Campbell Soup said Wednesday that its fiscal third-quarter soup sales soared 35%.
And even as the states reopen their economies and warmer summer weather starts to hit the country, CEO Mark Clouse expects elevated demand for its products to continue.
"Even if consumption is a bit down, I would expect shipments to outrun that as we replenish inventory levels in our retailers," he said on CNBC's "Consumers stocked up on Campbell's canned soups and other goods during the early phase of the pandemic lockdown. Then, as they shifted into looking for cheap and easy meals, they repeated their purchases of Campbell's products, according to Clouse.
The pandemic has reversed those consumption trends, reviving sales for products that had fallen out of favor, like
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