Campbell Soup Company's (NYSE: CPB)fiscal third-quarter 2018 earnings, released on May 18, revealed a precipitous drop in gross margin, from 35.9% one year ago to 29.1% last quarter. This unexpected breakdown in profitability likely is one of the chief factors behind the abrupt retirement of CEO Denise Morrison on the day of the earnings announcement.
Campbell Soup Needs More Than a Management Change
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