Campbell’s to selectively raise commodity-driven prices to offset inflation
CEO Mick Beekhuizen said higher costs pressured Campbell’s profitability last year and are expected to accelerate. The company plans to selectively implement commodity-driven pricing actions.
Higher costs pressured Campbell's profitability last year, CEO Mick Beekhuizen says on a call with analysts.
Those pressures are expected to accelerate over the coming year, he adds.
As a result, the soup-and-snacks maker says it will selectively implement commodity-driven pricing actions, while co…