Campbell Soup Company has announced an ambitious long-term growth plan, aiming for significant expansion across its operations. The strategy involves organic net sales growth, improved profitability, and a $250 million cost-saving initiative. The company also highlighted its focus on innovation and a strengthened distribution model for its Snacks division, and quality and value in its Meals & Beverages division.
Campbell Soup Company (CPB) reported fourth-quarter net sales of $2.293 billion, exceeding last year’s figures but falling short of analysts’ predictions. While adjusted earnings per share outperformed expectations, organic sales declined by 1%. The company anticipates continued growth in the coming year, driven by strategic initiatives and the successful integration of Sovos Brands.
