Camden, NJ—The New York Times reported yesterday that Campbell Soup will become the first major food company to disclose genetically modified organisms (GMO) in its products. Other than its soups, the company is also the maker of brands such as Pepperidge Farms, Prego, Plum Organics and V8. The labeling changes are expected to take 12–18 months.
Whole Foods Market (WFM) announced its 4Q15 and 2015 fiscal earnings on November 4, 2015 (year end September 27). According to a report by Market Realist, WFM had $15.3 billion in sales for the whole year, an 8.4% rise. However, at the end of this last quarter, they took a 56% hit in net profit, earning $56 million, compared to $128 million this quarter last year. The hit in net profit was due in part to increased operating expenses which grew 3% since 4Q14 to 32%.