February 24: Sales of soups, sauces and beverages at Campbell’s rose 3 percent for the three months to the end of January, reaching $1.13 billion.
But the Camden, New Jersey-based, global soup brand owner reported that operating earnings were down from $286m and $270m in the same period because of higher promotional spending and a change in the mix of products.
Sales of ready-to-serve soups were up 7 percent following new launches while the condensed soup range grew 1 percent as consumers ate more meals at home.
