The Business of Food

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Campbell's Soup says rising inflation impacted third-quarter profits

Campbell's Soup, known for its soups, pasta sauces and snacks from brands like Pepperidge Farms and Prego, saw increased demand during the early days of the pandemic, however, sales of snacks fell 8% in the third quarter while sales of its soups and jarred pasta sauces dropped 14%, Campbell’s reported for its third-quarter earnings.