Campbell Soup (NYSE:CPB) is down 8.58% after the company’s FQ4 earnings report underwhelmed investors.
On the post-earnings call, Campbell execs detailed some of the supply chain issues the company is facing, particularly with the snacks business.
“Share results were mixed in certain categories as we navigated some previously discussed supply challenges to keep up with demand. We expect to continue navigating this situation through the first quarter of fiscal 2021, but also see opportunity for further inventory replenishment throughout the first half as retailers are working hard to ensure shelves and inventories are fully replenished.”
The tone from management was confident that the issues could be worked out in front of the critical soup season, but investors may have their doubts based on today’s share price action.
Campbell Soup earnings call transcript
Earlier: Campbell Soup tops FQ4 estimates, sees FQ1 sales stronger than forecast
