Reported 11 months ago
Campbell Soup's CEO Mark Clouse discusses the 'positive' acquisition of Sovos Brands, leading to a 6% year-over-year increase in net sales totaling $2.23 billion in the company's third-quarter earnings report. The results also revealed declining sales in the snacks unit. Clouse explains the importance of pasta sauce to consumers facing inflation, higher interest rates, and economic pressures. Additionally, he highlights the integration of Sovos Brands as successful, with accelerated business growth and positive contributions from various product categories like pasta sauce and frozen pizza.
Source: YAHOO