Campbell Soup Co. said higher costs and a dispute with a major customer hurt results and extended a yearslong sales slide as the company struggles to diversify beyond canned soup. Shares fell 8% in premarket trading as the food maker said one key customer had a “different promotional approach,” a dispute that cut into revenue. The Wall Street Journal reported in August that Wal-Mart Stores Inc. and Campbell had disagreed on promotional pricing and shelf space for canned soup. Wal-Mart accounts for about 20% of Campbell’s...

Source: Wall Street Journal November 21, 2017 13:41 UTC