Campbell Soup projects higher annual earnings as it cuts costs

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Campbell Soup Co missed Wall Street estimates for quarterly revenue on Wednesday, hurt by declines at its foodservices segment due to the COVID-19 ...

REUTERS: Campbell Soup Co on Wednesday forecast annual earnings growth as its cost-saving measures pay off, while sales are likely to fall as COVID-19 vaccine rollout speeds up and customers return to restaurants.

While Campbell's costs have risen due to pandemic-related and labor expenses, higher raw material costs and increased marketing spend, the company said it was on track to save US$850 million by the end of fiscal 2022.

 

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Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles

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