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4 years ago
Campbell Soup profit falls after drink sales decline
February 15, 2013 / 12:45 PM / 4 years ago

Campbell Soup profit falls after drink sales decline

1 Min Read

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.

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