![]() ![]() ![]() fell $4.40 to $45.53 in afternoon trading today. The Camden, New Jersey-based company posted revenue of $2.16 billion in the period, missing forecasts of $2.18 billion.Ĭampbell Soup said it now expects full-year earnings between $2.95 and $3.02 per share, down from its previous forecast of between $3.04 and $3.11 per share. Adjusted earnings came to 92 cents per share, falling short of the 97 cents per share, according to Zacks Investment Research. The company reported net income of $275 million, or 91 cents per share, in the three months ending Oct. soup business,” said CEO Denise Morrison. “This was a difficult quarter, particularly for our U.S. Broth sales were especially hurt by competition from private-label store brands that make broths, the company said. Meanwhile, soup and broth sales in the U.S. Winner of Apple's App of the Year, Apple Design Award, and App Store Editors' Choice. The company also lowered its earnings expectations for the year, and its shares sank nearly 9 percent.Ĭampbell Soup, which sells fresh carrots through its Bolthouse Farms brand, said weather issues in California affected the carrot crop and caused costs to rise. CARROT Weather is a crazy-powerful (and privacy-conscious) weather app that delivers hilariously twisted forecasts. NEW YORK > Campbell Soup reported disappointing first-quarter earnings and revenue today, hurt by the higher cost of carrots and sinking sales of its broth and canned soup. ![]()
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