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Campbell reports fourth-quarter and full-year results
By Shaun Weston
03 September 2010
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Business
Financial
Food
Fourth-quarter summary
Sales decreased 1% to $1.518bn
US beverage sales increased 12%
US soup sales decreased 5%.
Full-year summary
Sales increased 1% to $7.676bn
Significant improvement in gross margin percentage driven by increased productivity
Adjusted earnings before interest and taxes increased 7%
Generated more than $1bn in cash flow from operations net earnings for the quarter ended 1 August 2010 were $113m, or $0.33 per share, compared with $69m, or $0.20 per share, in the prior year. Excluding items impacting comparability, all related to fiscal 2009, adjusted net earnings increased 6% in the quarter from an adjusted $107m in the prior-year quarter. Adjusted net earnings per share increased 10% in the current quarter from $0.30 in the year-ago quarter.
Source: Campbell Soup Company
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