Campbell Soup Co. Reports Earnings

Net sales in the quarter increased 3% to $1.8 billion. For the quarter, wet soup shipments compared with one year ago were down 6% in the U.S. and up 4% internationally, resulting in a 3% worldwide decline. Net earnings for the quarter were $203 million. Excluding the impact of the Australian reconfiguration, net earnings for the quarter were $206 million, down 24% compared with a year earlier. For the first half of fiscal year 2002, net sales increased 6% to $3.5 billion.
Author: Business News New Jersey
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