Why the Bowl's More Than Half Full for Sinking Campbell Soup
Your grandparents ate it, your grandchildren will too -- but coming down from a pandemic surge in sales, Campbell Soup (NYSE: CPB), has gotten a little too cold for investors. Campbell, founded in 1869, is a victim of an unprecedented pandemic cycle. But if investors stay patient, they might still have the chance to scoop up some delicious returns.
Consumers loaded their cupboards with soup during amid lockdowns, and now that more of them are vaccinated, they're buying fewer Campbell products. The company recently reported an 11% decline in sales for the fourth quarter and projected essentially no growth for its fiscal 2022 performance. Investors didn't like this news and they seem to viewing the can as only half full.
But despite this sharp pullback in sales, consumers are still buying more of Campbell's brands than they did before the pandemic hit.
Source Fool.com
