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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