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 said on a call with analysts. He said those pressures are expected to accelerate over the coming year. As a result, the soup-and-snacks maker said it will selectively implement commodity-driven pricing actions.