For the upcoming campus events calendar, visit calendar.campbell.edu. Access to a live webcast of the Q&A, as well as a webcast replay of the call, will be available at investor.campbellsoupcompany.com/events-and-presentations. The company's performance in fiscal 2020 was significantly impacted by the increase in demand for its products amidst the COVID-19 pandemic. On Oct. 11, 2019, Campbell completed the sale of the European chips business. This seems to indicate a slowdown as restrictions ease. In fiscal 2019, the company recognized a pre-tax pension settlement charge in Other expenses / (income) of $28 million ($22 million after tax, or $.07 per share). The continuing effect of the pandemic on the operating environment is difficult to predict with enough certainty to provide a full-year outlook at this time. CAMDEN, N.J.--(BUSINESS WIRE)--Sep. 3, 2020-- Campbell Soup Company (NYSE:CPB) today reported results for its fourth-quarter and full-year fiscal 2020. $15.95. Management believes that also presenting certain non-GAAP financial measures provides additional information to facilitate comparison of the company's historical operating results and trends in its underlying operating results, and provides transparency on how the company evaluates its business. For more information, visit www.campbellsoupcompany.com or follow company news on Twitter via @CampbellSoupCo. Add to Cart. The aggregate impact was $17 million ($12 million after tax, or $.04 per share). See "Presentation Materials and Q&A Webcast" below. REFINITIV STREETEVENTS EDITED TRANSCRIPT Q1 2021 Campbell Soup Co Earnings Call EVENT... | December 10, 2020 These 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. Campbell Soup Company to Report First-Quarter Fiscal 2021 Results on Dec. 9, 2020 CAMDEN, N.J.–(BUSINESS WIRE)–Nov. Prior periods have been adjusted retrospectively to reflect this change. Main Undergraduate Campus. In the first quarter of fiscal 2020, the company recorded a loss in Other expenses / (income) of $64 million ($60 million after tax, or $.20 per share) on the sale of its European chips business. Marketing and selling expenses increased 36% to $265 million. On October 11, 2019, the company sold its European chips business. The company has implemented several cost savings initiatives in recent years. During the first quarter, Campbell’s organic sales grew 8%. CONSOLIDATED STATEMENTS OF EARNINGS (unaudited), Earnings (loss) from continuing operations, Net loss attributable to noncontrolling interests, Net earnings (loss) attributable to Campbell Soup Company, Earnings (loss) from continuing operations attributable to Campbell Soup Company, Weighted average shares outstanding - basic, From continuing operations attributable to Campbell Soup Company, Net attributable to Campbell Soup Company, Weighted average shares outstanding - assuming dilution. The aggregate impact was $51 million after tax, or $.17 per share. On April 26, 2020, the company entered into an agreement to sell its limited partnership interest in Acre Venture Partners, L.P. The factors that could cause the company’s actual results to vary materially from those anticipated or expressed in any forward-looking statement include: (1) impacts of, and associated responses to, the COVID-19 pandemic; (2) the company’s ability to execute on and realize the expected benefits from its strategy, including growing sales in snacks and maintaining its market share position in soup; (3) the impact of strong competitive responses to the company’s efforts to leverage its brand power with product innovation, promotional programs and new advertising; (4) the risks associated with trade and consumer acceptance of product improvements, shelving initiatives, new products and pricing and promotional strategies; (5) the ability to realize projected cost savings and benefits from cost savings initiatives and the integration of recent acquisitions; (6) disruptions to the company’s supply chain and/or operations, as well as fluctuations in the supply of and inflation in energy and raw and packaging materials cost; (7) the company’s ability to manage changes to its organizational structure and/or business processes, including selling, distribution, manufacturing and information management systems or processes; (8) changes in consumer demand for the company’s products and favorable perception of the company’s brands; (9) changing inventory management practices by certain of the company’s key customers; (10) a changing customer landscape, with value and e-commerce retailers expanding their market presence, while certain of the company’s key customers maintain significance to the company’s business; (11) product quality and safety issues, including recalls and product liabilities; (12) the possible disruption to the independent contractor distribution models used by certain of the company’s businesses, including as a result of litigation or regulatory actions affecting their independent contractor classification; (13) the uncertainties of litigation and regulatory actions against the company; (14) the costs, disruption and diversion of management’s attention associated with activist investors; (15) a material failure in or breach of the company’s information technology systems; (16) impairment to goodwill or other intangible assets; (17) the company’s ability to protect its intellectual property rights; (18) increased liabilities and costs related to the company’s defined benefit pension plans; (19) the company’s ability to attract and retain key talent; (20) negative changes and volatility in financial and credit markets, deteriorating economic conditions and other external factors, including changes in laws and regulations; (21) unforeseen business disruptions in one or more of the company’s markets due to political instability, civil disobedience, terrorism, armed hostilities, extreme weather conditions, natural disasters, other pandemics or other calamities; and (22) other factors described in the company’s most recent Form 10-K and subsequent Securities and Exchange Commission filings. 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