Company works toward stable top line and modernized supply chain.

Updates its full-year fiscal 2025 net sales guidance.

Deal adds private label savory snacks maker to investment firm’s food portfolio.

SNAP households spend 26% more per buyer on CPG food and beverages than non-SNAP households, Circana finds.

Strategy focuses on more aggressive promotion, innovation and distribution.
 

Product innovation paramount to growth for both brands, CEO says.

Company expects to emerge from process during the first quarter of 2025.
 

Will invest $150 million in upgrades.

Acquisitions, namely in pet food, hoist bottom and top lines.

Campbell Soup is selling the business that it acquired when it bought Sovos Brands.