Comment on Campbell Soup Explains Where Things Went Wrong Last Quarter

Campbell Soup Explains Where Things Went Wrong Last Quarter

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

 

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