Despite a mixed earnings report, Campbell Soup CEO is confident condensed products can turn a profit

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CEO of Campbell Soup Mark Clouse told CNBC's Jim Cramer on Wednesday he is confident that Campbell's condensed products are timelessly profitable.

Mark Clouse told CNBC's Jim Cramer on Wednesday that despite his company's mixed earnings report, he is confident that Campbell's condensed products — especially the brand's staples like chicken noodle and tomato — are timelessly profitable.millennial

"So are we better off than we were pre-pandemic? We've seen multiple share points of gain, and that's even stronger when you look at that very important millennial consumer," Clouse said. "I actually see no indication that cooking as a behavior in home is slowing down." "In particular within condensed, which has always been a little bit, I think, of a question, for all of us – 'Can we build relevance with younger consumers with a condensed-soup business?'" Clouse said. "We're seeing that cooking dynamic where we grew share again to go back over the last four years."

 

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