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Campbell Soup warns of weak Q2 profit due to carrot supply delays

By Gayathree Ganesan Nov 21 (Reuters) - Campbell Soup Co, which missed Wall Street estimates for first-quarter profit and situs slot online revenue, said harvest delays of its carrot crop in California and higher costs are likely to hurt its earnings in the current quarter. Shares of the company were down 7 percent at $46.39 in late morning trading. The company, which sells the Bolthouse Farms of fresh juices, said severe weather hurt crop production, leading the world's largest soup maker to delay supply of carrot-based products to its customers. Campbell, which expects delays to pick up in December, said…

by nank133907056
September 3, 2023
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