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Campbell Profits Hit By Increased Marketing Expenses
- Bloomberg, Friday, September 7, 2007 1 PM
Campbell Soup profits for the fourth quarter trailed analysts' estimates mostly because of a 15% jump in marketing and promotions costs to improve sales of Swanson broth, Prego pasta sauces and
Pepperidge Farms cookies. Rising expenses for grain, dairy and chocolate spurred the soupmaker to boost prices last year, and …
