Campbell Soup’s net income slipped 8 percent in the first quarter, as the world’s biggest soup maker booked charges related to closing its oldest U.S. plant and a push into the faster-growing premium juice market.
The company, which also makes Pepperidge Farm baked goods and V8 vegetable juices, on Tuesday cited the moves to reposition its business for the decline in its quarterly profit. But it noted that its flagship U.S. soup business saw a promising sales bump, helped by a new lineup of soups and sauces intended to resonate with younger consumers.
