Campbell issues annual forecast below estimates; cuts quarterly dividend
Campbell (CPB) issued annual forecasts below estimates, citing weak demand for pricier snacks and pantry condiments. The soup maker also cut its quarterly dividend by more than a third while seeking improved performance.
Campbell's NASDAQ:CPB issued annual forecasts below estimates on Thursday, grappling with weak demand for its pricier snacks and pantry condiments, and cut its quarterly dividend by more than a third as the soup maker looks to improve performance.Lower-income consumers are shifting toward cheaper v…