Shop Talk

Retailers, consumers and prices

Check Out Line: Campbell profit mmm, mmm good

September 11, 2009

cpb1Check out Campbell Soup’s better-than-expected profit .

The world’s largest soup company posted operating earnings of 30 cents a share in the fourth quarter of fiscal 2009.

That was four cents better than Wall Street had expected, thanks to higher prices and increased sales of condensed soup and Prego pasta sauce as people ate at home more to save money during the economic slump.

Campbell, known for its soup in the iconic red and white cans, also forecast a stronger-than-expected  increase in earnings in the 2010 fiscal year.

In the past year, Campbell and most other food companies have raised prices to combat then-soaring commodity costs. 

But lower market prices could be on the horizon. 

The U.S. Department of Agriculture said mild weather aided in an expected record soy crop and near-record corn crop. The resulting lower prices will encourage milk and meat production, the according to the USDA.

Also in the basket:

Pernod Ricard execs cautiously optimistic

Fashion’s Secret Helpers (Wall Street Journal)

Penney’s Adds Own Contemporary Line (WWD, subscription required)


Post Your Comment

We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see