Nov 20 Campbell Soup Co reported lower
quarterly net earnings on Tuesday, hurt by charges related to
its recent acquisition of Bolthouse Farms, and stood by its
The soup company, which also makes Prego pasta sauce and V8
juice, said net profit fell to $245 million, or 78 cents per
share, in its fiscal first quarter ended Oct. 28, from $265
million, or 82 cents per share, a year earlier.
Excluding costs related to the Bolthouse deal and
restructuring charges, earnings were 88 cents per share.
Sales rose to $2.34 billion from $2.16 billion.
The company said it still expects earnings of $2.51 to $2.57
per share in fiscal 2013 on sales growth of 10 percent to 12