finance.yahoo.com

Campbell’s $500M cost cuts face test as sales keep slipping

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Sig2.65Sen-1.95Env0.00Soc0.00Gov0.00

Campbell’s plans to cut $500 million in costs by fiscal 2030 to rebuild margins and earnings amid weak demand. Management expects another year of declining sales, with net sales down 2% to 4%, and warns pricing actions could pressure volumes. Investors eye whether restructuring savings can outpace the sales decline.

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