Campbell's Thanksgiving Performance Changed in An Important Way for the Food Maker and the Economy
Thanksgiving is a holiday that most notably involves food -- lots and lots of it. And that makes it a very important day for Campbell Soup (NYSE: CPB) because of the types of products the food maker sells.
However, there was a notable shift in the way customers bought their ingredients over the latest holiday weekend in 2023, and it could have some implications for 2024. Here's why you should be a bit worried.
Campbell Soup, despite the use of "soup" in its name, has a fairly diverse product lineup. The food maker produces products under its own name, Prego, Swanson, V8, Kettle, Lance, Pace, Snider, and Pepperidge Farm, among others. So it offers soups to snacks and a lot in between. However, some of the company's core products are vital ingredients for cooking larger meals.
Source Fool.com
