Campbell Soup reports 2nd quarter loss

February 27, 2019

CHICAGO (Reuters) – Campbell Soup Co on Wednesday reported a quarterly loss, hurt by impairment charges of $346 million for its struggling fresh food business.

Camden, New Jersey-based Campbell said net sales rose about 24 percent to $2.71 billion in the second quarter ended Jan. 27, helped by the acquisitions of Snyder’s-Lance and Pacific Foods.

(Reporting by Richa Naidu; Editing by Chizu Nomiyama)

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