Campbell Soup Co. warned on Thursday of a bigger pinch for consumers in the coming year from recent price rises and said its older customers were seeking cheaper store-brand options over its soups and broths amid a rise in cost of living. Shares of the more than 150-year-old U.S. company fell about 4 percent after…
Campbell Soup Plans More Price Increases to Counter Inflation
Campbell Soup said on Wednesday it was planning to increase prices of some products, as it deals with higher ingredient and freight costs that are likely to plague packaged foods makers through the year. Shares in the Cape Cod potato chips maker, which already raised prices for some items only last month, gained 2 percent…
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