Camden, N.J.-
By ANUK Staff
2.20.13
Campbell Soup Company reported results for fiscal 2013 second quarter ended Jan. 27, 2013. The company’s net earnings of decreased from $205 million in the same period last year to $190 million. Excluding restructuring and related charges, adjusted net earnings increased 6% from $207 million in last year’s quarter to $220 million.
President and CEO Denise Morrison, noted that the company’ acquisition of Bolthouse Farms has provided the foundation to accelerate growth. “Our newly acquired Bolthouse Farms business delivered solid results in the fresh carrots, beverages and salad dressings categories, driven by innovation and increased distribution. The Bolthouse Farms integration is also progressing well.”"Bolthouse Farms gives us strong credentials in the packaged fresh category in the retail perimeter–a terrain much broader than beverages and salad dressings. We’ve identified some very compelling opportunities in this arena and we’re developing plans to pursue them,” said Morrison
For the second quarter, sales increased 10 percent to $2.333 billion. The increase in sales for the quarter reflected positive factors, including the acquisition of Bolthouse Farms that added 9 percent; price and sales allowances that added 2 percent; and increased promotional spending that subtracted 1 percent.
Bolthouse
