Campbell Soup could take share from Kellogg in the US convenience channel after acquiring Snyder’s-Lance, as the cereal giant is abandoning the direct store delivery (DSD) model for its entire snacks division, said Euromonitor analyst Jared Koerten.
Goldfish crackers, a long-time family favorite, likely will catch many consumers hook, line and sinker this month with the release on select packages of a new multi-colored fish logo that recalls the rainbow LGBT flag.
Pepperidge Farm – the latest food company to find itself in legal hot water over allegedly misclassifying employees as independent contractors – says it will vigorously defend itself after being hit with a class action lawsuit filed by its sales development...
“Intense competitive activity in a sluggish shelf stable juice category” hit second quarter sales in Campbell Soup’s US beverage business, with revenues dipping 3% owing to the lackluster performance of V8 original vegetable juice, said bosses Friday.
Campbell Soup Company has reported a 5% drop in net earnings in the first quarter as soup demand continues to fall in the United States, although the company is beginning to see the first fruits of a turnaround program.
Improved sales and earnings performance within the baking and snacks division of the Campbell Soup for the fiscal year 2010 were due to favourable currency impact and margin growth in both Pepperidge Farm and Arnott’s, said the US company.