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.
By Connor HartCampbell's swung to a loss and logged lower sales in the latest quarter, hurt by higher costs that weighed on margins as well as softer demand."Our performance is not where it needs to be, and we are taking decisive action to improve it," Chief Executive Mick Beekhuizen said, adding t…