Campbell Reports Rise In Earnings But Fall In Sales

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US-based Campbell Soup Company has reported better earnings than expected and an improvement in its gross margin for its fiscal third quarter ending May 3. Campbell reported net earnings of US$174mn for the period and, after excluding for items that impact comparability, the company's earnings per share increased by 12% to reach US$0.48. Meanwhile, gross margin reached 40.6%, compared to 38.6% in the same period a year ago. However, total sales for the period declined by 10% to