Campbell Soup says 4Q profit, sales rise

September 11, 2008 7:15:21 AM PDT
The Campbell Soup Company says its profit rose 46 percent from a year ago, as it raised prices and got a lift from an extra week in the latest reporting period.The Camden, New Jersey-based food company said Thursday it earned $89 million, or 24 cents per share, in the three months ended Aug. 3. That's up from a profit of $61 million, or 16 cents a share, a year ago.

Campbell says its sales rose 13 percent to $1.72 billion.

The company says it was aided by an extra week in the quarter and by charging consumers higher prices.