Financial stories to think about over the weekend: A look at gold from a very different perspective; the 10 companies expected to be the most profitable in 2011; and Quora’s growing popularity.
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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%.
“The key negative factor impacting our…
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
Among quarterly results scheduled for this holiday-shortened week, investors may be thankful for earnings results from Tyson Foods, the Arkansas-based poultry and meat producer. Analog Devices and Deere also are reporting.
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Campbell Soup Company (CPB) CEO Douglas Conant will step down on July 31, 2011 after more than a decade in the post.
Denise Morrison, currently the president of the company’s North American soup, sauces and beverage unit, is expected to succeed Conant, Reuters reported. Morrison has been appointed chief operating officer, effective October 1.
Morrison, 56, was not a surprise…
Continue reading Campbell Soup CEO Conant to Step Down
Campbell Soup CEO Conant to Step Down originally appeared on DailyFinance on Wed, 29 Sep 2010 06:37:00.
Filed Under: Company News, People, Campbell Soup Company, Retail