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Campbell’s sales fall on cost cuts & repositioning, but Arnott’s performs

The Campbell Soup Company has posted a sales fall of 4% to US$1.9 billion, primarily due to negative currency impact, while on an organic basis, sales decreased 1% on lower volume, partly offset by lower promotional spending and higher selling prices. Satisfactory results were seen in the Arnott’s business in Australia and Indonesia. Denise Morrison, Campbell’s

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