Campbell Soup's Food and Beverage Sales Help Offset Slide in Snacks

Key Takeaways Campbell Soup CEO Mark Clouse said that Campbell Soup's acquisition of Sovos, which was completed on March 12, "already is bringing significant incremental growth to our company as we continue to navigate the pace of consumer recovery." Because of the addition of Sovos, Campbell Soup raised its full-year revenue growth estimate to 3% to 4%, up from the previous outlook of a decline of 0.5% to 1.5% growth. However, it cut its adjusted EPS forecast to $3.07 to $3.10, from the earlier $3.09 to $3 ...