Campbell’s shares slumped 12 percent in mid-afternoon trading, hitting a more than five-year low and putting them on track for the worst one-day decline since 1999. Food companies like Campbell have been pressured as consumers increasingly move away from processed food toward healthier options. The shifting consumer tastes are partly to blame for four straight years of declines at Campbell’s U.S. soup business, a period that Morrison oversaw. …read more
Source:: Yahoo Finance
