CAMDEN, N.J. (AP) - Campbell Soup Co. said Tuesday its fiscal first-quarter net income fell 5 percent as price increases were not enough to offset lower volume in its soup and beverage businesses.
Still, profit was better than expected. Campbell said it is working to stabilize its U.S. soup business.
The company raised prices because of rising costs and cut marketing spending in an effort to shield profit from expected volume declines.
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