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3 Key Takeaways From Campbell Soup's Latest Earnings Report

9/03/15 11:03 AM EDT
Campbell Soup (CPB) reported its latest quarterly earnings results Thursday morning, here are three key takeaways from the report. First, the company's revenue for the period fell 8.6 percent compared to a year ago. The top line was hurt by a strong dollar and weak sales in its U.S. simple meals business. The maker of canned soup, Pepperidge Farm cookies and V8 juice also noted that this quarter was one week shorter than previous years. The second key takeaway is that the company is still in the middle of its restructuring efforts. TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUS Charitable Trust Portfolio says he’s seeing the beginning of the turn for more fresh food options, and likes the company's natural and organic initiatives. Recently, the company has acquired Bolthouse Farms juices, Plum Organics baby food and salsa, and hummus and dip maker Garden Fresh Gourmet to its portfolio of brands. And lastly, Campbell’s four out of the five reporting segments had strong organic sales overall with global baking and snacking showing the most strength. TheStreet's Kurumi Fukushima reports in New York.
Stocks in this video: CPB
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