Why Campbell Soup Stock Dropped This Week
Campbell Soup (NYSE: CPB) shareholders had a lukewarm week this week as its stock declined 9% through Thursday trading compared to a 0.3% increase in the S&P 500. The packaged food specialist's shares were pressured by earnings results that described a weakening sales environment. Campbell Soup revealed on Wednesday that organic sales were up 5% for the fiscal period that ended in late April.