Campbell Soup

Campbell Soup reported a decline in U.S. soup sales, but said consumers are starting to shift purchasing back to shelf-stable products and away from pricier items on the supermarket perimeter. Campbell Soup reported a decline in U.S. soup sales, but said consumers are starting to shift purchasing back to shelf-stable products and away from pricier items on the supermarket perimeter. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the…

U.S. consumers are gorging on snacks, fueling boom times for cookie and candy giants while other packaged-food companies vie for bigger shares of the snack aisle. U.S. consumers are gorging on snacks, fueling boom times for cookie and candy giants while other packaged-food companies vie for bigger shares of the snack aisle. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the…

Campbell Soup Co. CPB -0.86% translated higher prices into double-digit sales growth and raised its outlook for the second consecutive quarter, anticipating that consumers will continue turning to its products as they tighten their budgets and pull back on spending elsewhere. The soup and snack maker said sales rose 12% to $2.49 billion for the quarter ended Jan. 29, topping analyst expectations as prices jumped 14% while volumes…

Campbell Soup Co. CPB 5.85% boosted its outlook after sales and profit rose at double-digit rates in its fiscal first quarter as the company kept raising prices to offset rising costs. The soup and snack maker said Wednesday that sales jumped 15% to nearly $2.6 billion in the quarter ended Oct. 30, topping analyst projections of $2.45 billion, according to FactSet. The top-line growth was once again driven by higher prices, though…

Photo: Stephen Lovekin (Getty Images)Whiskey conglomerate Jack Daniel’s Property, Inc has filed a dispute against the dog toy maker VIP Products LLC for making a toy parody of its signature whiskey bottle. The company has even successfully pushed the U.S. Supreme Court to hear their dispute, which they agreed to on Monday. SCOTUSblog shared the news in a Twitter post, writing that the nation’s highest court had agreed to hear the dispute between Jack Daniel’s and the toy manufacturer, adding, “The case will have…

Campbell Soup Co. CPB -2.76% ’s profit slumped in the latest quarter, as sales volumes shrank even though higher prices boosted the company’s revenue.The soup and snack maker on Thursday reported a profit of $96 million, or 32 cents a share, for its most recent quarter, compared with $288 million, or 95 cents a share, in the same period a year earlier. Costs have escalated for the Chicago-based company and other big food makers, which are dealing with industrywide…

McDonald’s MCD 1.70% Corp. said higher prices and value menu offerings helped U.S. sales in the second quarter, but total revenue fell and the outlook remains uncertain amid inflation and weakening consumer sentiment. “The operating environment across the competitive landscape remains challenging,” Chief Executive Chris Kempczinski said. Mr. Kempczinski said Tuesday that McDonald’s is planning for a wider range of scenarios given weakening…

Kellogg Co. K 2.06% ’s plan to spin off its cereal and plant-based foods businesses is renewing focus on corporate breakups in the U.S. food industry. Campbell Soup Co. CPB 0.92% , General Mills Inc. GIS 1.59% and other food makers for years have built out their baskets of brands, acquiring newer, trend-aligned products and pushing into other supermarket segments,…

Kraft Heinz notified retailer customers this past Monday that it would raise prices in August on items ranging from Miracle Whip and Classico pasta sauce to Maxwell House coffee products and some deli meat. Cory Onell, chief sales officer at Kraft Heinz, wrote in the memo to retailers that inflation continues to affect the economy and shape consumption patterns. Costs continue to rally and the persistence of increases makes it necessary to announce price changes, he wrote.…

Starbucks Corp. SBUX -0.95% is selling its cold-pressed juice brand, as the company focuses on its coffee-drink business and improving its stores and relations with its cafe workers under interim Chief Executive Howard Schultz. Fresh-food maker Bolthouse Farms Inc. said it agreed to acquire Starbucks’s Evolution Fresh line of juices, which currently are sold in Starbucks cafes and supermarkets. Terms of the deal, which Bolthouse said is…