BUSINESS BRIEFING / EARNINGS
- Share via
Times Wire Reports
Campbell Soup Co. said second-quarter profit fell 15% as retailers cut back inventories.
Net income dropped to $233 million, or 64 cents a share, the Camden, N.J., company said. Excluding restructuring expenses, profit was 65 cents a share, a penny more than the average analyst estimate compiled by Bloomberg.
Sales declined 4.3% to $2.12 billion as a stronger dollar trimmed revenue outside the U.S.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
