Campbell's Still Looking For Answers Following Rough Fiscal Year

Campbell's observed a difficult finish to its fiscal year, recording net income of $403 million for the year -- down 33% from the $602 notched in the year prior. Organic sales were down 2%, and snacks down a significant 12%. “Make no mistake. Our results remain unacceptable, but instead of waiting for the environment to improve around us, we are addressing reality head-on," said Mick Beekhuizen, president and CEO.