A 77% rise in sales across Campbell’s Global Biscuits and Snacks unit lead to the embattled company posting a 25% increase in revenue for its first-quarter.
FMCG giants join global pledge to fight plastic pollution; Campbell in fight to avoid split; Mondelēz set to up prices of biscuits in the US; and Grupo Bimbo’s CEO wins CSR award.
Kellogg’s, Mondelēz, Pepperidge Farm and Flowers Foods have recently recalled bakery and snack products after a whey powder ingredient supplied by Associated Milk Producers has been suspected to be contaminated with the Salmonella bacteria.
Campbell Soup’s president and CEO Denise Morrison reported ‘below expectation’ earnings for Q2 2018, but noted steps into healthy snacking space will ‘lead to improved performance’.
Campbell Soup could take share from Kellogg in the US convenience channel after acquiring Snyder’s-Lance, as the cereal giant is abandoning the direct store delivery (DSD) model for its entire snacks division, said Euromonitor analyst Jared Koerten.
Campbell Soup Company has agreed to acquire Snyder’s-Lance, which distributes snacks including pretzels, sandwich crackers, kettle chips, deli snacks and organic and natural tortilla chips in the US.
Campbell Soup’s global biscuits and snacks division has brought Tim Tam single-serve packs to the US and has set about educating consumers on the Tim Tam Slam.
Campbell’s Soup Co promises investment to maintain growth for its cracker and biscuits brands and plans further innovation in its fresh bakery business.
Improved sales and earnings performance within the baking and snacks division of the Campbell Soup for the fiscal year 2010 were due to favourable currency impact and margin growth in both Pepperidge Farm and Arnott’s, said the US company.
Food manufacturer Campbell Soup has installed global product
lifecycle management (PLM) software to achieve cost savings in an
operation that generates annual revenues of $5 billion.
