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Campbell earnings slide as consumers bypass cans for fresh food

Campbell earnings slide as consumers bypass cans for fresh food

Soup is good food. But it might not be a good investment.

Campbell Soup Co. shares plunged Tuesday after the company cautioned that its annual profit will be less than it previously forecast.

The company said its quarterly profit fell 30% amid declining sales of its canned soups and V8 beverages. It also was hit by a recall involving its recently acquired Plum Organics.

Photos: Top 10 Southern California companies

Campbell Soup, of Camden, N.J., has been trying to remake itself as supermarket consumers bypass canned goods for fresh...

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