Surprise: 42% of Campbell's Profits Come From Something That Has Nothing to Do With Soup
CPBCampbell Soup(CPB) The Motley Fool·2024-01-07 18:35

In 1869, a commercial canner named Abraham Anderson joined forces with a vegetable vendor named Joseph Campbell. In no time, the duo had a hit product: canned beefsteak tomato soup. In 1922, the company couldn't deny the importance of soup to its business any longer, and officially renamed itself the Campbell Soup Company (CPB 0.32%).For Campbell, soup is its middle name -- literally! Its importance to the company can't be denied. However, today, 42% of its profits come from a food business it got into a lo ...