Reported 28 days ago
Campbell Soup Company, led by CEO Mark Clouse, is pursuing growth following its $2.7 billion acquisition of Sovos Brands, which owns Rao's sauces. Clouse noted that Rao's is experiencing broad appeal, driving sales beyond just high-income earners. Although Campbell's stock has seen a 10% increase this year, it still lags behind major competitors like the S&P 500. The company aims to diversify its portfolio, potentially expanding into new cuisines, while maintaining a core focus on soup.
Source: YAHOO