The Campbell's Co

CPB: XNAS (USA)
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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%.

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