date:Sep 09, 2014
p since July 31.
Campbell has struggled to rekindle Americans appetite for soup, with sales of ready-to-serve varieties decreasing 8 per cent in the quarter ended 3 August. Excluding some items, earnings amounted to 49 cents a share last quarter, matching analysts estimates. The company has been working to cut costs by closing plants and eliminating jobs.
While Campbell is making progress, the turnaround is taking longer than originally anticipated, Chief Executive Officer Denise Morrison said