Reported 4 months ago
Shares of Campbell Soup (CPB) have dropped after reporting a 2% decline in snacks sales in the third quarter. However, the company saw over 6% growth in net sales from a year ago, with nearly a 15% increase in food and beverage sales offsetting the decline in snacks. The performance reflects consumer recovery trends, with the company's focus on transitioning consumers from snacks to meals and beverages being noted, along with the impact of integrating acquired brands like Snyder's-Lance.
Source: YAHOO