Campbell’s $117 million trademark impairments hit Q4 snacks profitability
Campbell’s recorded a combined $117 million impairment charge on its Kettle Brand and Cape Cod trademarks in Q4, with Snacks segment net sales down 12% and organic sales down 6%.
Campbell's said a combined $117 million impairment charge on its Kettle Brand and Cape Cod trademarks in the fourth quarter weighed on overall profitability. In Snacks, net sales fell 12% and organic sales declined 6%, with weakness in the salty portfolio and third-party partners…