Campbell’s Q4 loss prompts dividend cut to reduce debt
Campbell’s reported a net loss in Q4 versus a profit last year, citing lower net sales and inflation-driven margin headwinds. The company also cut its dividend by 36% to reduce debt.
Campbell's Co. reported a net loss for the fourth quarter, compared with a profit a year earlier, as lower net sales and inflation-driven margin pressure weighed on results. The company also posted weak adjusted earnings, net sales and organic net sales growth.