The group's sales volume is
about NIS 1
.
-- "V8" vegetable juice sales increased in the quarter, while
sales of "V8 Splash" beverages
declined due to continued
competitive pressures. Top performers included
"Pepperidge Farm" whole
grain breads, as well as its lines of
improved bagels and English muffins.1575
============ ============
Weighted average shares outstanding
- basic 409 411
============ ============
Per share - assuming dilution
Net earnings $ . Soup
, Sauces and
Beverages $ 627 $ 637 -2%
Baking and
Snacking 421 389 8%
International Soup and Sauces
435 412 6%
Other 253 229
10%
--------- --------
Total sales
$ 1,736 $ 1,667 4%
=========
========
Earnings
--------
Contributions:
U.
Fiscal Year Ended
-------------
----
August
1, 2004
-----------------
As
reported earnings per share $ 1.
porridge stewpot
il solutions and Retalix
self service scale
solutions are installed., with North American headquarters in Dallas, TX,
provides integrated enterprise
-wide software solutions for the global
food and fuel retail industries, including supermarkets, convenience
stores, fuel stations and restaurants. We expect a solid fourth quarter as the impact of the
price
increase on volume moderates.
-- Arnott's sales rose, as the business benefited from strong
customer programs and new product launches.S.
International Soup and Sauces includes the soup
, sauce and
beverage businesses outside of the United States, including Canada,
Europe, Mexico
, Latin America, and the Asia Pacific region.S.49 $ 1. Soup, Sauces and
Beverages
$ 2,577 $ 2,487 4%
Baking and Snacking 1
,303 1,202 8%
International Soup and Sauces 1,353 1,255 8%
Other 817 732 12%
-------- --------
Total sales $ 6,050 $ 5,676
7%
======== ========
Earnings
------
--
Contributions:
U.02)
Gain on sale of property (3) (0.anecdotal porridge
Last
year's results included a $.
Net sales were $6."
The company confirmed its fiscal 2005 guidance
for earnings per
share to increase between 5 and 7 percent from the adjusted fiscal
year 2004
base of $1. Sales of "Campbell's" condensed
cooking and eating soups continue to benefit from the
installation of gravity-feed shelving systems, which are now
in more than 13,000 stores.
For
the first nine months of fiscal 2005, sales increased 12
percent to $817 million. 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
.satirizing grandparent
il product operating the main
checkout line, the StorePoint solution, operating the restaurant
points
of sale, and new self-service scales, with advanced analysis
and graphics capabilities. All of the
branches,
including the new flagship branch, are connected to the Retalix HOST
system at the chain
center, which offers sophisticated centralized
store management. This capability
underlines the
flexibility and depth of our products, and our ability
to support the ever-changing needs of food
retailers and food service
operators in Israel and world-wide. For more information, please visit
the Company's web
site at www.
For the first nine months of fiscal 2005, the company also
reported
strong cash flow from operations of $772 million compared
with $576 million in the year-ago period
. Operating earnings decreased 1 percent to
$643 million, as the benefit of higher sales volume and
productivity
gains were more than offset by higher energy related costs and
increased trade promotion
and advertising. Eastern Standard Time.quartermaster smorgasbord
I
am positive that Tiv Ta'am will benefit from the Retalix
capabilities
to integrate multiple concepts and solutions. Such forward-looking
statements involve
known and unknown risks, uncertainties and other
factors which may cause the actual results, performance
or
achievements of the Company, including revenues, income and expenses,
to be materially different
from any future results, performance or
achievements expressed or implied by such forward-looking
statements.34 in the year-ago
quarter.1 billion for the first nine months of fiscal
2005, an increase
of 7 percent compared with the year-ago period,
reflecting the following factors:
-- Volume
and mix added 5 percent
-- Price and sales allowances added 1 percent
-- Increased promotional
spending subtracted 1 percent
-- Currency added 2 percent
Douglas R.
Sales grew 10
percent to $253 million compared with the same
period a year ago. These forward-looking statements
rely on a number of
assumptions and estimates which could be inaccurate and which are
subject
to risks and uncertainties.
Baking and Snacking includes the following businesses: "Pepperidge
Farm
" cookies, crackers, breads and frozen products in U.burgoo unbearable
The Retalix solution provides support and
control
of all of the varied sales processes of the different formats
in the stores, as well as chain-wide
control and management
capabilities. With installations in more than 33,000 stores and
across
44 countries, the Company markets its software solutions
through direct sales, distributors, local
dealers and its various
subsidiaries. The change in sales
reflects the following factors:
-- Volume and mix subtracted 6 percent
-- Price and sales allowances added 2 percent
-- Decreased promotional spending added 2 percent
Operating earnings of $152 million were
up 8 percent compared with
the year-ago quarter, due to higher selling prices, lower marketing
spending
, and productivity savings, which were partially offset by
volume declines and higher energy related
costs.
-- "Campbell's" condensed cooking soups experienced a decline in
sales compared to
the quarter a year ago, due to a shift in
marketing spending from the Easter holiday to the higher
potential winter holiday season.S. participants at
1-517-308-9003.35 $ .S.58
=================
(1) The costs relate to the worldwide
cost savings initiatives and
Australian distribution and logistics realignment announced on
June 24, 2004.quartermaster porridge
Business Editors
RA'ANANA, Israel----Retalix
(NASDAQ:RTLX) announced
today that the Israeli Tiv Ta'am chain has
installed a multi-concept Retalix software solution, the
first of its
kind in Israel, in its new flagship branch in Rishon Letzion. The increase was driven
by
improved working capital performance, lower cash settlements related
to foreign currency hedging
transactions and higher earnings.02 per share, after-tax gain
from the settlement of the class action
lawsuit.
Summary of Fiscal 2005 Third Quarter and Nine Month Results by
Segment U. The convenience
platform,
which includes "Campbell's Soup at Hand" sippable soups and
microwaveable bowls of
"Campbell's Chunky" and "Campbell's
Select," achieved strong sales in the quarter.
A breakdown
of the change in sales follows:
-- Volume and mix added 4 percent
-- Price and sales
allowances added 4 percent
-- Increased promotional spending subtracted 1 percent
--
Currency added 1 percent
Operating earnings increased 33 percent to $36 million compared
with
the year-ago quarter, driven by higher selling prices, sales
volume gains and productivity savings
, as well as lower expenses in
the Australian Snackfoods business, partially offset by higher
commodity
costs.
-- Away From Home sales grew significantly, led by continued
strong growth of refrigerated
soups for grocery store deli
departments.
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. U.35
============ ============
Dividends
$ .17 $ .57
Add: Restructuring related costs (1) 0.porridge stewpot
S. A recording
of the call will be
available approximately two hours after it is completed through
midnight May
27, 2005 at 1-866-459-3544 or 1-203-369-1333.34 3%
========= ========
CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL
SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except per share amounts)
NINE MONTHS ENDED
------------------
May 1, May 2
, Percent
Sales 2005 2004 Change
-----
-------- -------- -------
Contributions:
U.43 3%
======== ========
CAMPBELL SOUP
COMPANY CONSOLIDATED
BALANCE SHEETS (unaudited)
(millions)
May 1, May 2,
2005 2004
---------- ----------
Current assets $
1,419 $ 1,340
Plant assets, net 1,911 1,834
Intangible
assets, net 3,153 2,996
Other assets
330 273
----------
----------
Total assets $ 6,813 $ 6,443
========== ==========
Current liabilities
$ 1,900 $ 2,187
Long-term debt
2,541 2,543
Nonpension postretirement benefits 290 301
Other liabilities 714 536
Shareowners' equity
1,368 876
---------- ----------
Total liabilities and shareowners' equity $ 6,813 $ 6,443
========== ==========
Total debt
$ 2,988 $ 3,312
========== ==========
Cash and cash equivalents $ 32 $
28
========== ==========
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.anecdotal regrettable
35, compared
with $. Microwaveable bowls, which were introduced mid-year,
and a new Hold The Beans variety in
cans, have been
well-received. Operating earnings increased 16 percent to
$129 million, reflecting
higher sales. The passcode is "Campbell Soup" and the
conference leader is Len Griehs. Soup, Sauces
and Beverages 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
. and Canada.48 $ 1.culinaria satirizing
The Company undertakes no obligation to publicly release the
results of
any revisions to these forward-looking statements that may
be made to reflect events or circumstances
after the date hereof, or
to reflect the occurrence of unanticipated events.48 per share, versus
$588 million, or
$1. retail soup sales for the quarter were flat compared with a
year ago, with
condensed soup sales up 4 percent, ready-to-serve soup
sales down 6 percent, and broth sales up 7
percent.
-- In Canada, sales increased significantly, driven by volume
gains in ready-to
-serve soup and "V8" beverages, as well as
the favorable impact of currency. Operating earnings increased
11 percent to
$121 million.S.campbellsoupcompany.43
============ ============
Weighted average shares outstanding
- assuming dilution
414 412
============
============
CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL
SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except per share amounts)
THREE MONTHS ENDED
------------------
May 1, May
2, Percent
Sales 2005 2004 Change
-----
--------- -------- -------
Contributions:
U. Soup, Sauces and
Beverages $ 152 $ 141 8%
Baking and Snacking
36 27 33%
International Soup and Sauces
59 57 4%
Other 27 24 13%
--------- --------
Total operating earnings
274 249 10%
Unallocated corporate expenses (15) (6
)
--------- --------
Earnings before interest and
taxes 259 243 7%
Interest, net
(45) (40)
Taxes on earnings (68)
(61)
--------- --------
Net earnings
$ 146 $ 142 3%
=========
========
Net earnings per share -
assuming dilution $ .quartermaster wheats
The Company
offers a full suite
of software applications that support a food retailer's essential
retailing
operations and enable retailers to increase their operating
efficiencies while improving customer
acquisition, retention and
profitability.
For the third quarter, net sales rose 4 percent to
$1. Conant, Campbell's President and Chief Executive
Officer, said, "Our company's third quarter results
continued our
strong year-to-date performance across multiple businesses.S. We are also looking forward
to
next year with new product introductions and a continued emphasis on
enhancing product quality
, convenience and availability.
Further details of sales results include the following:
--
Sales in Europe were up compared with a year ago, primarily
due to the favorable impact of currency
. Strong wet soup
growth of "Liebig" soups in France and "Erasco" soups in
Germany was offset by
lower sales in the United Kingdom. retail,
"Arnott's" biscuits in Australia and Asia Pacific, and
"Arnott's"
salty snacks in Australia.
Other includes the Godiva Chocolatier business worldwide
and the
Away From Home business in the U. Soup, Sauces and
Beverages
$ 643 $ 652 -1%
Baking and Snacking 129 111
16%
International Soup and Sauces 184 175 5%
Other
121 109 11%
-------- --------
Total operating earnings 1,077 1,047 3%
Unallocated
corporate expenses (48) (61)
---
----- --------
Earnings before interest and
taxes 1
,029 986 4%
Interest, net (134) (125)
Taxes on
earnings (284) (273)
-------- --------
Net earnings $ 611 $ 588 4%
======== ========
Net earnings per share
- assuming
dilution $ 1.cariadoc renfrow
"
About Tiv Taam
The Tiv Taam group was established
in the mid-1970s by Yehuda
Tribtich, operating from Tel Aviv's Carmel Market.Campbell Reports Third
Quarter Earnings Per Share of $.35; Net Sales Increase 4 Percent; Baking and Snacking Delivers Strong
Performance
In
our U. The company also said that capital
expenditures for the year are now
projected to be approximately $350
million, versus a previous forecast of $380 million, with a portion
of
the reduced spending shifting to fiscal 2006.S.S. For the nine months, sales of
cooking soups
were flat, which is a significant improvement
over historical trends. 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.concisely leite
Net earnings for the prior
year
period included the $10 million, or $.
"As planned, we have strengthened our margins, leveraging
the
pricing action and continuing our aggressive cost management.
-- "Pepperidge Farm" cookie
sales achieved double-digit growth in
the quarter, driven by Chocolate Chunk cookies, the
introduction
of a new line of sugar-free cookies, and four new
varieties of soft-baked cookies.
International
Soup and Sauces
Sales for International Soup and Sauces were $435 million, a 6
percent increase
compared with the third quarter of fiscal 2004.
Other
The balance of the portfolio includes
the Godiva Chocolatier
business worldwide and the Away From Home business in the U.m. Actual results
could vary
materially from those anticipated or expressed in any forward-looking
statement made
by the company.51 $ .
leite culinaria
Tzipi Avioz, VP Information Systems, Tiv Ta'am, said: "The
continued cooperation and forward looking work established with
Retalix, constitutes an additional
milestone in Tiv Ta'am's vision,
which focuses on innovation and the provision of a unique shopping
experience for the consumer.com
Safe Harbor for Forward-Looking Statements: Except for statements
of historical fact, the information presented herein constitutes
forward-looking statements within
the meaning of the Private
Securities Litigation Reform Act of 1995.
Such factors include risks
relating to the Company's anticipated
future financial performance, continued roll-outs with existing
customers, the market reception of its new e-marketplace and ASP
services, the potential benefits
to food and fuel retailers and
suppliers, expansion into new geographic markets, the conversion of
sales leads into customers and the ramp-up of ASP users, the
integration of the Company's acquisition
of OMI and other factors over
which Retalix may have little or no control.
For the first nine
months of fiscal 2005, sales increased 8
percent to $1,303 million.
For the first nine months
of fiscal 2005, sales increased 8
percent to $1,353 million. Operating earnings increased 5 percent
to
$184 million, due to the favorable impact of currency.S.
(2) The gain relates to the settlement
of a class-action lawsuit
involving ingredient suppliers.eggnog satirizing
At this site, Retalix provided for
an integrated
multi-concept solution with a unique configuration that has never been
installed
before in Israel, or anywhere else in the world. In December 1989,
upon the death of his father,
Kobi Tribtich took over the management
of the company.retalix.----Campbell Soup Company
(NYSE:CPB
) today reported diluted earnings per share for the third
quarter ended May 1, 2005 of $.7 billion
,
reflecting the following factors:
Price and sales allowances added 2 percent
Currency
added 2 percent
Volume and mix was flat
Net earnings for the third quarter of fiscal 2005
were $146
million compared with $142 million in the prior year. We have
significantly increased
cash flow from operations and strengthened our
balance sheet.S.campbellsoupcompany. For more information
on the company, visit Campbell's
website on the Internet at www.satirizing porridge
Tiv Ta'am Installs a Unique Multi
-Concept Software Solution from Retalix the First of Its Kind in Israel in Its New Flagship Store
In 1993, the group's industrial division was launched
with the a factory for processing and manufacturing
meat products
located in Rishon Letzion and later transferred to the Emek Hefer,
which is considered
the third largest in Israel and the biggest such
non-kosher facility.S.05
Deduct: Gain on litigation
settlement (2) (0.regrettable stewpot
Tiv Ta'am installed over 100 point of sale solutions at the
flagship
branch."
Avinoam Bloch, Executive VP, Chief Operating Officer-
International, said: "We are very
pleased about the successful
cooperation with the Tiv Ta'am chain, whose new flagship branch
presents
a shopping and dining experience that is unique in Israel.02 gain from Campbell's
share of a class
action settlement involving ingredient suppliers. For the first nine
months of fiscal 2005, total
U.
-- Sales of ready-to-serve soups declined in the quarter,
reflecting a shift in promotional
spending, increased
competitive activity, and the impact of the price increase
effective at the
end of February.
Additionally, during the year, the company introduced two
varieties of organic
broth into its existing aseptic line.
Further details include the following:
-- Godiva Chocolatier
same store sales in North America achieved
double-digit growth as stronger in-store merchandising
,
increased advertising and promotional activity and new product
introductions drove higher consumer
traffic. Participants should call at least five minutes prior
to the starting time.com and can be
accessed
by clicking on the "Webcast" banner.com
CAMPBELL SOUP COMPANY
CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions,
except per share amounts)
THREE MONTHS ENDED
--------------------------
May 1, May 2,
2005
2004
------------ ------------
Net
sales $ 1,736 $ 1,667
------------ ------------
Costs and expenses
Cost of products sold
1,035 995
Marketing and selling expenses 275
278
Administrative expenses 145 141
Research
and development expenses 24 23
Other income
(2) (13)
------------ -------
-----
Total costs and expenses 1,477 1,424
------------ ------------
Earnings before interest and taxes
259 243
Interest, net 45 40
------------ ------------
Earnings before taxes
214 203
Taxes on earnings
68 61
------------ ------------
Net
earnings $ 146 $ 142
============ ============
Per share - basic
Net earnings
$ .subsistence cariadoc
The
store, which opened at Beit Dagan junction on February 6, presents a
new
culinary/food-retail concept in Israel, spanning an area of 10,000
square meters, at a setup investment
of about NIS 40 million ($9.il
About Retalix Ltd.
Retalix Ltd.
For the first nine months
of fiscal 2005, the company reported net
earnings of $611 million, or $1.
-- "Campbell's
SpaghettiOs" pasta experienced significant sales
growth, continuing to benefit from effective branding
and
marketing integration with the "Campbell's" brand."
-- "Pepperidge Farm" frozen products
continued to experience
growth across pot pies, frozen breads, and frozen pastries.36 $
.43
============ ============
Dividends
$ .02)
-----------
------
Earnings per share, excluding restructuring
related costs and one-time items
$ 1.
(3) The gain relates to the sale of an idle facility in California.grandparent redaction
In
the
other Tiv-Ta'am stores, Retalix StoreLine.
The group imports thousands of products to Israel from
around the
world, including wines, cheeses, canned goods and candies.3 billion a year. This list
is intended to
identify only certain of the principal factors that could cause actual
results
to differ.
J. The prior year's
third quarter results included a $10 million after-tax
gain from the
settlement of the class action lawsuit.43 per share for the prior year. We are
very
pleased with the performance of Pepperidge Farm, Arnott's
biscuits, Godiva Chocolatier, and our Away
From Home soup business. Soup, Sauces and Beverages were $627 million, a 2
percent decrease compared
with a year ago.
U.
-- Sales of "Prego" pasta sauces and "Pace" Mexican sauces
declined
in the quarter due to a reduction in marketing
spending and increased competitive activity.
-- Sales of fresh bread and bakery products were up double digits
for the third consecutive quarter
.
A breakdown of the change in sales follows:
-- Volume and mix added 2 percent
--
Increased promotional spending subtracted 1 percent
-- Currency added 5 percent
Operating
earnings increased 4 percent to $59 million, due to the
favorable impact of currency.campbellsoupcompany
. participants may
access the call at 1-888-677-5720 and non-U. The call will also be broadcast live
over the Internet at www.eggnog leite
This
combined solution includes the StoreLine. Readers are referred
to the reports and documents
filed by Retalix with the Securities and Exchange Commission,
including
the Company's Annual Report on Form 20-F for the year ended
December 31, 2003, for a discussion of
these and other important risk
factors.58. "Campbell's" condensed eating soups
achieved solid
sales growth in part due to the combination of
successful merchandising and kids promotional marketing
programs, as well as increased advertising and pricing.
Baking and Snacking
Sales for
Baking and Snacking were $421 million, an 8 percent
increase compared with a year ago.
Reporting
Segments
Beginning in fiscal year 2005, Campbell Soup Company earnings
results are reported
for the following segments:
U.34
============ ============
Weighted average shares outstanding
- assuming dilution 414
413
============ ============
CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited
)
(millions, except per share amounts)
NINE MONTHS ENDED
---------------------
----
May 1, May 2,
2005 2004
---------
--- ------------
Net sales $ 6,050 $ 5,676
------------ ------------
Costs and expenses
Cost
of products sold 3,601 3,315
Marketing and selling expenses
951 911
Administrative expenses 403
400
Research and development expenses 68 65
Other income
(2) (1)
---
--------- ------------
Total costs and expenses 5,021 4,690
------------ ------------
Earnings before interest and
taxes 1,029 986
Interest, net 134
125
------------ ------------
Earnings before
taxes 895 861
Taxes on earnings
284 273
------------ ----------
--
Net earnings $ 611 $ 588
============ ============
Per share - basic
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.unbearable chaucer
tivtaam.co.
Business Editors
CAMDEN, N.
For the first nine months of fiscal 2005, sales increased 4
percent to $2,577
million.com
Conference Call
The company will host a conference call to discuss these results
on May 23 at 10:00 a.
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.4725
============ ============
Weighted average shares outstanding - basic 409 411
============ ============
Per share - assuming dilution
Net
earnings $ 1.48 $ 1.concisely porridge
In addition to the retail supermarket areas
, the complex
includes four restaurants, an active bar, a cafe, designer-style
display areas, and
focused product halls, specializing in coffees,
wines, spices, oils, pickles, sauces and more. The
group's industrial activity also includes the
"Off Tiv Taam," which manufactures and markets non
-kosher poultry, as
well as the Mizra brand. Please refer to the company's most
recent Form 10
-K and subsequent filings for a further discussion of
these risks and uncertainties. Founded in 1869
, the company has a portfolio
of more than 20 market-leading brands, and had over $7 billion in
sales
in 2004. Consequently, the company
believes that investors may be able to better understand earnings
if
these transactions are excluded from the results.unbearable eggnog
2
million). Retalix's integrated solution
provides an
advanced, user-friendly platform, and connectivity between the stores
and the chain
center. Tiv Taam's Web site: www.
-- "Swanson" broth sales increased driven by the growing practice
among consumers of substituting broth for water when cooking. 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.S.culinaria renfrow
All these onsite POS solutions are fully
integrated with the Retalix
back-office system at the store, which
enables real-time data processing and consolidation of all
data. However, we grew sales of condensed soup 4 percent in the
quarter and 6 percent for the first
nine months, the best performance
in many years. Soup, Sauces and Beverages
Sales for U. retail
soup sales increased 5
percent, with condensed sales up 6 percent, ready-to-serve sales up 2
percent
, and broth sales up 10 percent.
Further details of sales results include the following:
-
- Pepperidge Farm experienced strong sales growth in each of its
businesses: bakery, cookies and
crackers, and frozen.
-- Sales of "Pepperidge Farm Goldfish" snack crackers experienced
good
gains due to continued momentum of the base brand and the
favorable impact of new advertising featuring
the new animated
character, "Finn. and
Canada.
A breakdown of the change in sales follows:
-- Volume and mix added 5 percent
-- Price and sales allowances added 4 percent
-- Currency added 1 percent
Operating earnings of $27 million were up 13 percent versus the
prior year, driven by strong sales growth.35 $ .S.lothene concisely
The retail
division includes Tiv Taam Daily
, an urban chain, and the Tiv Taam
chain of 14 stores throughout Israel. Soup, Sauces and Beverages
segment, lower trade promotion
activity and the pricing action we took at the end of February, as
anticipated, impacted volume unfavorably, especially in ready-to-serve
soup.
Further details
of sales results for the quarter include the
following:
-- Sales of condensed eating soups
, which achieved double-digit
sales growth for the first nine months, delivered continued
strong
performance for the quarter, more than offsetting sales
declines of cooking soups.
Highlights
of this segment's other businesses include:
-- "Campbell's Chunky" chili continues to perform
well in the
marketplace following a successful introduction in the first
quarter.
-- In
Asia Pacific, sales rose, driven by higher sales of broth
and beverages, as well as the favorable
impact of currency.S.
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, pricing, new
product introductions,
cost-saving initiatives and quality improvement on sales, earnings and
margins
.chaucer concisely
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