Campbell Soup profit falls after drink sales decline
Feb 15 (Reuters) - Campbell Soup reported lower quarterly profit on Friday, hurt by a decline in U.S. beverage sales.
Net income was $190 million, or 60 cents per share, in Campbell's fiscal second quarter through Jan. 27, compared with $205 million, or 64 cents per share, a year earlier.
Excluding restructuring and other charges, the maker of V8 juice and Campbell Soup earned 70 cents per share.
Net sales grew 10 percent to $2.33 billion, helped by the recent acquisition of Bolthouse Farms.
- Separatists take armored vehicles, humiliating Ukraine forces |
- Hundreds still missing in deadly Korea ferry sinking |
- Ocean floor search for missing Malaysia plane cut short again
- BofA reports first quarterly loss since 2011 on lofty legal bill
- Wall Street gains on Yellen comments and Yahoo; BofA falls