December 4, 2019 / 12:41 PM / 3 days ago

Campbell Soup cuts sales forecast on divestiture of European chips business

Dec 4 (Reuters) - Campbell Soup Co on Wednesday lowered its net sales forecast for fiscal 2020, taking a hit from the sale of its European chips business earlier this year.

The soup maker now expects 2020 net sales in the range of a 1% fall to a 1% gain, compared with its prior forecast of a 1% to 3% rise.

The company said the impact from the divestiture of the chips business would be a fall of 2%. (Reporting by Nivedita Balu in Bengaluru; Editing by Maju Samuel)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below