Campbell Soup's 2Q Profit Heats Up

Originally published on Fox Business. Campbell Soup (CPB: 33.01, +0.95, +2.96%) narrowed its second-quarter profit but trumped Wall Street expectations as the nearly 150-year-old company's turnaround plan helped revamp sales in its struggling U.S. soup business. The canned soup maker, which continues to reel from an earlier marketing war with rival Progresso, reported net earnings of $205 million, or 64 cents a share, compared with a year-earlier $239 million, or 71 cents. Revenue for the three-month period was up 1% to $2.11 billion, led by 4% sales increase in U.S. beverages, weighed down by softer sales in U.S. simple meals, global baking and snacking, and international simple meals and beverage categories. Continue reading this article here.