Retail

Campbell Soup CEO says June pantry sales are unusually high

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Consumers continue to stock up on pantry products, despite the fact that the states are focused on reopening their economies, Campbell Soup CEO Mark Clouse told CNBC’s Jim Cramer Monday.

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.

“If you go deeper down that list, you’re going to see some soup numbers that are right around 20% and that is the first week of June, traditionally, perhaps, not the time where you’re seeing that kind of growth,” Clouse said in a “Mad Money.”

“I think the reality is that,…



Source cnbc.com

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