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Stock Market & Financial Investment News

News Breaks
November 20, 2012
10:24 EDTCPBCampbell Soup says saw 'very small' benefit in soup sales from Hurricane Sandy
News For CPB From The Last 14 Days
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August 31, 2015
06:31 EDTCPBCampbell Soup's turnaround plans saw limited payoff, WSJ reports
Campbell Soup's recent embrace of simpler, more natural products has seen limited payoff, the Wall Street Journal reports. Consumers are increasingly avoiding canned and boxed foods, which caused Campbell in July to lower expectation for long-term sales growth to between 1%-3% from its previous target of 3%-4%, while analysts from Thomson Reuters expect the company to report that sells fell 2% in FY15, the report says. Campbell Soup has been acquiring fresher brands and aggressively cutting costs, but certain analysts have difficulty seeing a clear timetable for improvement, the report says. Reference Link

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