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

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."

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks making the biggest moves midday: Affirm, Warner Bros Discovery, Stitch Fix, Campbell Soup and moreThese are the stocks posting the largest moves midday.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »