date:Feb 20, 2013
cost inflation, the company reports. Similarly, operating earnings in the first half increased to $67 million from $64 million, primarily driven by lower advertising and consumer promotion expenses and productivity initiatives and partly offset by volume declines and cost inflation.
Despite weakness in our U.S. beverages and North America Foodservice businesses, our first-half business results were positive, said Denise Morrison, Campbells president and chief executive officer, in a statement.