Campbell's forecasts annual sales below estimates

The Manila Times 15 h Philippines

CAMPBELL'S issued annual forecasts below estimates on Thursday, grappling with weak demand for its pricier snacks and pantry condiments, and cut its quarterly dividend by more than a third as the soup maker looks to improve performance. Lower-income consumers are shifting toward cheaper value brands and store-label products, pressuring sales at companies including Campbell's that have raised price

Aggregated from the leading newsrooms of the country. Every story links to its original source.