Campbell’s seeks to restore profitability

The Manila Times 15 h Philippines

CAMPBELL’S said on Thursday it has closed plants, cut jobs and planned more price increases on select products as the soup-and-snacks maker seeks to offset rising costs and restore profitability. Its shares were down about 11 percent and on track for their worst day since 2018 as the company also cut its dividend by a third and forecast annual sales and profit below estimates. “Our res

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