Campbell Soup CEO on how car insurance inflation is influencing the business of snacks

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 46 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 63%

Campbell Soup أخبار

Mark Clouse,Salty Snacks,Cape Cod Chips

Campbell Soup's CEO explains why consumers may not be reaching for that bag of pretzels down supermarket aisles.

) surprised a few on Wall Street this week when it reported volumes at its snacks division — which ranges from Snyder's Lance pretzels to Cape Cod chips to Goldfish crackers — fell 1% in the most recent quarter.

"If you are a middle- or lower-income household right now, you're still dealing with high interest rates, higher rent, you probably just took a hit on car insurance," Clouse added. "As we move closer into the summer and promotional/merchandizing activity potentially unlocking incremental demand, snacking volumes could see some relief."Organic sales projected down 1% to flat "The better than expected EPS guidance incorporating Sovos and better than feared organic sales revision should support a modest outperformance for the shares in our view.

As global markets navigate through fluctuating economic conditions, the Canadian market remains a focal point for investors seeking stability and yield. In this environment, dividend stocks are particularly appealing, offering both income and potential for capital appreciation in response to current market dynamics.

لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 47. in EG
 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Campbell Soup CEO talks 'positive' acquisition of Sovos BrandsThe Campbell Soup Company (CPB) posted its third quarter earnings, revealing a 6% year-over-year increase in net sales that totaled $2.23 billion. The...
مصدر: YahooFinanceCA - 🏆 47. / 63 اقرأ أكثر »