Economic TimesLean R·
Campbell's forecasts weak year ahead on pressured consumer spending
Campbell's is aiming for substantial cost savings by 2030, after announcing a cut to its quarterly dividend to focus on debt reduction. In a surprising turn, the company's fourth-quarter revenue fell more sharply than expected by analysts. In this context, many lower-income consumers are moving to more affordable brands and store labels, leading Campbell's to revise prices across its entire product range.
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