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.
CAMDEN (dpa-AFX) - Food and beverages maker Campbell's Co. (CPB) reported Thursday a net loss for the fourth quarter compared to a profit last year, hurt by lower net sales and inflation-driven margin headwinds.
The company also provided weak adjusted earnings, net sales and organic net sales growt…