Campbell's annual sales and profit forecast misses; shares slide
Campbell's (CPB) forecast annual sales and profit below estimates, cut its quarterly dividend by more than a third, and said it is closing some plants amid weak demand for pricier snacks and pantry condiments.
Campbell's NASDAQ:CPB issued annual forecasts below estimates and cut its quarterly dividend by more than a third as it struggles with weak demand for its pricier snacks and pantry condiments, sending its shares down 7% before the bell on Thursday.The soup maker said it had closed some plants and c…