SALES DOWN, PROFIT UP: The Campbell Soup Co. said Friday that its adjusted fourth-quarter profit was up 7 percent, even though its sales were down 1 percent.
LOWER SALES OUTLOOK: The company said its sales growth for fiscal 2011 is expected to be in the 2 percent to 3 percent range, down slightly from its long term outlook. But it still expects profit growth of 5 percent to 7 percent per share.
PICKY CONSUMERS: The company says that as the nation's economic slump continues, consumers are looking for bargains. As a result, the company expects to increase sales in coming months by selling more of its products, not by raising prices.
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