ST. Any such
forward-looking
statements are made based on information currently known and are subject to
various
risks and uncertainties and are therefore qualified by the Company's
cautionary statements contained
in its filings with the Securities and
Exchange Commission.
Further details of sales results
include the following:
-- Both condensed eating and cooking soup sales rose in the
quarter
.S.
unbaked alimentaria
These statements are
sometimes identified by their use of terms and phrases such as "should,
"
"will," "can," "believes," "could," "likely," "anticipates," "intends,"
"plans," "expects," or
similar expressions.58.
Summary of Fiscal 2005 Second Quarter Results By Segment
U.
-- "Campbell's SpaghettiOs" pasta sales increased significantly
as the business continues to
benefit from the conversion to
the "Campbell's" brand supported by increased advertising.0 billion
. Pepperidge Farm continued to successfully expand
distribution of its lines of bagels and English
muffins.
(3) The gain relates to the sale of an idle facility in California. Consequently, the
company
believes that investors may be able to better understand earnings if
these transactions
are excluded from the results. The program will be supported by:
* A free standing insert
(FSI) reaching 20 million households that will
offer a valuable coupon good towards the purchase
of "Meet the Fockers"
on DVD or VHS when a Pepperidge Farm frozen food product is purchased
.croissant tarts
, France and Belgium delivered
growth from volume and mix improvement. The company disclaims any
obligation or intent to
update the forward-looking statements in order to reflect events or
circumstances
after the date of this release.
Baking and Snacking, which includes the following businesses:
"Pepperidge Farm" cookies, crackers, breads and frozen products in
U. The "non-GAAP" financial
measures are measures of
performance not defined by accounting principles generally accepted in
the
United States and should be considered in addition to, not in lieu
of, GAAP reported measures.croissant alimentaria
08
a year ago.S.S.
Highlights of this segment's other businesses include:
-- After a successful
introduction in the first quarter,
"Campbell's Chunky" chili continues to perform well in the
marketplace
. Top performers included "Pepperidge Farm" wheat and
grain breads, as well as "Pepperidge Farm" Carb
Style breads
and rolls. In
addition, businesses in the U.S.1575
============ ============
Weighted average shares outstanding - basic
409 411
============ ============
Per share - assuming dilution
Net earnings $ .08 5
%
======== ========
CAMPBELL
SOUP COMPANY CONSOLIDATED
BALANCE SHEETS (unaudited)
(millions)
January February
30, 2005 1, 2004
---------- ----------
Current assets
$ 1,674 $ 1,541
Plant assets, net 1,917 1,871
Intangible assets, net 3,156 3,081
Other assets
327 303
---------- ----------
Total assets $ 7,074 $ 6,796
========== ==========
Current liabilities
$ 2,219 $ 2,502
Long-term debt
2,552 2,566
Nonpension postretirement benefits 292
301
Other liabilities 672 559
Shareowners
' equity 1,339 868
---------- ----------
Total liabilities and shareowners' equity $ 7,074
$ 6,796
========== ==========
Total
debt $ 3,128 $ 3,474
========== ==========
Cash and cash equivalents $
51 $ 41
========== ==========
Reconciliation
of GAAP and Non-GAAP Financial Measures
Campbell Soup Company uses certain "non-GAAP" financial
measures
as defined by the Securities and Exchange Commission in certain
communications.
* DVD on-pack stickers promoting the sweepstakes in grocery chains
nationwide on millions
of units with an instant redeemable coupon for
two dollars off the purchase of any two Pepperidge
Farm products. Five first-prize
winners will win cooking classes at local Williams Sonoma stores
or $100
Williams Sonoma gift certificates. 1 television network, the fastest-growing Spanish-language
network, a valuable portfolio of news and entertainment networks, a premier
motion picture company
, significant television production operations, a
leading television stations group, and world-renowned
theme parks.phyllo dough
57, even with the year-ago
quarter.
Douglas R. Soup.
-- Arnott's sales rose
, driven by currency, as well as volume and
pricing gains in biscuits and salty snacks.
A breakdown
of the change in sales follows:
-- Volume and mix added 7 percent
-- Price and sales
allowances added 4 percent
-- Currency added 1 percent
Further details include the following:
-- Godiva Chocolatier sales rose on strong performance in all
channels in North America
-- retail, wholesale, and direct.Universal Studios Home Entertainment and Pepperidge Farm Cook Up a Delicious
'Meet the Fockers' DVD Promotional Partnership and Sweepstakes
Universal Studios Home
Entertainment is a unit of Universal Pictures, a
division of Universal Studios (http://www. Universal
Studios
is a part of NBC Universal, one of the world's leading media and entertainment
companies
in the development, production, and marketing of entertainment,
news, and information to a global
audience.piantedosi batter
Diluted earnings per share for the first half of fiscal 2005 were
$1.
-- Sales
of ready-to-serve soups were adversely impacted in part
by a shift between first and second quarter
promotional
spending and marketing programs, as well as the comparison to
a very strong sales
quarter a year ago.
For the first half of fiscal 2005, sales increased 8 percent to
$882 million
.
International Soup and Sauces
Sales for International Soup and Sauces were $502 million
, a 10
percent increase compared with the second quarter of fiscal 2004. U. Participants should call
at least five minutes prior
to the starting time. The call will also be broadcast live
over the
Internet at www.campbellsoupcompany. Actual results could vary materially from those
anticipated
or expressed in any forward-looking statement made by the
company.
International Soup and
Sauces, which includes the soup, sauce and
beverage businesses outside of the United States, including
Canada,
Europe, Mexico, Latin America, and the Asia Pacific region.
Other, which includes
the Godiva Chocolatier business worldwide
and the Away From Home business in the U.57
============ ============
Dividends
$ .
(2) The gain relates to the settlement of a class-action lawsuit
involving ingredient suppliers. One hundred second prize winners will
receive a "Meet the Fockers
" DVD and Rachael Ray cookbooks.
Pepperidge Farm, Incorporated, based in Norwalk, Connecticut
, is a leading
provider of premium quality fresh bakery products, cookies, crackers, and
frozen
foods. Among the company's most popular products are Chocolate Chunk
and Milano(R) cookies, Goldfish
(R) crackers, and more than 50 varieties of
fresh baked breads including Swirl, Pepperidge Farm Farmhouse
(R), and Natural
Whole Grain breads.alimentaria batter
Ralcorp will finance the acquisition
primarily through borrowings
under its existing $150 million revolving credit
facility.
For the second quarter, net sales rose
6 percent to $2. and
Canada.m.S.02)
-----------
-----
Earnings per share, excluding restructuring
related costs and one-time items
$ 1.
* Promotional microsite with links on meetthefockers.
To further extend
the partnership, Universal Studios Home Entertainment
will launch a 50-market "Meet the Fockers"
DVD radio promotion in April 2005,
featuring over a thousand Pepperidge Farm "Dinner and a Movie
" prize packs.breads piantedosi
Ralcorp produces a variety of store brand foods that are sold under the
individual
labels of various grocery, mass merchandise and drug store
retailers, and frozen bakery products
that are sold to restaurant and food
service customers. For the first half,
sales of ready-to
-serve soups have increased 3 percent.
For the first half of fiscal 2005, sales increased 9 percent
to
$918 million. participants at
1-210-234-0002.17 $ . Soup, Sauces and
Beverages
$ 956 $ 950 1%
Baking and Snacking
433 397 9%
International Soup and Sauces 502 457
10%
Other 332 296 12%
-------- --------
Total sales $ 2,223
$ 2,100 6%
======== ========
Earnings
--------
Contributions:
U.alimentaria breads
, a leading manufacturer of value brand and
private label corn
-based snack products including tortilla chips, corn chips
and extruded corn products. Soup business
increased
sales 6 percent for the first half of fiscal 2005, with condensed,
ready-to-serve, and
broth all experiencing growth."
The company confirmed its fiscal 2005 guidance for earnings per
share
to increase between 5 and 7 percent, excluding restructuring
charges, from the adjusted fiscal year
2004 base of $1.
-- Sales of "Pace" Mexican sauces increased in the quarter.
For the
first half of fiscal 2005, sales increased 5 percent to
$2. Operating earnings increased 6 percent
to $125 million,
primarily due to the favorable impact of currency.strudels baked
The transaction is expected
to close on or before June 30, 2005, subject
to customary conditions including the expiration or
termination of the
Hart-Scott-Rodino waiting period.3 billion for the first half of fiscal 2005,
an
increase of 8 percent compared with the year-ago period, reflecting
the following factors:
-- Volume and mix added 6 percent
-- Price and sales allowances added 1 percent
-- Increased promotional spending subtracted 1 percent
-- Currency added 2 percent
For
the first half of fiscal 2005, the company reported net
earnings of $465 million versus $446 million
a year earlier, an
increase of 4 percent. We are especially
pleased with the strong sales growth
in condensed soup, which is up 7
percent for the first half, the best performance in many years.
-- "Pepperidge Farm" cookie sales rose on the strength of a
successful holiday season, and
the introduction of a new line
of sugar-free cookies and four new varieties of soft-baked
cookies
.
-- In Canada, sales increased due to the favorable impact of
currency.S.
Grand
Prize Winner to Receive Trip for Six to New York to Attend Taping of
Celebrity Chef
Rachael Ray's '30 Minute Meals'
UNIVERSAL CITY, Calif.delicias alimentaria
Medallion operates one
manufacturing
operation in Newport, Arkansas and employs approximately 270
employees. In addition to such cautionary
statements, the Medallion
acquisition will not occur if certain conditions of the definitive agreement
to purchase Medallion Foods, Inc.
While the cost of these investments and materials inflation
has
impacted our U.S. Strong promotional
activity and new product introductions also contributed
to
growth.
Sales grew 12 percent to $332 million compared with the same
period a year ago.
Operating earnings of $72 million were up 14
percent versus the prior year, primarily due to the
strong sales
growth.
Same-store sales were up double digits in North America, as
the implementation
of stronger merchandising, increased
advertising and promotional activity, and new product
introductions
drove increased traffic to Godiva stores.57 $ .08
============ ============
Dividends $ .08
============ ============
Weighted average shares
outstanding
- assuming dilution 413 412
============ ============
CAMPBELL SOUP
COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except per share amounts)
THREE
MONTHS ENDED
------------------
January February Percent
Sales 30
, 2005 1, 2004 Change
----- -------- -------- -------
Contributions:
U.
Fiscal Year Ended
-----------------
August
1, 2004
-----------------
As reported earnings per share $ 1.com and
pepperidgefarm.com.pepperidgefarm.
Winners of the radio promotion will win a "Meet the
Fockers" DVD and dinner,
featuring delicious Pepperidge Farm frozen products.baked malted
Campbell Reports Second
Quarter Earnings Per Share of $.57 Even With Year Ago Net Sales Increase 6 Percent; U.S. Condensed
Soup Sales Rise 4 Percent
Soup, Sauces and Beverages
Sales for U. Soup, Sauces and Beverages
were $956 million, a 1
percent increase compared with a year ago.
-- Sales in Asia Pacific
were also up, driven by significant
volume growth in the region.S.57 $ . The sweepstakes
,
open to legal residents 18 years or older, ends on June 30, 2005. Entry for
the sweepstakes
can be found on http://www.
"Meet the Fockers," the highest-grossing live-action comedy of all
time,
makes its DVD debut April 19, 2005 and is packed with bonus material including
65 bloopers
and 10 more deleted scenes.alimentaria delicias
2 billion,
reflecting the following factors:
Volume and mix added
4 percent
Price and sales allowances added 1 percent
Increased promotional spending subtracted
1 percent
Currency added 2 percent
Net earnings for the second quarter of fiscal 2005
were $235
million, even with a year earlier.
For the first half of fiscal 2005, sales increased
12 percent to
$564 million.
Non-GAAP Financial Information
A reconciliation of the
adjusted fiscal year 2004 earnings per
share to the reported earnings per share is attached to this
release
and can also be found on the company's website at
www. Soup, Sauces and
Beverages
$ 491 $ 511 -4%
Baking and Snacking
93 84 11%
International Soup and Sauces 125 118
6%
Other 94 85 11%
-------- --------
Total operating earnings 803
798 1%
Unallocated corporate expenses (33) (55)
-------- --------
Earnings before interest and
taxes
770 743 4%
Interest, net
(89) (85)
Taxes on earnings (216) (212)
-------- --------
Net earnings
$ 465 $ 446 4%
======== ========
Net earnings per share
- assuming dilution $ 1.croissant panadero
(NYSE: RAH) today
announced that it has signed a definitive agreement to
purchase Medallion Foods, Inc. Conant, Campbell
's President and Chief Executive
Officer, said, "At the halfway mark in the year, we are pleased with
our overall company performance. Our U. Particularly noteworthy have
been the outstanding top
and bottom line performances of Pepperidge
Farm and Away From Home in the U. Operating earnings increased
12
percent to $47 million compared with the year-ago quarter, as the
impact of pricing and higher
volume was partially offset by increased
marketing and commodity cost inflation.
A breakdown
of the change in sales follows:
-- Volume and mix added 4 percent
-- Increased promotional
spending subtracted 1 percent
-- Currency added 7 percent
Further details of sales results
include the following:
-- Sales were up in Europe, primarily due to currency. Please refer to
the company's most recent Form 10-K and
subsequent filings for a further discussion of these risks
and
uncertainties. and Canada.
About Campbell Soup Company
Campbell Soup Company is
a global manufacturer and marketer of
high quality soup, sauce, beverage, baking, biscuit, confectionery
and
prepared food products.34 $ .com and
http://www. The company is now a
nationwide
business with 8 manufacturing facilities, almost 5,000 employees,
3,000 independent distributorships
, and just over $1 billion in sales. NBC
Universal is 80%-owned by General Electric, with 20% controlled
by Vivendi
Universal.pastisart pancakes
"
Conant continued, "The balance of our portfolio has delivered
excellent
performance for the first half. "Goldfish" snack cracker sales also increased. The Company is 135 years
old, with over $7
billion in annual sales and a portfolio of more than 20 market-leading
brands
. For more information on the company, visit Campbell's website
on the Internet at www.S. The sequel
to Universal's 2000 comedy
smash "Meet the Parents," it stars Robert De Niro, Ben Stiller, Dustin
Hoffman, Barbra Streisand, Blythe Danner and Teri Polo.dough batters
Medallion's products will
greatly expand
Ralcorp's current product offerings in the growing snack food
category.
NOTE: Information
in this press release that includes information other
than historical data contains forward-looking
statements as defined by the
Private Securities Litigation Reform Act of 1995.J.----Campbell Soup
Company (NYSE:CPB) today reported diluted earnings per share for the
second quarter ended January
30, 2005 of $.
Net sales were $4.S. Operating earnings of $216
million were down 12 percent compared
with the year-ago quarter, due
to increased trade promotion and advertising and higher materials
costs, partially offset by productivity savings and lower
administrative expenses.
--
"V8" vegetable juice and "Campbell's" tomato juice sales
increased in the quarter, while sales of
"V8 Splash" juice
beverage declined. Operating earnings decreased 4 percent to $491 million,
as
the benefit of higher sales and productivity gains were more than
offset by increased trade promotion
and advertising, and higher
materials costs.com and can be accessed
by clicking on the "Webcast
" banner.
These forward-looking statements rely on a number of assumptions and
estimates which
could be inaccurate and which are subject to risks and
uncertainties. Soup, Sauces and
Beverages
$ 216 $ 246 -12%
Baking and Snacking
47 42 12%
International Soup and Sauces 70 65
8%
Other 72 63 14%
-------- --------
Total operating earnings 405
416 -3%
Unallocated corporate expenses (16) (27)
-------- --------
Earnings before interest and
taxes
389 389 0%
Interest, net
(45) (42)
Taxes on earnings (109) (112)
-------- --------
Net earnings
$ 235 $ 235 0%
======== ========
Net
earnings per share -
assuming dilution $ .com). Formed in May 2004 through
the
combining of NBC and Vivendi Universal Entertainment, NBC Universal owns and
operates the
No.delicias pastries
Terms of the transaction have not been
disclosed. From an overall financial
perspective,
we continue to strengthen our balance sheet with the
reduction of our debt, leveraging our strong
cash flow generation. Eating soup achieved solid sales growth in part due
to the combination of successful
merchandising and kids
promotional marketing programs, as well as increased
advertising.
-- While the "Prego" pour-over business continued to achieve
increased volume as category trends
improve, overall sales
declined in the quarter due to lower sales of "Prego" pasta
bake products
.campbellsoupcompany.campbellsoupcompany.57
Add: Restructuring related costs (1)
0.malted alimentaria
LOUIS, Ralcorp Holdings, Inc. Soup profit margins, our recently announced price
increase,
effective at the end of February, will help to improve the
profitability of U.
Operating earnings
increased 8 percent to $70 million, primarily due
to the favorable impact of currency. Last year
's operating earnings included a gain of $4 million
from an insurance settlement to cover the loss
of two Godiva stores
destroyed during the events of September 11, 2001.57
============ ============
Weighted average shares outstanding
- assuming dilution 414 412
============ ============
CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions, except per
share amounts)
SIX MONTHS ENDED
--------------------------
January February
30, 2005
1, 2004
------------ ------------
Net sales
$ 4,314 $ 4,009
------------ ------------
Costs and expenses
Cost of products sold
2,566 2,320
Marketing and selling expenses 676
633
Administrative expenses 258 259
Research and development
expenses 44 42
Other expenses -
12
------------ ------------
Total costs
and expenses 3,544 3,266
------------ ------------
Earnings before interest and taxes 770
743
Interest, net 89 85
------------ ------------
Earnings before taxes
681 658
Taxes on earnings 216
212
------------ ------------
Net earnings
$ 465 $ 446
============ ============
Per share - basic
Net earnings
$ 1.57 $ .13 $ 1.05
Deduct: Gain on litigation settlement (2) (0. The DVD
is priced at
$29. Pepperidge Farm was founded in Connecticut in 1937 by
Margaret Rudkin, an entrepreneurial
homemaker who began baking fresh,
all-natural bread for her allergy-afflicted son.delicias alimentaria
Ralston Foods
has a small presence in salty snacks
through its private label snack mix products. Medallion's current
management has an outstanding record of growing
their business and will remain with Ralcorp.K.
-- Away From Home sales grew significantly due to the strong
performance of refrigerated soups
.S.com
CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF
EARNINGS (unaudited)
(millions, except per share amounts)
THREE MONTHS ENDED
--------------------------
January February
30, 2005 1, 2004
------------ ------------
Net sales $
2,223 $ 2,100
------------ ------------
Costs and expenses
Cost of products sold 1,321 1,212
Marketing and selling expenses 362 340
Administrative expenses
129 136
Research and development expenses 24
21
Other (income) / expenses (2) 2
------------ ------------
Total costs and expenses
1,834 1,711
------------ ----
--------
Earnings before interest and taxes 389 389
Interest, net
45 42
------------ ------------
Earnings before taxes 344 347
Taxes on earnings 109 112
------------ ------------
Net earnings $
235 $ 235
============ ============
Per share - basic
Net earnings $ .13 $ 1.58
================
(1) The costs relate to the worldwide
cost savings initiatives and
Australian distribution and logistics realignment announced on
June 24, 2004.tarts brookvale
Medallion had net sales of $42. Our
continuing investment in product quality,
new products and packaging,
improved marketing, and retail execution is driving this performance
. "Campbell's" condensed
cooking and eating soups continue to benefit from the
installation of
gravity-feed shelving systems, which are now
in more than 11,000 stores.
Performance of the convenience
soup platform in the quarter
was flat compared with a year earlier, with sales gains in
ready
-to-serve microwaveable bowls offset by a decline in
"Campbell's Soup at Hand" sippable soup sales
.
-- Increased marketing for three new varieties of "Pepperidge
Farm" premium pot pies drove
outstanding sales growth in the
frozen segment.
Other
The balance of the portfolio
includes the Godiva Chocolatier
business worldwide and the Away From Home business in the U. A recording
of the call will be
available approximately two hours after it is completed through
midnight February
25, 2005 at 1-866-393-0852 or 1-203-369-0428.
Reporting Segments
Beginning in fiscal year
2005, Campbell Soup Company earnings
results are reported for the following segments:
U.
The sweepstakes Grand Prize winner will also receive six Rachael Ray
cookbooks and $250 worth
of Pepperidge Farm products.
Pepperidge Farm was acquired by Campbell Soup Company in 1961.malted baked
Ralcorp
Holdings Inc. Announces Agreement to Purchase Medallion Foods Inc.
are not satisfied.
Business
Editors/Food/Beverage Writers
CAMDEN, N.S. Operating earnings increased 11 percent to $94 million
,
consistent with strong sales growth. Eastern Standard Time.57 0%
======== ========
CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except
per share amounts)
SIX MONTHS ENDED
-----------------
January February Percent
Sales 30, 2005 1, 2004 Change
----- -------- -------- -------
Contributions:
U
. While in New York, the winners will attend a taping of
celebrity chef Rachael Ray's "30 Minute
Meals" airing on the Food Network, and
receive other prizes.98.
CONTACTS
Universal Studios Home Entertainment
Vivian Mayer
Senior Vice President, Publicity
(818) 777-3594
Michelle Oakes-Slavich
Director of Publicity
(818) 777
-5344
Geri Allen
Manager, Corporate Communications
Pepperidge Farm
(203) 846-7351
pastries unbaked
, the leading mountain resort operator in the United States.
Condensed cooking soup sales grew behind strong
holiday promotion performance and the introduction
of three
new Southwestern-style cooking soups.
Baking and Snacking
Sales for Baking
and Snacking were $433 million, a 9 percent
increase compared with a year ago.S. The passcode is
"Campbell Soup" and the
conference leader is Len Griehs.
Forward-Looking Statements
This
release contains "forward-looking statements" which reflect
the company's current expectations about
its future plans and
performance, including statements concerning the impact of marketing
investments
and strategies, new product introductions, cost-saving
initiatives and quality improvement on sales
, earnings and margins.S.S. Soup, Sauces and
Beverages $ 1,950
$ 1,850 5%
Baking and Snacking 882 813 8%
International
Soup and Sauces 918 843 9%
Other
564 503 12%
-------- --------
Total
sales $ 4,314 $ 4,009 8%
======== ========
Earnings
--------
Contributions:
U. The items include
the following:
-- Earnings per share (EPS), excluding restructuring related
costs and one
-time items
The table below reconciles earnings per share, presented in
accordance with GAAP
, to earnings per share excluding restructuring
related costs and other one-time items., Universal
Studios Home
Entertainment and Pepperidge Farm are joining forces to promote the April 19,
2005
DVD release of the blockbuster comedy "Meet the Fockers," it was
announced today by Ken Graffeo,
Executive Vice President of Marketing at
Universal Studios Home Entertainment, and Pat Callaghan
, Senior Vice
President, Meals and Accompaniments of Pepperidge Farm.batter croissant
8 million for the
year ended
December 31, 2004.
As a result of the transaction, Medallion will become a wholly owned
subsidiary
of Ralcorp and will operate as a part of the Ralston Foods cereal
and snack business.S. A breakdown
of the change in sales follows:
-- Volume and mix added 3 percent
-- Increased promotional
spending subtracted 2 percent
Soup sales for the quarter declined 1 percent, with condensed soup
sales up 4 percent, ready-to-serve soup sales down 9 percent, and
broth sales up 15 percent.
A breakdown of the change in sales follows:
-- Volume and mix added 5 percent
--
Price and sales allowances added 4 percent
-- Increased promotional spending subtracted 1 percent
-- Currency added 1 percent
Further details of sales results include the following:
-- Pepperidge Farm experienced strong sales across all three of
its business segments: bakery
, cookies and crackers, and
frozen.com
Conference Call
The company will host a conference
call to discuss these results
on February 18 at 10:00 a.14 $ 1.
* Freezer clings and
point-of-sale corrugate lug-ons in top grocers
nationwide that will highlight the DVD's release
date.98 SRP; the VHS is $23.phyllo pancakes
Ralcorp's diversified product mix includes: ready-to-eat
and hot cereals;
crackers and cookies; snack nuts; chocolate candy; salad
dressings; mayonnaise; peanut butter; jams
and jellies; syrups; sauces; frozen
griddle products including pancakes, waffles and French toast;
frozen
biscuits; and other frozen pre-baked products such as breads and muffins.
-- Sales
of fresh bread and bakery products were up double
digits.315
============ ============
Weighted average shares outstanding - basic 409
411
============ ============
Per
share - assuming dilution
Net earnings $ 1.
The company
believes that earnings per share excluding certain
restructuring related costs and certain other
transactions not
considered to be part of the ongoing business are a better indicator
of the true
performance of the business.meetthefockers.universalstudios.dough pastries
In
addition, Ralcorp holds an interest
of approximately 21 percent in Vail
Resorts, Inc.13, up 5 percent versus $1. In January, "Campbell
's Chunky" chili introduced
two varieties in microwaveable bowls. Operating earnings increased 11
percent to $93 million,
driven by pricing and higher volume, partially offset by higher
materials
costs. participants
may access the call at 1-877-601-3546 and non-U. Soup, Sauces and Beverages,
which includes the following
retail businesses: "Campbell's" brand condensed and ready-to-serve
soups
, "Swanson" broth and canned poultry businesses, "Prego" pasta
sauce, "Pace" Mexican sauce, "Campbell
's Chunky" chili, "Campbell's"
canned pasta, gravies and beans, "Campbell's Supper Bakes" meal kits
,
"V8" vegetable juices, "V8 Splash" juice beverages, and "Campbell's"
tomato juice. retail, "Arnott
's" biscuits in Australia and Asia Pacific, and
"Arnott's" salty snacks in Australia.02)
Gain
on sale of property (3) (0.
The promotion will feature a Pepperidge Farm
sweepstakes, offering
consumers a chance to entertain their families with a three-day trip for six
to New York City.com.lactose tarts
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