Posted: May 27, 2010 08:51 AM by Ryan C. Fuhrmann
Growth prospects for the major players in the packaged and processed food industry continue to look uninspiring given their limited sales expansion prospects. Campbell Soup Co. (NYSE:CPB) confirmed this top-line predicament when it reported third-quarter results on Monday morning, which reflected stable growth, yet would not be able to give investors double-digit returns. Currency effects provided a boost to reported sales growth, and earnings increase was robust. Whether or not such increases can be maintained is a matter of speculation.