The Campbell's Co
CPB: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|.H% | LOCK|f@ | LOCK|#Hd?#W |
Campbell Earnings: Sales and Profits Sour, but Innovation and Marketing Focus Prudent; Shares Cheap
Campbell's sales dropped 2% on an organic basis, and the adjusted operating margin contracted 110 basis points to 13.9% in its fiscal second quarter. Snacks (about 50% of sales) were particularly weak, with sales down 3% and adjusted operating margin off 370 basis points to 11.3%.
