Campbell reports first-quarter results

摘要

Camden, N.J.-based Campbell Soup Co. reported its first-quarter results for fiscal 2016. The company's total sales decreased 2 percent to $2.2 billion primarily because of the adverse impact of currency translation, it says. Organic sales were comparable to the prior year as higher selling prices and a reduction in promotional spending were offset by volume declines. Sales of U.S. beverages decreased primarily because of declines in V8 V-Fusion beverages, which was partly offset by gains in V8 Splash beverages. Campbell Fresh segment sales increased 8 percent to $249 million. Excluding the impact from the acquisition of Garden Fresh Gourmet, segment sales decreased 3 percent reflecting declines in carrot ingredients, fresh carrots and refrigerated soup, partly offset by gains in Bolthouse Farms premium refrigerated beverages and salad dressings.