News Formal

Campbell Soup shares rise after beating earnings estimates

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 63%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

US food producer’s net sales grow 24%, helped by acquisitions of Snyder’s-Lance and Pacific Foods

Cans of Campbell Soup at a grocery store in Phoenix, Arizona, the US. Picture: REUTERS

Excluding items, the company earned US77c a share in the second quarter ended January 27, beating the average analyst estimate of 70c, according to Refinitiv data. Campbell’s shares jumped 5% in premarket trading. Like other packaged-food companies, Campbell has been struggling to attract young, increasingly health-conscious consumers. It has tried to make its portfolio healthier and launched a cost-cutting and divestment plan in August.

Campbell said on Tuesday it expects to name buyers for Bolthouse and its international business by the end of its financial year in July. The company also said it had agreed to sell salsa maker Garden Fresh Gourmet to a unit of Fountain of Health USA, which makes hummus, dips and prepared salads. Terms of the deal were not disclosed.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 12. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Sasol interim headline earnings rise 32%The company says oil price and foreign exchange movements outside its control may impact its results.
Källa: TheCitizen_News - 🏆 6. / 75 Läs mer »

Cashbuild interim earnings down 11%The retailer says it will continue its store expansion, relocation, and refurbishment strategy in a controlled manner.
Källa: TheCitizen_News - 🏆 6. / 75 Läs mer »

Adrian Gore unfazed as new initiatives, life claims dent Discovery’s earningsThe financial services group experiences a spike in life insurance claims, and also invested in its bank and other new business initiatives
Källa: BDliveSA - 🏆 12. / 63 Läs mer »

Mine firm Assore’s interim earnings jump 20% to R2.92bnSales volumes of iron ore and chrome ore were, however, lower than in the previous period.
Källa: TheCitizen_News - 🏆 6. / 75 Läs mer »

Adrian Gore unfazed as new initiatives, life claims dent Discovery’s earningsThe financial services group experiences a spike in life insurance claims, and also invested in its bank and other new business initiatives
Källa: BDliveSA - 🏆 12. / 63 Läs mer »