There was no reason to expect that Campbell Soup (NYSE:CPB) was going to fix all that ailed it especially quickly. There is next to nothing to be done about input costs, and likewise little that can be done about weak consumer spending. Product development and innovation are going to take time to bear any fruit, and investors simply have to settle in and accept that this is a company that won't be going anywhere fast for a while yet.
Fourth Quarter Results Really Not So Strong
While Campbell stock may well see a bit of a relief rally since the company did surpass the results preannounced at its analyst day, the full context of the numbers is not so great. Revenue rose 6%, and that did beat analyst expectations, but organic growth was just 1%, and volume was down 2%.
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