Campbell Soup Co.'s reports its fiscal second-quarter earnings to jump by 11% as the company's margins drifted towards the positive side, though it continued to witness weakness in U. S. soup sales and companywide volume fell 2%.
For the quarter ended Jan. 31, Campbell registered a profit of $259 million, or 74 cents a share, increased from $233 million, or 64 cents, the previous year. Revenue jumped 1.5% to $2.15 billion as currency changes added four percentage points to the figure.
The results were in line with the analysts surveyed by Thomson Reuters had most recently forecast earnings of 74 cents on $2.23 billion in revenue.
"We delivered good earnings growth driven mainly by overall strong cost management, productivity gains and favorable currency", said President and Chief Executive Doug Conant. "In particular, our baking and snacking and international soup, sauces and beverages segments improved their earnings performance".
After recently completing a two-year attempt to find ways to get people to buy more soup, Campbell is aiming on advertising that outlines the affordability and nutritional value in its soups.












