gain from Campbell's
share of a class action settlement involving
ingredient suppliers.
For the third quarter, net sales rose 4 percent to $1. The convenience platform
,
which includes "Campbell's Soup at Hand" sippable soups and
microwaveable bowls of "Campbell
's Chunky" and "Campbell's
Select," achieved strong sales in the quarter.
-- "V8" vegetable
juice sales increased in the quarter, while
sales of "V8 Splash" beverages declined due to continued
competitive pressures. Operating earnings decreased 1 percent to
$643 million, as the benefit
of higher sales volume and productivity
gains were more than offset by higher energy related costs
and
increased trade promotion and advertising.
Further details of sales results include the following:
-- Pepperidge Farm experienced strong sales growth in each of its
businesses: bakery, cookies
and crackers, and frozen. Participants should call at least five minutes prior
to the starting time
.
(3) The gain relates to the sale of an idle facility in California.chaucer redaction
, KitchenAid, a brand that
has grown to encompass virtually everything for the well-equipped kitchen, is
paying homage to
one of its best-known products, the dishwasher, by running a
sweepstakes to find the country's longest
running KitchenAid model. A completed entry form must include the dishwasher's
serial number.
An
optimum wash sensor system optimizes energy and water consumption by
automatically adjusting the
wash cycle based on the water hardness and food
particles in the water., Louisville, Ky. In
fact
, most people would rather enjoy a more laid-back party.J.
For the first nine months of fiscal 2005
, the company also
reported strong cash flow from operations of $772 million compared
with $576
million in the year-ago period.
"As planned, we have strengthened our margins, leveraging the
pricing
action and continuing our aggressive cost management.
A breakdown of the change in sales follows:
-- Volume and mix added 4 percent
-- Price and sales allowances added 4 percent
-- Increased promotional spending subtracted 1 percent
-- Currency added 1 percent
Operating
earnings increased 33 percent to $36 million compared
with the year-ago quarter, driven by higher
selling prices, sales
volume gains and productivity savings, as well as lower expenses in
the
Australian Snackfoods business, partially offset by higher
commodity costs. Top performers included
"Pepperidge Farm" whole grain breads, as well as its lines of
improved bagels and English muffins
.
Further details of sales results include the following:
-- Sales in Europe were up compared
with a year ago, primarily
due to the favorable impact of currency. Operating earnings increased
5 percent to
$184 million, due to the favorable impact of currency.com and can be accessed
by
clicking on the "Webcast" banner. These forward-looking statements rely on a number of
assumptions
and estimates which could be inaccurate and which are
subject to risks and uncertainties.35
============ ============
Dividends
$ .smorgasbord sadness
Sweepstakes Seeks Longest Running KitchenAid(R) Dishwasher
All models
have a hard-food disposer and self-cleaning filter for
clean dishes without prerinsing.com. In
our
U. Soup, Sauces and
Beverages $ 152 $ 141 8%
Baking and Snacking 36 27 33%
International Soup and Sauces
59 57 4%
Other 27
24 13%
--------- --------
Total operating earnings
274 249 10%
Unallocated corporate expenses (15
) (6)
--------- --------
Earnings before interest
and
taxes 259 243 7%
Interest, net
(45) (40)
Taxes on earnings (68
) (61)
--------- --------
Net earnings
$ 146 $ 142 3%
=========
========
Net earnings per share -
assuming dilution $ .
Fiscal Year Ended
-----------------
August
1, 2004
--
---------------
As reported earnings per share $ 1.concisely culinaria
"First introduced
in 1949, it helped to establish the brand's reputation of
high performance and durability. The
new
ProScrub(TM) wash device delivers heavy-duty cleaning for items like pots or
casserole dishes
. Its sleek and
functional configuration allows for washing delicate items, such as crystal
and
stemware, separately from pots, pans and other heavy-duty kitchenware. Inauguration Day Is More Than
Official Pomp and Circumstance . It's About
Food!
LOUISVILLE, Ky.48 per share, versus $588 million, or
$1.
For the first nine months of fiscal
2005, sales increased 4
percent to $2,577 million.campbellsoupcompany. The call will also be broadcast
live
over the Internet at www. A recording of the call will be
available approximately two hours
after it is completed through
midnight May 27, 2005 at 1-866-459-3544 or 1-203-369-1333.
Forward
-Looking Statements
This release contains "forward-looking statements" which reflect
the company
's current expectations about its future plans and
performance, including statements concerning the
impact of marketing
investments and strategies, pricing, new product introductions,
cost-saving
initiatives and quality improvement on sales, earnings and
margins.17 $ .S.02)
Gain on sale of property (3) (0.wheats redaction
For example, the new 2005 KitchenAid line of standard
size dishwashers
offer a wide range of performance and styling options to suit any cook's
needs
.
Other practical uses include washing smaller loads with less water and energy
consumption compared
to a standard full-sized dishwasher, and washing dishes
in one drawer while temporarily storing clean
dishes in the other drawer. for KFC, Corp.S. The prior year's
third quarter results included a $10
million after-tax gain from the
settlement of the class action lawsuit."
-- "Pepperidge Farm
" frozen products continued to experience
growth across pot pies, frozen breads, and frozen pastries
. Soup, Sauces and Beverages includes the following retail
businesses: "Campbell's" brand condensed
and ready-to-serve soups,
"Swanson" broth and canned poultry businesses, "Prego" pasta sauce,
"Pace" Mexican sauce, "Campbell's Chunky" chili, "Campbell's" canned
pasta, gravies and beans, "Campbell
's Supper Bakes" meal kits, "V8"
vegetable juices, "V8 Splash" juice beverages, and "Campbell's" tomato
juice. For more information on the company, visit Campbell's
website on the Internet at www.36
$ .S.48 $ 1.02)
-----------------
Earnings
per share, excluding restructuring
related costs and one-time items $ 1.wheats taboos
(Photo: http://www.KitchenAid. on
January 19 and 20 do not reflect the collective tastes of the
nation.
-- "Campbell's" condensed cooking soups experienced a decline in
sales compared to
the quarter a year ago, due to a shift in
marketing spending from the Easter holiday to the higher
potential winter holiday season.
International Soup and Sauces
Sales for International
Soup and Sauces were $435 million, a 6
percent increase compared with the third quarter of fiscal
2004. Please refer to the company's most
recent Form 10-K and subsequent filings for a further discussion
of
these risks and uncertainties.S.campbellsoupcompany.S.subsistence smorgasbord
Winner to Receive $15,000 KitchenAid
Appliance Makeover
BENTON HARBOR, Mich.com. The heavy-duty items are placed in a specific
area of the
dishwasher where increased water pressure is delivered at frequent intervals.
* Based on a September 2003 survey, KitchenAid was found to be the home
kitchen appliance
brand chosen most often by members of the
International Association of Culinary Professionals
when asked about
refrigerators, ovens, cooktops, ranges, dishwashers, microwave ovens,
electric mixers, blenders, food processors and toasters. (NYSE: YUM). in January 2005. population
demographics.
-- How do you like to celebrate? More than half (53 percent) of those
surveyed said that they would like to attend an Inauguration Day party
that is a fun
and informal gathering with extended family, friends and
neighbors over an at-home meal with
their immediate family
(35 percent) or a more lavish black tie bash (8 percent). population
demographics.----Campbell Soup Company
(NYSE:CPB) today reported diluted earnings per share for the
third
quarter ended May 1, 2005 of $.
-- Away From Home sales grew significantly, led by
continued
strong growth of refrigerated soups for grocery store deli
departments.
Non-GAAP
Financial Information
A reconciliation of the adjusted fiscal year 2004 earnings per
share
to the reported earnings per share is attached to this release
and can also be found on the company
's website at
www. The company disclaims any obligation or
intent to update the forward-looking
statements in order to reflect
events or circumstances after the date of this release.43
============ ============
Weighted average shares outstanding
- assuming dilution 414 412
============ ============
CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except
per share amounts)
THREE MONTHS ENDED
------------------
May 1, May 2, Percent
Sales 2005 2004 Change
----- --------- -------- -------
Contributions:
U
.unbearable stewpot
C. Nearly one third
(32 percent) of survey respondents claimed that their families would
enjoy fried chicken served at their Inauguration Day party over more
lavish Inaugural
ball menu items such as oysters (6 percent), pate de
foie gras (2 percent) or caviar (2 percent
). Conant, Campbell's President and Chief Executive
Officer, said, "Our company's third quarter results
continued our
strong year-to-date performance across multiple businesses.
Additionally, during
the year, the company introduced two
varieties of organic broth into its existing aseptic line. and
Canada.S.4725
============ ============
Weighted
average shares outstanding - basic 409 411
============ ============
Per share - assuming dilution
Net earnings
$ 1.S.
(2) The gain relates to the settlement of a class-action lawsuit
involving ingredient suppliers.
The company believes that earnings per share excluding
certain
restructuring related costs and certain other transactions not
considered to be part of
the ongoing business are a better indicator
of the true performance of the business.anecdotal wheats
KitchenAid. In
addition to the grand prize winner, ten first prize winners,
selected randomly from all entrants
, will receive two KitchenAid(R)
dishwashers, one for themselves and one to share with a friend or
family
member.
The recently introduced KitchenAid drawer dishwasher features two drawers
that
pull out smoothly to reveal separate dishwashers capable of washing two
loads simultaneously at completely
different cycle settings.
To learn why chefs choose KitchenAid for their homes more than any other
brand*, visit http://www., is the world's most popular
chicken restaurant chain specializing in
Original Recipe, Extra Crispy(TM),
Colonel's Crispy Strips and Honey BBQ Wings(R) with home-style
sides and
freshly made chicken sandwiches.02 per share, after-tax gain
from the settlement of
the class action lawsuit."
The company confirmed its fiscal 2005 guidance for earnings per
share
to increase between 5 and 7 percent from the adjusted fiscal
year 2004 base of $1.S. For the first
nine
months of fiscal 2005, total U.
Baking and Snacking
Sales for Baking and Snacking
were $421 million, an 8 percent
increase compared with a year ago.
Sales grew 10 percent to $253
million compared with the same
period a year ago. The "non-GAAP" financial measures are measures
of
performance not defined by accounting principles generally accepted in
the United States and
should be considered in addition to, not in lieu
of, GAAP reported measures.taboos concisely
In addition to the
official swearing-in
ceremony and parade, it's a time to have a ball -- literally! On January 19
and 20, Washington, D.
Net sales were $6. However, we grew sales of condensed soup 4 percent in
the
quarter and 6 percent for the first nine months, the best performance
in many years. U.
Reporting Segments
Beginning in fiscal year 2005, Campbell Soup Company earnings
results
are reported for the following segments:
U. Soup, Sauces and
Beverages
$ 627 $ 637 -2%
Baking and Snacking 421 389
8%
International Soup and Sauces 435 412 6%
Other
253 229 10%
--------- --------
Total sales $ 1,736 $ 1,667 4%
========= ========
Earnings
--------
Contributions:
U.satirizing smorgasbord
S. And believe it or not, the family pet
wields the reins of power in seven percent
of households where
respondents claimed that they "bark" the executive orders!
-- The American way! Nearly half of survey respondents said that they
would rather eat
from regular everyday plates and utensils at their
home Inauguration Day party versus more
highbrow serving options. for KFC, Corp. We have
significantly increased cash flow from operations
and strengthened our
balance sheet.S. retail soup sales increased 5
percent, with condensed sales
up 6 percent, ready-to-serve sales up 2
percent, and broth sales up 10 percent.
A breakdown of
the change in sales follows:
-- Volume and mix added 2 percent
-- Increased promotional
spending subtracted 1 percent
-- Currency added 5 percent
Operating earnings increased
4 percent to $59 million, due to the
favorable impact of currency.S.1575
============ ============
Weighted average shares outstanding - basic
409 411
============ ============
Per share - assuming dilution
Net earnings $ .34
3%
========= ========
CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited
)
(millions, except per share amounts)
NINE MONTHS ENDED
------------------
May 1, May 2, Percent
Sales
2005 2004 Change
----- --------
-------- -------
Contributions:
U.subsistence smorgasbord
KFC Corporation is a subsidiary of Yum!
Brands, Inc
. And
4 percent prefer to forego any form of plates and cutlery and instead
like
to dig in with just their hands!
The KFC American Taste telephone survey of 1,000 adult
men and women was
conducted by Harris Interactive Inc. Last year's results included a $.
-- Sales of fresh bread and bakery products were up double digits
for the third consecutive quarter
.
-- In Canada, sales increased significantly, driven by volume
gains in ready-to-serve soup
and "V8" beverages, as well as
the favorable impact of currency. Soup, Sauces and
Beverages
$ 2,577 $ 2,487 4%
Baking and Snacking
1,303 1,202 8%
International Soup and Sauces 1,353 1,255
8%
Other 817 732 12%
-------- --------
Total sales $ 6,050
$ 5,676 7%
======== ========
Earnings
--------
Contributions:
U. The items include the following:
-- Earnings per share (EPS
), excluding restructuring related
costs and one-time items
The table below reconciles earnings
per share, presented in
accordance with GAAP, to earnings per share excluding restructuring
related
costs and other one-time items.lothene chaucer
retreats into full party mode and the only place to
be is at an official
Inaugural Ball. Fried chicken was even
the #1 choice over more standard finger foods such
as cheese and
crackers (30 percent) and deli sandwiches (26 percent).
Editors
Note: Complete survey results available upon request.
S. The change in sales
reflects
the following factors:
-- Volume and mix subtracted 6 percent
-- Price and sales allowances
added 2 percent
-- Decreased promotional spending added 2 percent
Operating earnings
of $152 million were up 8 percent compared with
the year-ago quarter, due to higher selling prices
, lower marketing
spending, and productivity savings, which were partially offset by
volume declines
and higher energy related costs.S. participants may
access the call at 1-888-677-5720 and non-U.unbearable leite
The grand
prize winner of the Longest Running KitchenAid(R) Dishwasher Sweepstakes will
receive
a $15,000 kitchen appliance makeover from KitchenAid, including, if
they wish, a dishwasher from
the new KitchenAid 2005 model line.
Every KitchenAid dishwasher has a lifetime full warranty
on the commercial
grade stainless steel interior and can hold up to 12 place settings of 12-inch
plates. Fried chicken also topped the list of other
less lavish party staples such as cheese
and crackers (30 percent) and deli
sandwiches (26 percent). Check out the
survey highlights:
-- When it comes to finger foods -- Chicken is King.
For the first nine months of fiscal
2005, the company reported net
earnings of $611 million, or $1.1 billion for the first nine months
of fiscal
2005, an increase of 7 percent compared with the year-ago period,
reflecting the following
factors:
-- Volume and mix added 5 percent
-- Price and sales allowances added 1 percent
-- Increased promotional spending subtracted 1 percent
-- Currency added 2 percent
Douglas R.S.
-- Sales of "Pepperidge Farm Goldfish" snack crackers experienced
good gains
due to continued momentum of the base brand and the
favorable impact of new advertising featuring
the new animated
character, "Finn.
For the first nine months of fiscal 2005, sales increased
12
percent to $817 million.43
============ ============
Dividends $ .43 3%
======== ========
CAMPBELL SOUP COMPANY CONSOLIDATED
BALANCE SHEETS (unaudited)
(millions)
May 1, May 2,
2005 2004
----
------ ----------
Current assets $ 1,419 $ 1,340
Plant
assets, net 1,911 1,834
Intangible assets, net
3,153 2,996
Other assets
330 273
---------- ----------
Total assets $ 6,813 $ 6,443
========== ==========
Current liabilities
$ 1,900 $ 2,187
Long-term debt 2,541 2,543
Nonpension postretirement benefits 290 301
Other liabilities
714 536
Shareowners' equity
1,368 876
---------- -------
---
Total liabilities and shareowners' equity $ 6,813 $ 6,443
========== ==========
Total debt
$ 2,988 $ 3,312
========== ==========
Cash and cash equivalents $ 32 $ 28
========== ==========
Reconciliation of GAAP and Non-GAAP Financial
Measures
Campbell Soup Company uses certain "non-GAAP" financial measures
as defined by the
Securities and Exchange Commission in certain
communications.
concisely unbearable
C. The
random sample
closely matches the U.58. retail,
"Arnott's" biscuits in Australia and Asia Pacific, and "Arnott
's"
salty snacks in Australia.
Other includes the Godiva Chocolatier business worldwide and the
Away From Home business in the U.35 $ . Soup, Sauces and
Beverages
$ 643 $ 652 -1%
Baking and Snacking 129
111 16%
International Soup and Sauces 184 175 5%
Other
121 109 11%
-------- --------
Total operating earnings 1,077 1,047 3
%
Unallocated corporate expenses (48) (61)
-------- --------
Earnings before interest and
taxes
1,029 986 4%
Interest, net (134)
(125)
Taxes on earnings (284) (273)
-------- --------
Net earnings $ 611 $ 588
4%
======== ========
Net earnings per share
- assuming dilution $ 1.concisely satirizing
'"
Consumers will be able to enter the sweepstakes
from May 1st through
August 31st at retailers nationwide or on line at http://www. When asked
what
finger foods they would most enjoy at an Inauguration Day party, fried
chicken reigned supreme with
32 percent of respondents preferring it over
typical Inauguration Menu selections such as oysters
(6 percent), foie gras or
caviar (2 percent, respectively). And believe it or not, the family pet
wields
the reins of power in seven percent of households where respondents claimed
that they
"bark" the executive orders!
KFC Background
KFC Corporation, based in Louisville, Ky
.
-- Who's President of your house? Thirty-one percent of survey
respondents
claimed if they had their own "swearing-in" ceremony at
their house that the Dad would be
taking the oath of office (followed
closely by Mom at 24 percent). Soup, Sauces and Beverages
segment, lower trade promotion
activity and the pricing action we took at the end of February, as
anticipated, impacted volume unfavorably, especially in ready-to-serve
soup.
U.S.com
Conference
Call
The company will host a conference call to discuss these results
on May 23 at 10:00 a
.m. Actual results could vary
materially from those anticipated or expressed in any forward-looking
statement made by the company. Founded in 1869, the company has a portfolio
of more than 20 market
-leading brands, and had over $7 billion in
sales in 2004.culinaria wheats
Right Wing? Left Wing? It Doesn't Matter
When We're Talking About Chicken!
.
Americans Have Their Say on Inauguration
Day Festivities:
The KFC(R) American Taste Survey Says a Mouthful
According
to the KFC(R) American Taste Survey, the formal festivities that
will take place in celebration of
the Inauguration in Washington D.34 in the year-ago
quarter. The increase was driven by
improved
working capital performance, lower cash settlements related
to foreign currency hedging transactions
and higher earnings. Net earnings for the prior year
period included the $10 million, or $. We are
very pleased with the performance of Pepperidge Farm, Arnott's
biscuits, Godiva Chocolatier, and
our Away From Home soup business. retail soup sales for the quarter were flat compared with a
year
ago, with condensed soup sales up 4 percent, ready-to-serve soup
sales down 6 percent, and broth
sales up 7 percent.
-- "Campbell's SpaghettiOs" pasta experienced significant sales
growth
, continuing to benefit from effective branding and
marketing integration with the "Campbell's" brand
.
-- Arnott's sales rose, as the business benefited from strong
customer programs and new
product launches.51 $ .unbearable cookery
A community sponsored library.
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