Campbell Soup Co. (CPB) reported earnings of 82 cents per share for the quarter ending Oct. 31, down from 87 cents per share a year earlier.
Sales for the first quarter of fiscal 2011 dropped 1% to $2.17 billion, the company said in a statement. Higher promotional spending hurt sales, the company said.
Sales of soups in the U.S. dropped 5%.
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Continue reading Campbell Soup EPS Drops as Promotions Sap Revenue
Campbell Soup EPS Drops as Promotions Sap Revenue originally appeared on DailyFinance on Tue, 23 Nov 2010 08:27:00.
Filed Under: Company News, Earnings, Campbell Soup Company, Retail