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LNCE - Snyder's-Lance Inc News Story

$49.98 0.0  0.0%

Last Trade - 23/03/18

Sector
Consumer Defensives
Size
Micro Cap
Market Cap £n/a
Enterprise Value £n/a
Revenue £1.68bn
Position in Universe th / 7329

Campbell Soup shares could be a bargain after decline -Barron's

Sun 11th March, 2018 10:38pm
March 11 (Reuters) - Campbell Soup Co  CPB.N  faces
challenges but with its shares the cheapest they have been in
years, the stock may be a bargain, Barron's said in an article
on Sunday.
    Campbell faces a grocery war. Walmart Inc  WMT.N ,
Amazon.com Inc  AMZN.O , dollar stores like Dollar General Corp
 DG.N  and drugstores like CVS Health Corp  CVS.N  are vying to
take share from traditional grocers, according to the article.
    A recent squabble with Walmart over soup promotions cut into
Campbell's sales, but Barron's said the grocery war was also a
sales opportunity since Campbell plans to expand distribution
through dollar stores and drugstores.
    Campbell is expected to grow revenue by a fraction of 1
percent in its fiscal year through July, while increasing
earnings per share by 2 percent, Barron's said.
    With shares trading below $42 earlier this month, their
lowest since 2014, Barron's noted, "The discount on shares may
be too large to ignore." Campbell shares closed at $43.61 on
Friday.    

 (Reporting by Scott DiSavino; Editing by Cynthia Osterman)
 ((scott.disavino@thomsonreuters.com; +1 646 223-6072; Reuters
Messaging: scott.disavino.thomsonreuters.com@reuters.net))
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