The American company Campbell Soup closed its last fiscal year with a turnover of 8.107 billion dollars (7.363 billion euros), representing an increase of 23% compared to the previous year.
However, the company's net profit fell 19,1% in the last 12 months, to $211 million (€191,6 million). EBIT also suffered a drop (-3%) in that period, totaling $979 million (€889,1 million).
In relation to the fourth fiscal quarter, Campbell Soup's sales totaled $1.780 billion (€1.616 billion), up 2%, and it suffered a net loss of $8 million (€7,3 million), compared to a profit of $94 million (€85,4 million) in the same period of the previous year.
“ Our strong fourth-quarter results culminated in a year of stable and positive performance for Campbell ,” said the company’s president and CEO, Mark Clouse, who noted that they met or exceeded forecasts for four consecutive quarters this year.
The manager acknowledged progress in his 2019 strategic initiatives, such as improving market performance, strengthening his relationship with key retailers, and redesigning the business with a focus on North America, following the sale of Campbell International. " We've created a solid foundation to build upon in fiscal year 2020 ," says Clouse.
