Campbell's lowers expectations as its snack business struggles [Yahoo! Finance]
The Campbell's Company (CPB)
Last the campbell's company earnings: 3/4 07:30 am
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Source: Yahoo! Finance
A slumping snacks business in the latest quarter dragged down sales and earnings for The Campbell's Co. , the food firm's top executive has announced. The Camden-based company is taking "decisive action" to improve its performance, but has also lowered its expectations for the full fiscal year, said CEO Mick Beekhuizen. At the same time, he added, Campbell's is "confident in our ability to create sustainable profitable growth over the long-term." The Kibitz Room" Bankruptcy filing shows financial woes The snacks division's problems were highlighted earlier this month when Campbell's named an outsider , Mohit Anand, to lead the business unit. Anand, previously with the frozen-food business of Kellanova, replaced Elizabeth Duggan, who oversaw the snacks division for less than a year. Among other steps, Campbell's is counting on new product innovation and cost-cutting measures to stabilize its snacks division, Beekhuizen said. Campbell's last month announced plans to close
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CPB
Earnings
- 3/11/26 - Miss
CPB
Sec Filings
- 3/11/26 - Form 10-Q
- 3/11/26 - Form 8-K
- 3/10/26 - Form 3
- CPB's page on the SEC website