Campbell's on quest to rebuild snacks margin after second-quarter slide [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
The Campbell's Company has expressed confidence it can build a recovery in its snacks business through the back half of the US group's financial year, including stabilising margins by the fourth quarter. Volume/mix in snacks declined in Campbell's second quarter at double the rate of the other side of its business, meals and beverages, which was also hit by shipping delays in January related to the US snow storms. The salty snacks part of the division – namely potato crisps and pretzels with the likes of Kettle and Snack Factory – lost market share in the quarter ending 1 February amid intensifying competition. Campbell's also said it faced “execution challenges” in the Pepperidge Farm fresh bakery component of the unit. On a results follow-up call with management yesterday (11 March), analysts were particularly concerned by a 390 basis-point decline in the snacks division's margin to 7%, a level one described as “alarming” and a “shock” by another. “We're actively addressing
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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