Given its recent struggles, investors had low expectations for consumer foods specialist Campbell Soup Company's (NYSE: CPB) earnings report last week. But the results, which included a sharp drop in profitability and a $600 million impairment charge, still shocked Wall Street and sent the stock down to a new multi-year low.Interim CEO Keith McLoughlin, who is stepping in after Denise Morrison abruptly resigned, held a conference call with analysts that sought to add context to those results and explain why Campbell Soup's earnings picture is worsening.Here are a few highlights from that presentation.Continue reading
Campbell Soup Explains Where Things Went Wrong Last Quarter
newsfeedback@fool.com (Demitrios Kalogeropoulos), The Motley Fool
Wed, 05/23/2018 - 8:00am
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