'I think the behaviors that were built in the last several months have the real potential to continue to provide a catalyst for improved results,' CEO Mark Clouse said in a 'Mad Money' interview.
Campbell's saw sales spike more than 50% during the worst of the coronavirus pandemic and sales across the board, including in its Pepperidge Farms and Snyder's of Hanover categories, have remained elevated in June, according to IRI data.
Campbell saw demand for its various food and snacking products as millions of people across the U.S. were ordered to stay home in efforts to slow the spread of Covid-19, the disease caused by the coronavirus outbreak. As other businesses cut down on ad spending due to the economic downturn, Campbell instead pumped money into marketing as restaurant operations were either shut down or limited and people frequented grocery stores more than usual.
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Crate & Barrel bread makers sales soared amid pandemic, CEO says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
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GE's CEO of aviation business to retire after 12 years in the roleGeneral Electric Co. said Monday that David Joyce, chief executive officer of GE Aviation, will retire, after 12 years in the role and 40 years at the company. The industrial conglomerate said it named John Slattery, CEO of Embraer S.A.'s commercial aviation business, will be CEO of GE Aviation, effective July 13. GE's stock dropped 3.6% in premarket trading. The stock slumped 8.0% last week to snap a 3-week win streak in which the stock rallied 43.5%. In comparison, the Dow Jones Industrial Average fell 5.6% last week, after running up 14.5% the previous 3 weeks.
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Audrey Gelman Resigns as CEO of The WingEmployees at the women’s co-working space say it's 'not enough,' and are staging a walk-out.
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Fortune 500 loses another woman CEO: Lockheed Martin's Marillyn HewsonThe number of women running Fortune 500 companies has never been large. And now it's gotten even smaller.
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Every CEO And Leader That Stepped Down Since Black Lives Matter Protests BeganWhether they were asked to resign by their staff or stepped down of their own volition, these workplace leaders ceded power amid an energized global movement for equality.
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Avis Budget Group elevates interim CEO Joe Ferraro to the role permanently with immediate effectAvis Budget Group Inc. said Monday it has made interim Chief Executive Joe Ferraro its permanent CEO with immediate effect. Ferraro has been leading the company since the start of the year, coming to the role from his position as president of the Americas, where he spent five years managing the company's Avis, Budget, Payless and Zipcar brandfs in North and South America. The company also named independent chairman Bernardo Hees as executive chairman, where he will focus on strategy, finance and digital mobility initiatives in cooperation with Ferraro and the rest of the management team. Shares were down 8% premarket with futures indicating losses at the opening. The stock has lost 18% in the year to date, while the S&P 500 has fallen 6%.
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