Campbell Soup Co, posted a decline in earnings for the most recent quarter, but the company sees better times ahead.
Campbell Soup Co. posted a decline in earnings for the most recent quarter, but the company sees better times ahead.
Sales for Campbell’s second fiscal quarter were $2.21 billion, down 3% from the same quarter last year. Net income was $212 million, down from $245 million last year.
CEO Mark Clouse cited problems obtaining labor, ingredients and packaging, as well as struggles with inflation. Those challenges drove Campbell’s margins down from 34.4% to 30.3%.
However, Clouse told analysts that the labor situation is beginning to straighten out, with 3,500 new hires in the last seven months. Campbell is sticking with its forecast for fiscal 2022 of earnings per share between $2.75 and $2.85.
Kaeser is the world’s leading air systems specialist and offers a full range of compressed air solutions for almost any application. From industrial compress...
Take a moment to see the scope of Kaeser's commitment to innovative system designs that guarantee ultra-reliable compressed air, easy maintenance, and greater efficiency.
Ventilation has a huge impact on the ambient temperature in the compressor room and is often the missing link to temperature regulation issues. Here are four factors to consider...
Learn how to get a smart, reliable, energy-efficient compressed air system delivered in a turnkey, weatherproof and temperature-controlled enclosure that needs little or no onsite...