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Campbell Soup reported a drop in quarterly profit and cut its outlook as increased promotional efforts failed to boost soup sales.
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Nestlé's net profit more than tripled in 2010, as the world's largest food company successfully navigated the triple pressure of a strong Swiss franc, surging commodity costs and sluggish growth in the U.S. and Europe.
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Investors aren't enamored with Nestlé's outlook despite its near-flawless 2010 performance. Indeed, Danone could be a more exciting growth stock in the food sector.
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J.M. Smucker's profit fell 2.6% on restructuring charges, but sales got a boost from higher prices, especially in the company's coffee business, which could be in for more price increases if unroasted bean costs don't recede.
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Dr Pepper Snapple earnings were crimped by special charges but sales volume increased and beverage prices were higher.
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