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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (54117)	2/17/2006 3:49:44 PM
From: westpacific	Respond to of 110194

Soon - the take it off our books sales as in BK Foreclosure. Remember those...... West

To: mishedlo who wrote (54117)	2/17/2006 8:26:38 PM
From: shades	Respond to of 110194

DJ Campbell Soup: Raising Prices For U.S. Soups, Sauces>CPB . By Mary Ellen Lloyd Of DOW JONES NEWSWIRES Campbell Soup Co. (CPB) said it will raise prices for its biggest division, U.S. soups, sauces and beverages, on Feb. 27 as it tries to stay up with or ahead of cost inflation. During a conference call, executives said prices for about 40% of the division's stock-keeping units, or SKUs, will increase 2.3% on a weighted average basis. Increases will affect condensed soups but not Campbell's Select ready-to-serve or Campbell's Chunky, and they represent a renewed emphasis on taking more frequent but smaller increases to pace inflation, the compamy's executives said. The Camden, N.J., company, which makes its namesake soup, Pepperidge Farm cookies and bread, and Godiva chocolates, continues to see cost inflation of about 4% to 5% on an annual basis, executives said. Earlier Friday, Campbell Soup said strength in its U.S. soup business helped second-quarter net income increase 8% to $254 million, or 61 cents a share, from $235 million, or 57 cents a share, last year. Analysts, on average, expected second-quarter earnings of 59 cents a share, according to Thomson First Call. U.S. Soups, sauces and beverages represented about 44% of the company's $2.28 billion sales in the second quarter Campbell Soup continues to expect fiscal 2006 earnings per share to grow by 5% to 7% from adjusted 2005 earnings of $1.64. The average Wall Street forecast is $1.75 a share, based on a poll of analysts by Thomson First Call. -By Mary Ellen Lloyd, Dow Jones Newswires, 704-371-4033; maryellen.lloyd@dowjones.com (END) Dow Jones Newswires February 17, 2006 11:22 ET (16:22 GMT)