Campbell Soup Exec Says Snacking Industry Is Experiencing Temporary Headwinds Due To Financial Strain On Middle And Lower Income Households
Portfolio Pulse from Benzinga Newsdesk
Campbell Soup's executive highlighted temporary challenges in the snacking industry due to financial pressures on middle and lower-income households, as reported during their Investor Day.
September 10, 2024 | 1:56 pm
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Campbell Soup's executive noted temporary challenges in the snacking industry, attributed to financial strain on middle and lower-income households. This could impact Campbell's revenue from its snacking segment.
The statement from Campbell Soup's executive suggests that the company's snacking segment may face revenue challenges due to reduced consumer spending power. This is likely to have a short-term negative impact on CPB's stock price.
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