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00:02Campbell's reaffirmed its annual forecast Monday after trimming it earlier this year,
00:07citing pressure from the Middle East conflict on already strained U.S. consumers, according to
00:11Reuters. Rising gasoline prices linked to the Iran war have dampened household purchasing power,
00:18pushing lower-income shoppers toward private-label brands. The company expects organic sales to fall
00:231% to 2% and adjusted earnings per share of $2.15 to $2.25. Third-quarter adjusted profit
00:33came
00:33in at $0.50 per share, beating analyst estimates of $0.48. CEO Mick Beekhuizen said the company is
00:40focused on simplifying operations while accelerating productivity and cost savings. The food major
00:45identified its salty snacks business, including Snyder's of Hanover, Kettle Brand, and Pepperidge
00:51Farm as its biggest growth opportunity, with plans to prioritize core brands,
00:56adjust pack sizes, and streamline its product range. For all things money, visit benzinga.com.
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