Campbell Soup Stocks Sink To Almost 2-Yr Low On Vulnerable Outlook

Soup sales fell 4 percent, and profit and revenue fell shy of expectations.
Wall Street hammered shares of Campbell Soup Co. on Thursday for another quarter of lackluster sales.
The company’s overall sales fell 1 percent in the fourth quarter from the same time last year.
The food company now projects that soup sales will fall at that retailer, which Campbell declined to name, and it accordingly expects soup sales to decline overall in the upcoming fiscal year.
“Campbell Soup’s stock price has plunged nearly 23 percent this yearSource: FactSetMorrison said soup is still a large and profitable business for Campbell.

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