The Campbell Soup Co. says its first-quarter profit fell 3.7 percent, but its sales rose as people bought more condensed soup.
The company said Monday it earned $260 million, or 71 cents per share in the quarter ended Nov. 2. That compares to $270 million, or 70 cents per share, a year earlier.
The Camden-based soupmaker says its sales rose 3 percent to $2.25 billion for the quarter, from $2.19 billion. Campbell's says condensed soup sales rose 14 percent in the quarter.
Excluding one-time items, such as restructuring costs and losses on commodity hedges, the company would have earned $281 million, or 77 cents per share.
The company says it expects to be hurt in the fiscal year by unfavorable exchange rates.
'Business' 카테고리의 다른 글
| Beijing's Confidence Game (0) | 2008.11.25 |
|---|---|
| Can Supercomputers Save Wall Street? (0) | 2008.11.25 |
| King Pharma's $1.6B offer wins over Alpharma (0) | 2008.11.25 |
| Johnson & Johnson paying $438 million for Omrix (0) | 2008.11.25 |
| Obama Introduces Economic Teams (0) | 2008.11.25 |
