Article Date 09/06/2021

Campbell Soup is getting squeezed by higher costs

Source CNN Business

New York (CNN Business)Campbell Soup is raising the prices it charges stores for its products in response to rising supply chain costs.

The maker of namesake soup brands and snacks like Goldfish crackers, Milano cookies and Snyder's pretzels reported Wednesday that profit fell 5% to $160 million during the three months ending May 2, compared with the same stretch last year.

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