Campbell Soup upgraded its annual sales estimates, taking advantage of higher prices and strong demand for its broths and sauces, raising its stake by 3% in pre-orders. Packaged food companies are seeing a boom in demand due to the pandemic, while price increases are also boosting revenue, with companies upgrading their annual estimates to Kellogg […]
Tag: Campbell Soup
Campbell Soup: Lower-than-expected revenue (upd)
LAST UPDATE 14:56 Campbell Soup reported lower-than-expected quarterly earnings, indicating that demand for its sauces and broths is slowing due to the pandemic. Net sales fell to $ 2.21 billion in the second quarter ended Jan. 30, from $ 2.28 billion a year ago. Analysts had expected revenue of $ 2.24 billion. Net income was […]
Campbell Soup: Sales are lower than expected
Campbell Soup reported lower-than-expected quarterly earnings as consumers preferred restaurants after the pandemic eased, affecting sales of the company’s ready-made meals and soups. Packaged food companies were among the pandemic’s biggest winners, as consumers stocked up on cooking and snacks as they took their meals home. However, as the economy and restaurants opened up, more […]
