Campbell Soup Co. plans to focus on its core snacks and soup business in North America and sell its international business, paying down debt.
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The Camden, New Jersey, company said Thursday it's working urgently to complete all the moves by next July.
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The planned sales will leave Campbell Soup with brands including Goldfish, Pepperidge Farm and Snyder's of Hanover.
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Separately Campbell Soup posted fiscal fourth-quarter net income of 31 cents per share, or 25 cents per share on an adjusted basis, beating the average Street estimate by a penny. Sales of $2.22 billion fell short.
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In premarket trading, shares of the company rose 1 cent to $40. Shares are down nearly 17 percent in the year to date.
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