Campbell’s Fourth-Quarter Profit Falls on U.S. Soup Sales
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Campbell Soup Co., the world’s biggest soup maker, said fourth-quarter profit declined 12 percent after U.S. soup, sauce and beverage sales dropped.
Net income fell 12 percent to $100 million, or 31 cents a share, in the period ended July 31, from $113 million, or 33 cents, a year earlier, the Camden, New Jersey-based company said today in a statement. Excluding some items, earnings of 43 cents topped the 38-cent average of 16 analysts’ estimates compiled by Bloomberg.