Campbell’s swings to loss in latest quarter on softer demand
Campbell’s posted a quarterly loss with lower sales, citing higher costs that weighed on margins and softer demand. CEO Mick Beekhuizen said the company is taking decisive action to improve performance.
Campbell's swung to a loss and posted lower sales in the latest quarter, as higher costs weighed on margins and softer demand hurt results. Chief Executive Mick Beekhuizen said, "Our performance is not where it needs to be, and we are taking decisive action to improve it," adding that the company is acting to improve performance.