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 recorded a combined $117 million impairment charge on its Kettle Brand and Cape Cod trademarks in the fourth quarter, dragging down overall profitability.
The Snacks segment saw net sales drop 12% with organic sales down 6%, driven by weakness in the salty portfolio and third-party partn…