In fact, Campbell did not change its year 2000 EPS guidance. It expects the inventory issue to clear by the end of the fiscal year. Inventory tweaking isn't all that keeps the company busy, however. Campbell is at it again. Yes, again .
Specifics are due from management later.
Once merged, Campbell can focus its entire major unit on growing key condensed soup sales. Mister F. Martin Thrasher, the gentleman responsible for boosting sales in Canada as senior VP for Campbell's Canadian and European business, will take over the newly combined North American unit. Unfortunately, Mister Mark Leckie resigned as vice president and president of Campbell's U.S. Grocery unit with the announced reconfiguration. He was seen as an innovative executive. Perhaps visions for the company clashed behind the scenes in boardrooms.