Monday, November 23, 2009
If Campbell's Costs Go Down, Why Soup Prices Going Up?
Earlier today, the Campbell Soup Company reported quarterly profits at higher-than-expected levels. They cite two reasons for this unexpected boom to their bottom line - the cost of raw ingredients has gone down and the prices their customers pay for their finished products has gone up. I ask, why, if Campbell's raw costs go down, why are our soup prices going up?
Oh, yeah. It's that bulging bottom line. Silly me.
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