Campbell's Sees Inflationary Pressures from Middle East Conflict -- Market Talk
Dow Jones
Jun 09
1254 ET - Campbell's expects the Middle East conflict to drive up logistics costs, hurting its bottom line. However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
June 08, 2026 12:54 ET (16:54 GMT)
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