) posted its third quarter earnings, revealing a 6% year-over-year increase in net sales that totaled $2.23 billion. The company says the sales were due in part to its acquisition of Sovos Brands. Campbell Soup's results also showed declining sales in its snacks unit.sits down with Campbell Soup president and CEO Mark Clouse to discuss the company's performance and its business plans moving forward.
And a year later, I can tell you across the board, uh we've checked every box and then finally, I just would say, oh, what a gift to get the members of the SOS team.Um They've done a great job, hit the ground running.I've always, I, I've told you this before, but I always view what you sell and what doesn't sell is a great snapshot in the economy.
Every time you and I have talked, the one consistent thing has been um the snacks business has gone well, that wasn't necessarily the case in this most recent quarter. And so, although we did see a more um uh certainly off the pace quarter, I am not worried structurally at all about the business. And remember, you know, as much positive momentum as we see it, I want to be really clear the path to consumer recovery um in in the world of food has never been clearer than it is right now.
I, I think this will again, you know, when I think about snacking over a longer period of time, the resilience has been astounding. Um But I think this belief of, of cost or prices coming down um in a material way is just not what we're seeing on the horizon.
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