CHICAGO—Campbell Soup Co. has seen no impact on its emerging markets businesses in a slowing global economy, said CFO Craig Owens during a Dec. 9 webcast with financial analysts.
Campbell began selling soup in Russia and China in Fall 2007, trying to tap into those large markets where homemade soup is an ingrained part of the culture. The global economic slowdown has raised questions about how well some U.S. consumer products might do in emerging markets.
Because the businesses are new, they are small enough that the company can be "nimble" in reacting to market changes. "We haven't seen a significant slowdown in our very small businesses to date," Owens said.
