date:Feb 17, 2014
quarter helped soup sales grow, the recent storms also led to lost sales as retailers shut shops and Campbell was forced to close plants.
We believe the weakness that Campbell and other food companies experienced in January was partially related to the extreme weather conditions, which dealt a blow to the U.S. economy, Chief Executive Denise Morrison said on a post-earnings call.
The company said soup consumption levels in the quarter were below shipments leading to higher inventory levels at