Grocery unit volume grew by highest level in four years.

Focus is shifting to fewer projects focused on bigger returns.

Adds $500 million to buyback program.

Retailer plans to open 800 stores during the next five years.
 

Company will drop “Soup” from its name.
 
 
 

Marketing campaign touts underperforming brand’s nutritional benefits and product variety.

Acquisitions, namely in pet food, hoist bottom and top lines.

Foodservice business soft in fourth quarter.

Shoppers gravitate to store perimeter; branded promotions slow private label.

Campbell Soup is selling the business that it acquired when it bought Sovos Brands.