News Summary: Campbell profit rises in 4th quarter

AP News
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Posted: Sep 04, 2012 5:01 PM

SOUP'S ON: Campbell Soup Co. reported a stronger than expected net profit for its fiscal fourth quarter, as soup sales rose for the first time in more than two years.

IMPORTANT INGREDIENTS: The sales increase was partly the result of retailers running promotions and stocking up on inventories of condensed canned soups.

STILL SIMMERING: Campbell is in the middle of trying to turn around its soup business, with plans to introduce 50 new products in the year ahead. For its fiscal 2013, the company expects the vast majority of growth to come from the recent acquisition of Bolthouse Farms.