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Cambell Soup Posts Weaker-Than-Expected Earnings, Shares Slum

May 29, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Campbell Soup were down Thursday after the canned soup manufacturer outlined its fiscal-2017 earnings outlook with a range of $3 to $3.09 a share…that’s at least six cents below expectations. CEO Denise Morrison said in a statement that she was ‘not pleased’ with the company’s fiscal fourth-quarter results, noting ‘disappointing’ execution issues pertaining to Campbell’s operations in France. “While we have made progress, we recognize we need to deliver sales growth — and it remains a top priority,” she added.

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