HIGHLIGHTS

EPS of $.1
billion in fiscal 2004. CT on
Tuesday, February 22, 2005, through 11:00 p.hormel.8
Specialty Foods 3,541 4,718 (24.06% 36., Cosi, Inc. We expect a solid fourth quarter as the impact of the
price increase on volume moderates.
Further details of sales results include the following:

-- Sales in Europe were up compared with a year ago, primarily
due to the favorable impact of currency.

For the first nine months of fiscal 2005, sales increased 8
percent to $1,353 million. These forward-looking statements rely on a number of
assumptions and estimates which could be inaccurate and which are
subject to risks and uncertainties. and Canada .

chilis roti

-- Volume declined 1 percent due to weaker sales from DINTY MOORE
canned products.
The audio replay will be available beginning at 9:00 a.com

FORWARD-LOOKING STATEMENTS

This news release contains forward-looking information based on
management's current views and assumptions .

Campbell Reports Third Quarter Earnings Per Share of $.35; Net Sales Increase 4 Percent; Baking and Snacking Delivers Strong Performance

For the first nine months of fiscal 2005, the company also
reported strong cash flow from operations of $772 million compared
with $576 million in the year -ago period. The increase was driven by
improved working capital performance, lower cash settlements related
to foreign currency hedging transactions and higher earnings.S.

-- Sales of ready -to-serve soups declined in the quarter,
reflecting a shift in promotional spending, increased
competitive activity, and the impact of the price increase
effective at the end of February."

-- "Pepperidge Farm" frozen products continued to experience
growth across pot pies, frozen breads, and frozen pastries . The passcode is "Campbell Soup" and the
conference leader is Len Griehs.4725
============ ============

Weighted average shares outstanding - basic 409 411
============ ============

Per share - assuming dilution
Net earnings $ 1.

tamale portioned

Clougherty
Packing, the company behind the FARMER JOHN brand, which we acquired
at the end of December, is a logical fit for our organization.microsoft.
Please refer to the Cautionary Statement Relevant to Forward-Looking
Statements and Information that appears on Exhibit 99.9
General corporate
expense (8,445) (12,216) 30. retail,
"Arnott's" biscuits in Australia and Asia Pacific, and "Arnott's"
salty snacks in Australia.43
============ ============

Weighted average shares outstanding
- assuming dilution 414 412
============ ============

CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except per share amounts)

THREE MONTHS ENDED
------------------
May 1, May 2, Percent
Sales 2005 2004 Change
----- --------- -------- -------
Contributions:
U .48 $ 1. The "non-GAAP" financial measures are measures of
performance not defined by accounting principles generally accepted in
the United States and should be considered in addition to, not in lieu
of, GAAP reported measures.02)
------------ -----

Earnings per share, excluding restructuring
related costs and one-time items $ 1.

tortellini precooked

"After assessing industry factors and our business plans and
prospects, our earnings guidance for the second quarter of fiscal 2005
is in a range of $.38.

Jennie-O Turkey Store (20 % of Net Sales, 30 % of Segment
Operating Profit)

-- Dollar sales totaled $261 million, an increase of 10 percent. The higher operating profit resulted
from a combination of value -added sales growth, favorable
commodity meat markets and lower feed costs.6
Refrigerated Foods 35,866 29,789 20.S. Top performers included
"Pepperidge Farm" whole grain breads, as well as its lines of
improved bagels and English muffins. The items include the following:

-- Earnings per share (EPS), excluding restructuring related
costs and one-time items

The table below reconciles earnings per share, presented in
accordance with GAAP, to earnings per share excluding restructuring
related costs and other one-time items.

Fiscal Year Ended
-----------------
August
1, 2004
-------- ---------

As reported earnings per share $ 1. Consequently, the company
believes that investors may be able to better understand earnings if
these transactions are excluded from the results.

spanakopita truitt

5 million, up 24 percent from $51. "Also, our ability to raise prices within the Grocery
Products Segment in June of last year enabled us to recover higher
input costs," Johnson said .4
Refrigerated Foods 648,432 544,624 19. Cosi has developed featured
foods that are built around a secret, generations-old recipe for crackly crust
flatbread.

-- "Campbell's" condensed cooking soups experienced a decline in
sales compared to the quarter a year ago, due to a shift in
marketing spending from the Easter holiday to the higher
potential winter holiday season. Operating earnings increased 16 percent to
$129 million, reflecting higher sales.S.

tamales thaller

46, up 24 percent from $. Ethnic brands also reported solid
results within this segment, with sales up 8%," Johnson said.

Refrigerated Foods (51 % of Net Sales, 32 % of Segment Operating
Profit)

-- Dollar sales totaled $648 million, up 19 percent (up 12
percent without Clougherty Packing).

All Other (5 % of Net Sales, 4 % of Segment Operating Profit)

-- Dollar sales rose 1 percent to $58 million. Access is available at www. For
more information, visit www.5

HORMEL FOODS CORPORATION
CONSOLIDATED STATEMENTS OF EARNINGS
(In thousands, except per share amounts)

Thirteen Weeks Ended
1-30-2005 1 -24-2004
----------- -----------

Net sales $1,271,431 $1,135,533

Cost of products sold 959,618 863,757
----------- - ----------

GROSS PROFIT: 311,813 271,776

Expenses:
Selling and delivery 137,791 125,773

Marketing 31,726 25,867

Administrative + general 40,622 36,618
----------- ---------- -

TOTAL EXPENSES: 210,139 188,258

Equity in earnings of affiliates 2,927 1,706
----------- -----------

OPERATING INCOME: 104,601 85,224

Other income + expenses:
Interest + investment income 4,605 3 ,202

Interest expense (6,774) (6,810)
----------- -----------

EARNINGS BEFORE
INCOME TAXES: 102,432 81,616

Provision for income taxes 37,958 29,790
(effective tax rate) 37.
(Nasdaq: COSI) will report its financial results for the fourth quarter and 12
months ended January 3, 2005, after the close of stock market trading on
Wednesday, March 16th.S.com) is the premium, convenience restaurant that
offers breakfast, lunch, afternoon coffee, dinner and dessert menus full of
creative, fresh , flavorful foods and beverages.S.17 $ . Soup, Sauces and
Beverages $ 627 $ 637 -2%
Baking and Snacking 421 389 8%
International Soup and Sauces 435 412 6%
Other 253 229 10%
--------- --------
Total sales $ 1,736 $ 1,667 4%
========= ========

Earnings
--------
Contributions:
U.58
=================

(1) The costs relate to the worldwide cost savings initiatives and
Australian distribution and logistics realignment announced on
June 24, 2004.

findus spanakopita

3 billion, up from $1.

-- Operating profit totaled $34 million compared with $22 million
last year, up 55 percent.m.0

OPERATING PROFIT
---------- ------
Grocery Products $34,944 $34,383 1.J.
For the third quarter , net sales rose 4 percent to $1.
For the first nine months of fiscal 2005, the company reported net
earnings of $611 million, or $1.58. Soup, Sauces and Beverages were $627 million, a 2
percent decrease compared with a year ago. The change in sales
reflects the following factors:

-- Volume and mix subtracted 6 percent

-- Price and sales allowances added 2 percent

- - Decreased promotional spending added 2 percent

Operating earnings of $152 million were up 8 percent compared with
the year-ago quarter, due to higher selling prices, lower marketing
spending , and productivity savings, which were partially offset by
volume declines and higher energy related costs.

For the first nine months of fiscal 2005, sales increased 8
percent to $1,303 million .

-- Away From Home sales grew significantly, led by continued
strong growth of refrigerated soups for grocery store deli
departments.com

Conference Call

The company will host a conference call to discuss these results
on May 23 at 10:00 a.
Baking and Snacking includes the following businesses: "Pepperidge
Farm" cookies, crackers, breads and frozen products in U.

The company believes that earnings per share excluding certain
restructuring related costs and certain other transactions not
considered to be part of the ongoing business are a better indicator
of the true performance of the business.

samosas chilis

The Hormel Foods and Jennie-O Turkey Store Foodservice
business unit dollar sales were up 14 percent and 8 percent,
respectively.
"Improvements in our Grocery Products sales and operating profit
were driven by double-digit growth in HORMEL and STAGG chili , and the
SPAM family of products.80," Johnson concluded.

-- Volume declined 2 percent.

-- Diamond Crystal Brands' sugar substitute category continued to
report strong growth.
If you do not have Media Player, you may download it for free at
http://www. Actual events may differ . The conference call will also be webcast
simultaneously by accessing http://www. To access the replay , call 888-286-8010 in the U.35, compared with $. The prior year's
third quarter results included a $10 million after-tax gain from the
settlement of the class action lawsuit. We are also looking forward to
next year with new product introductions and a continued emphasis on
enhancing product quality, convenience and availability.
A breakdown of the change in sales follows:

-- Volume and mix added 5 percent

-- Price and sales allowances added 4 percent

-- Currency added 1 percent

Operating earnings of $27 million were up 13 percent versus the
prior year, driven by strong sales growth.campbellsoupcompany.

gyros chilis

"We continue to see aggressive growth in our Foodservice
businesses.

-- Operating profit was down 25 percent to $4 million.com/about_company.htm.

43 per share for the prior year. However, we grew sales of condensed soup 4 percent in the
quarter and 6 percent for the first nine months, the best performance
in many years.
U. retail soup sales increased 5
percent, with condensed sales up 6 percent, ready-to-serve sales up 2
percent, and broth sales up 10 percent.
A breakdown of the change in sales follows:

-- Volume and mix added 4 percent

-- Price and sales allowances added 4 percent

-- Increased promotional spending subtracted 1 percent

-- Currency added 1 percent

Operating earnings increased 33 percent to $36 million compared
with the year-ago quarter, driven by higher selling prices, sales
volume gains and productivity savings, as well as lower expenses in
the Australian Snackfoods business, partially offset by higher
commodity costs. participants at
1-517-308-9003.57
Add: Restructuring related costs (1) 0.05
Deduct: Gain on litigation settlement (2) (0.

enchiladas ravioli

Sales totaled $1.

-- SPAM Singles was introduced in eight additional markets . Year-ago results
included $10 million of sales from Vista International
Packaging, which we sold in the third quarter of fiscal 2004.

DIVIDENDS

Effective February 15, 2005, the company paid its 306th
consecutive quarterly dividend. The Webcast replay will be available
at 12:00 (noon) CT, February 22, and archived for one year.0)
----------------- - -------------- -----------
Total segment operating
profit 113,046 97,440 16.46 $.newscom.7 billion,
reflecting the following factors:

Price and sales allowances added 2 percent

Currency added 2 percent

Volume and mix was flat

Net earnings for the third quarter of fiscal 2005 were $146
million compared with $142 million in the prior year.S.com and can be accessed
by clicking on the "Webcast" banner.S.campbellsoupcompany .S.

portioned findus

----Hormel Foods
Corporation (NYSE:HRL) today reported its performance for the fiscal
2005 first quarter.m. Members of Cosi's senior management team will host a
teleconference and webcast at 8:30 a. Conant, Campbell's President and Chief Executive
Officer, said, "Our company's third quarter results continued our
strong year-to-date performance across multiple businesses. retail soup sales for the quarter were flat compared with a
year ago, with condensed soup sales up 4 percent, ready-to-serve soup
sales down 6 percent, and broth sales up 7 percent.

-- "Swanson" broth sales increased driven by the growing practice
among consumers of substituting broth for water when cooking.

Highlights of this segment's other businesses include:

-- "Campbell's Chunky" chili continues to perform well in the
marketplace following a successful introduction in the first
quarter.

serenna raamsdonksveer

Earnings per share were $.hormel.0
Net interest and
investment income (2,169) (3,608) 39. DEERFIELD, Ill. This artisan bread is freshly baked in front of customers
throughout the day in open flame stone hearth ovens prominently located in
each of the restaurants.
The Cosi menu features, Cosi sandwiches, freshly tossed salads, Cosi
Melts, soups, Cosi bagels, pizzas , S'mores and other desserts, and a wide
range of coffee beverages. The convenience platform,
which includes "Campbell's Soup at Hand" sippable soups and
microwaveable bowls of "Campbell's Chunky" and "Campbell's
Select," achieved strong sales in the quarter.

-- Sales of "Pepperidge Farm Goldfish" snack crackers experienced
good gains due to continued momentum of the base brand and the
favorable impact of new advertising featuring the new animated
character, "Finn.

International Soup and Sauces

Sales for International Soup and Sauces were $435 million, a 6
percent increase compared with the third quarter of fiscal 2004. Strong wet soup
growth of "Liebig" soups in France and "Erasco" soups in
Germany was offset by lower sales in the United Kingdom.

-- In Canada , sales increased significantly, driven by volume
gains in ready-to-serve soup and "V8" beverages , as well as
the favorable impact of currency. and
Canada.35 $ .34
============ ============

Weighted average shares outstanding
- assuming dilution 414 413
============ ============

CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions, except per share amounts)

NINE MONTHS ENDED
-------------------------
May 1, May 2,
2005 2004
------------ ------------

Net sales $ 6,050 $ 5,676
--------- --- ------------

Costs and expenses
Cost of products sold 3,601 3,315
Marketing and selling expenses 951 911
Administrative expenses 403 400
Research and development expenses 68 65
Other income (2) (1)
------------ ------------
Total costs and expenses 5,021 4,690
------------ ------------

Earnings before interest and taxes 1,029 986
Interest , net 134 125
------------ ------------
Earnings before taxes 895 861

Taxes on earnings 284 273
------------ ------------
Net earnings $ 611 $ 588
============ ============

Per share - basic
Net earnings $ 1.02)
Gain on sale of property (3) (0.

enchiladas truitt

-- Operating profit was up 2 percent. Growth from the above
mentioned items and the price increase implemented in the
third quarter of 2004 contributed to profitability.

General Corporate Expense

-- Expenses were lower in 2005 because 2004 included expenses
related to the realignment of the company's sales
organization.asp.hormel.48 per share, versus $588 million, or
$1.

Non-GAAP Financial Information

A reconciliation of the adjusted fiscal year 2004 earnings per
share to the reported earnings per share is attached to this release
and can also be found on the company's website at
www.

chilis chunk

Hormel Foods Reports First Quarter Results

65 to $1.

-- Foodservice reported double-digit volume growth in key
categories including ALWAYS TENDER pork, AUSTIN BLUES BBQ and
CAFE H products.

-- Lower grain costs are expected for 2005 compared with last
year.
Excluding Vista, this year's dollar sales were up 24 percent,
driven by higher values received from international pork
sales. CT on Tuesday,
February 22, 2005. The company leverages its extensive expertise,
innovation and high competencies in pork and turkey processing and
marketing to bring quality, value-added brands to the global
marketplace .com

Segment Data

Fiscal 2005 First Quarter Segment Operating Results (in Thousands)

FIRST QUARTER - 13 WEEKS ENDED
------------------------------

SALES January 30, 2005 January 24, 2004 % Change
----- ---------------- ---------------- -----------
Grocery Products $193,825 $183,836 5.9
Specialty Foods 110,092 112,183 (1.37
=========== ===========

HORMEL FOODS CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

January 30, October 30,
2005 2004
------------ -----------
(In Thousands )
ASSETS
------

CURRENT ASSETS
Cash and cash equivalents $145,205 $288,881
Accounts receivable 282,359 272,738
Inventories 472,865 425,655
Deferred income taxes 28,811 29,254
Prepaid expenses + other current assets 14,092 12,875
------------ -----------

TOTAL CURRENT ASSETS 943,332 1,029,403

INTANGIBLES 552,231 512,942

OTHER ASSETS 292,088 287,386

PROPERTY, PLANT + EQUIPMENT, NET 817,753 704,237
--------- --- -----------

TOTAL ASSETS $2,605,404 $2,533,968
============ ===========

LIABILITIES AND SHAREHOLDERS' INVESTMENT
----------------------------------------

TOTAL CURRENT LIABILITIES $488,424 $464,366

LONG-TERM DEBT - LESS CURRENT MATURITIES 361,495 361,510

OTHER LONG-TERM LIABILITIES 304 ,924 308,844

SHAREHOLDERS' INVESTMENT 1,450,561 1,399,248
------------ -----------

TOTAL LIAB.S., or 617 -847-8704 outside of the U.----Campbell Soup Company
(NYSE:CPB) today reported diluted earnings per share for the third
quarter ended May 1, 2005 of $. We have
significantly increased cash flow from operations and strengthened our
balance sheet.S.

For the first nine months of fiscal 2005, sales increased 12
percent to $817 million. A recording of the call will be
available approximately two hours after it is completed through
midnight May 27, 2005 at 1-866-459-3544 or 1-203-369-1333 . The company disclaims any obligation or
intent to update the forward-looking statements in order to reflect
events or circumstances after the date of this release. Founded in 1869, the company has a portfolio
of more than 20 market-leading brands, and had over $7 billion in
sales in 2004.36 $ .35 $ .S.

pesto spanakopita

-- Operating profit rose 20 percent to $36 million.

Specialty Foods (9 % of Net Sales, 3 % of Segment Operating
Profit)

-- Dollar sales decreased 2 percent to $110 million, with weaker
sales in the sports nutrition and managed healthcare channels.com/windows /windowsmedia/download/default. In 2001, 2002, 2003 and 2004, Hormel Foods was named one
of "The 400 Best Big Companies in America" by Forbes magazine.9)
All Other 4,297 6,323 (32.
(Logo: http://www.com/cgi-bin/prnh/20040428/COSILOGO )
To participate in the teleconference, investors and analysts are invited
to call 800-265-0241 in the U., or
617 -801-6888 outside of the U. Cosi's sights, sounds, and spaces
create a tasteful, relaxed place that always provides a fresh and new dining
experience.
The Cosi vision is to become America's favorite quality, convenience
restaurant by providing customers authentic, innovative, savory food while
remaining an affordable luxury. Last year's results included a $.1 billion for the first nine months of fiscal
2005, an increase of 7 percent compared with the year-ago period,
reflecting the following factors:

-- Volume and mix added 5 percent

-- Price and sales allowances added 1 percent

-- Increased promotional spending subtracted 1 percent

-- Currency added 2 percent

Douglas R. The company also said that capital
expenditures for the year are now projected to be approximately $350
million, versus a previous forecast of $380 million, with a portion of
the reduced spending shifting to fiscal 2006. Operating earnings decreased 1 percent to
$643 million, as the benefit of higher sales volume and productivity
gains were more than offset by higher energy related costs and
increased trade promotion and advertising.
Further details of sales results include the following:

-- Pepperidge Farm experienced strong sales growth in each of its
businesses: bakery, cookies and crackers, and frozen. Operating earnings increased 5 percent to
$184 million , due to the favorable impact of currency. Soup, Sauces and
Beverages $ 152 $ 141 8%
Baking and Snacking 36 27 33%
International Soup and Sauces 59 57 4%
Other 27 24 13%
--------- --------
Total operating earnings 274 249 10%
Unallocated corporate expenses (15) (6)
- -------- --------

Earnings before interest and
taxes 259 243 7%
Interest, net (45) (40)
Taxes on earnings (68) (61)
--------- --------
Net earnings $ 146 $ 142 3%
========= ========

Net earnings per share -
assuming dilution $ . Soup, Sauces and
Beverages $ 2,577 $ 2,487 4%
Baking and Snacking 1,303 1,202 8%
International Soup and Sauces 1,353 1,255 8%
Other 817 732 12%
-------- --------
Total sales $ 6,050 $ 5,676 7%
======== ========

Earnings
--------
Contributions:
U.

precooked ravioli

37 in 2004

Dollar sales of $1.8
million a year earlier.
"Several key brands contributed to our success in the quarter,
with the standout performance coming from the Jennie-O Turkey Store
Segment," Johnson commented.70 to $1.m.9)
All Other 58,000 57 ,355 1.

Summary of Fiscal 2005 Third Quarter and Nine Month Results by
Segment U. "Campbell's" condensed eating soups
achieved solid sales growth in part due to the combination of
successful merchandising and kids promotional marketing
programs, as well as increased advertising and pricing. Microwaveable bowls, which were introduced mid-year,
and a new Hold The Beans variety in cans, have been
well-received.

-- "V8" vegetable juice sales increased in the quarter , while
sales of "V8 Splash" beverages declined due to continued
competitive pressures. participants may
access the call at 1-888-677-5720 and non-U.

Reporting Segments

Beginning in fiscal year 2005, Campbell Soup Company earnings
results are reported for the following segments:
U.
International Soup and Sauces includes the soup, sauce and
beverage businesses outside of the United States, including Canada,
Europe, Mexico, Latin America, and the Asia Pacific region.35
============ ============

Dividends $ .51 $ .S.

precooked spanakopita

"On top of very good value-added growth
in our turkey segment, strong market conditions and decreasing feed
costs helped deliver the outstanding results," said Johnson. Consumer response to our national roll-out of
STAGG chili and the aggressive marketing support behind HORMEL and
STAGG chili have been very good.75 to a range of
$1. The
company enjoys a strong reputation among consumers, retail grocers,
foodservice and industrial customers for products that are highly
regarded for quality, taste, nutrition, convenience and value.9
---- ------------- --------------- -----------
Income before tax $102,432 $81,616 25.getcosi., and reference the code 62311586. We are
very pleased with the performance of Pepperidge Farm, Arnott's
biscuits, Godiva Chocolatier, and our Away From Home soup business.
"As planned, we have strengthened our margins, leveraging the
pricing action and continuing our aggressive cost management.S.S.1575
============ ============

Weighted average shares outstanding - basic 409 411
============ ============

Per share - assuming dilution
Net earnings $ .49 $ 1.

roti gyros

Double-digit growth was reported for the SPAM
family of products, HORMEL and STAGG chili, HORMEL bacon bits,
CARAPELLI olive oil and HERDEZ Mexican products . Commodity volume continued to decline as we
converted more products to value-added.

-- Foodservice dollar sales were up 8 percent. Core product sales for Diamond Crystal
Brands were up 21 percent .

CONFERENCE CALL

A conference call will be Webcast at 8:00 a.1 of the
company's Annual Report on Form 10-K for the fiscal year ended October
30, 2004, which can be accessed at http://www .47 $.m.getcosi.

-- "Campbell's SpaghettiOs" pasta experienced significant sales
growth , continuing to benefit from effective branding and
marketing integration with the "Campbell's" brand . Participants should call at least five minutes prior
to the starting time.S.

thaller serenna

-- Leading the growth within this segment were double-digit
volume performers HORMEL sliced pepperoni, HORMEL fully cooked
bacon and HORMEL fully cooked entrees.
The improved sales were the result of securing new
distribution of existing products and new product
introductions.

-- Volume was down 1 percent compared with last year.52 per share.com.

ABOUT HORMEL FOODS CORPORATION

Hormel Foods Corporation, based in Austin, Minn., and
reference participant code 29501756.34 in the year -ago
quarter.

-- Sales of fresh bread and bakery products were up double digits
for the third consecutive quarter.
A breakdown of the change in sales follows:

-- Volume and mix added 2 percent

-- Increased promotional spending subtracted 1 percent

-- Currency added 5 percent

Operating earnings increased 4 percent to $59 million, due to the
favorable impact of currency.
Sales grew 10 percent to $253 million compared with the same
period a year ago.S .

(2) The gain relates to the settlement of a class-action lawsuit
involving ingredient suppliers.

saranjai sandridge

3 billion increased 12 percent from 2004

Volume up 4 percent compared to last year

Jennie-O Turkey Store operating profit up 55 percent; volume
up 2 percent; dollar sales up 10 percent

Refrigerated Foods operating profit up 20 percent; volume up 9
percent; dollar sales up 19 percent

Grocery Products operating profit up 2 percent; volume down 1
percent; dollar sales up 5 percent

Specialty Foods operating profit down 25 percent; volume down
2 percent; dollar sales down 2 percent

Clougherty Packing, maker of the FARMER JOHN brand, acquired
in the quarter

Hormel Foods Corporation (NYSE:HRL), the multinational marketer of
consumer-branded meat and food products, today reported fiscal 2005
first quarter net earnings of $64.

-- Volume increased 9 percent (up 1 percent without Clougherty
Packing). If you do
not have Internet access and want to listen to an audio replay, call
800 -642-1687 in the United States and 706-645-9291 internationally and
enter conference call ID 3993088 .1
---------------- ---------------- -----------
Total $1,271,431 $1,135,533 12.
A replay will be available following the call until 12:00 AM ET on
March 25, 2005.S.

About Cosi, Inc.
Additionally, during the year , the company introduced two
varieties of organic broth into its existing aseptic line.

For the first nine months of fiscal 2005, sales increased 4
percent to $2,577 million.

-- Arnott 's sales rose, as the business benefited from strong
customer programs and new product launches.campbellsoupcompany . Actual results could vary
materially from those anticipated or expressed in any forward-looking
statement made by the company. Soup, Sauces and
Beverages $ 643 $ 652 -1%
Baking and Snacking 129 111 16%
International Soup and Sauces 184 175 5%
Other 121 109 11%
-------- --------
Total operating earnings 1,077 1,047 3%
Unallocated corporate expenses (48) (61)
-------- --- -----

Earnings before interest and
taxes 1,029 986 4%
Interest, net (134) (125)
Taxes on earnings (284) (273)
-------- --------
Net earnings $ 611 $ 588 4%
======== ========

Net earnings per share
- assuming dilution $ 1.43 3%
======== ========

CAMPBELL SOUP COMPANY CONSOLIDATED
BALANCE SHEETS (unaudited)
(millions)

May 1, May 2,
2005 2004
---------- ----------

Current assets $ 1,419 $ 1,340

Plant assets, net 1,911 1,834

Intangible assets, net 3,153 2,996

Other assets 330 273
---------- ----------

Total assets $ 6,813 $ 6,443
========== ==========

Current liabilities $ 1,900 $ 2,187

Long -term debt 2,541 2,543

Nonpension postretirement benefits 290 301

Other liabilities 714 536

Shareowners' equity 1,368 876
---------- ----------

Total liabilities and shareowners ' equity $ 6,813 $ 6,443
========== ==========

Total debt $ 2,988 $ 3,312
========== ==========

Cash and cash equivalents $ 32 $ 28
========== ==========

Reconciliation of GAAP and Non-GAAP Financial Measures

Campbell Soup Company uses certain "non-GAAP" financial measures
as defined by the Securities and Exchange Commission in certain
communications .

findus pesto

Business Editors

AUSTIN, Minn.

COMMENTARY AND OUTLOOK

"Our top and bottom lines reflected impressive growth as a result
of outstanding demand for our value -added pork and turkey products,"
said Joel W.
"We are excited about the recent additions to our portfolio of
Clougherty Packing and Arriba Foods (Mexican Accent). Brands contributing strong growth include CAFE H
products, AUSTIN BLUES BBQ products, HORMEL ALWAYS TENDER pork and
JENNIE-O TURKEY STORE oven roasted products," Johnson stated.50%
----------- -----------

NET EARNINGS $64,474 $51,826
=========== ===========

NET EARNINGS PER
SHARE (Basic) $.
Cosi (http://www. In
our U. For the nine months, sales of
cooking soups were flat, which is a significant improvement
over historical trends.

-- In Asia Pacific, sales rose, driven by higher sales of broth
and beverages, as well as the favorable impact of currency.

tamale chunk

44 per share, versus actual fiscal 2004
results of $. CT on March 17, 2005.1
Jennie-O Turkey Store 261,082 237,535 9. + SHAREHOLDERS ' INVESTMENT $2,605,404 $2,533,968
============ ===========

HORMEL FOODS CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS

Thirteen Weeks Ended
1-30-2005 1-24-2004
---------------------
OPERATING ACTIVITIES (In Thousands)
Net earnings $64,474 $51,826
Adjustments to reconcile to net cash provided
by operating activities:
Depreciation 24,137 21,275
Amortization of intangibles 2,023 1,750
Equity in earnings of affiliates (2,739) (1,358)
Provision for deferred income taxes (5,885) (2,597)
Loss on property/equipment sales and plant
facilities 181 0
Changes in operating assets and liabilities net
of acquisitions:
Decrease in accounts receivable 17,084 25,112
Increase in inventories, prepaid expenses,
and other current assets (16,921) (44,384)
Decrease in accounts payable and accrued
expenses (3,894) (21,280)
Other 1,477 806
---- ------ ----------
NET CASH PROVIDED BY OPERATING ACTIVITIES 79,937 31,150

INVESTING ACTIVITIES
Purchase of held-to-maturity securities 0 (3,250)
Acquisitions of businesses (188,243) (2,070)
Purchases of property / equipment (24,761) (15,830)
Proceeds from sales of property / equipment 514 604
Decrease (Increase) in investments, equity in
affiliates, net pension assets, and other
assets 952 (3,161)
---------- ----------
NET CASH USED IN INVESTING ACTIVITIES (211 ,538) (23,707)

FINANCING ACTIVITIES
Principal payments on long-term debt (15) (2,351)
Dividends paid on common stock (15,516) (14,550)
Stock repurchase (1,229) (8,711)
Other 4,685 2,131
---------- ----------
NET CASH USED IN FINANCING ACTIVITIES (12,075) (23,481)
---------- ----------
DECREASE IN CASH AND CASH
EQUIVALENTS (143,676) (16,038)
Cash and cash equivalents at beginning of year 288,881 97,976
---------- -------- --
CASH AND CASH EQUIVALENTS AT END OF QUARTER $145,205 $81,938
========== ==========

Cosi restaurants are designed to be welcoming and
comfortable with an eclectic environment.

Business Editors

CAMDEN, N.

- - "Pepperidge Farm" cookie sales achieved double-digit growth in
the quarter, driven by Chocolate Chunk cookies, the
introduction of a new line of sugar-free cookies, and four new
varieties of soft-baked cookies.m. Please refer to the company's most
recent Form 10-K and subsequent filings for a further discussion of
these risks and uncertainties.S.
Other includes the Godiva Chocolatier business worldwide and the
Away From Home business in the U.

About Campbell Soup Company

Campbell Soup Company is a global manufacturer and marketer of
high quality soup, sauce, beverage , baking, biscuit, confectionery and
prepared food products.

polenta gyros

For the full year of fiscal 2005, we are increasing
our earnings guidance from a range of $1.37
=========== ===========
NET EARNINGS PER
SHARE (Diluted) $.

Cosi Inc. to Issue Fourth Quarter and Full-Year 2004 Financial Results and Hold Investor Conference Call

(847) 597-8801

02 gain from Campbell's
share of a class action settlement involving ingredient suppliers.
Net sales were $6. Soup, Sauces and Beverages

Sales for U. For the first nine
months of fiscal 2005, total U.
Further details include the following:

-- Godiva Chocolatier same store sales in North America achieved
double -digit growth as stronger in-store merchandising,
increased advertising and promotional activity and new product
introductions drove higher consumer traffic. For more information on the company, visit Campbell's
website on the Internet at www.com

CAMPBELL SOUP COMPANY CONSOLIDATED
STATEMENTS OF EARNINGS (unaudited)
(millions, except per share amounts)

THREE MONTHS ENDED
--------------------------
May 1, May 2,
2005 2004
------------ ------------

Net sales $ 1,736 $ 1,667
------------ ------------

Costs and expenses
Cost of products sold 1,035 995
Marketing and selling expenses 275 278
Administrative expenses 145 141
Research and development expenses 24 23
Other income (2 ) (13)
------------ ------------
Total costs and expenses 1,477 1,424
------------ ------------

Earnings before interest and taxes 259 243
Interest, net 45 40
------------ ------------
Earnings before taxes 214 203

Taxes on earnings 68 61
------------ ------------
Net earnings $ 146 $ 142
============ ============

Per share - basic
Net earnings $ .34 3%
========= ========

CAMPBELL SOUP COMPANY CONSOLIDATED
SUPPLEMENTAL SCHEDULE OF SALES AND EARNINGS (unaudited)
(millions, except per share amounts)

NINE MONTHS ENDED
----------- -------
May 1, May 2, Percent
Sales 2005 2004 Change
----- -------- -------- -------
Contributions:
U.

tortellini pesto

46 this year
compared with $. Its
strong west coast brand and strategic west coast manufacturing
location strengthen our position in the market and we look forward to
Clougherty Packing's many contributions to our organization.38 to $.

OPERATING HIGHLIGHTS

Grocery Products (15 % of Net Sales, 31% of Segment Operating
Profit)

- - Dollar sales totaled $194 million, up 5 percent.

-- Operating profit was down 32 percent, due principally to
Vista's removal from our portfolio.4
Jennie-O Turkey Store 34 ,398 22,227 54.
There are more than 90 Cosi locations in sixteen states, including
Massachusetts, Connecticut, New York, New Jersey, Pennsylvania, Virginia,
Maryland, Illinois, Ohio, Michigan, Wisconsin, Florida, Georgia, Tennessee,
Washington, California, and the District of Columbia. Net earnings for the prior year
period included the $10 million, or $."
The company confirmed its fiscal 2005 guidance for earnings per
share to increase between 5 and 7 percent from the adjusted fiscal
year 2004 base of $1.
Further details of sales results for the quarter include the
following:

-- Sales of condensed eating soups, which achieved double-digit
sales growth for the first nine months, delivered continued
strong performance for the quarter, more than offsetting sales
declines of cooking soups.

Baking and Snacking

Sales for Baking and Snacking were $421 million, an 8 percent
increase compared with a year ago. Operating earnings increased 11 percent to
$121 million. The call will also be broadcast live
over the Internet at www.43
============ ============

Dividends $ .

(3) The gain relates to the sale of an idle facility in California .

tortellini chilis

37 last year. Johnson, chairman of the board and chief executive
officer. The
Mexican Accent purchase , which was completed at the end of January,
complements our fast-growing ethnic products portfolio ," Johnson
stated. Weaker
sales from DINTY MOORE canned products offset a large portion
of the profits from the categories reporting growth.

-- Volume was up 2 percent. Value-added products reported 4
percent growth, led by double-digit growth in the deli
channel. Strong results also were contributed by JENNIE-O
TURKEY STORE rotisserie turkey breasts, tray pack, bacon and
marinated tenders. The annual rate is $. Listening
to the Webcast requires speakers and Microsoft's Windows Media Player., is a
multinational manufacturer and marketer of consumer-branded food and
meat products, many of which are among the best known and trusted in
the food industry. ET on Thursday , March 17th to discuss
the results.S.

Media Contact: Jon Morgan or Adam Weiner
Kekst and Company
(212) 521-4800

Investor Contact: Cynthia Jamison
Cosi, Inc.02 per share, after-tax gain
from the settlement of the class action lawsuit. Soup, Sauces and Beverages segment, lower trade promotion
activity and the pricing action we took at the end of February, as
anticipated, impacted volume unfavorably, especially in ready-to-serve
soup. Sales of "Campbell's" condensed
cooking and eating soups continue to benefit from the
installation of gravity-feed shelving systems, which are now
in more than 13,000 stores.

-- Sales of "Prego" pasta sauces and "Pace" Mexican sauces
declined in the quarter due to a reduction in marketing
spending and increased competitive activity.

Other

The balance of the portfolio includes the Godiva Chocolatier
business worldwide and the Away From Home business in the U. Eastern Standard Time. U.

Forward-Looking Statements

This release contains "forward-looking statements" which reflect
the company's current expectations about its future plans and
performance, including statements concerning the impact of marketing
investments and strategies, pricing, new product introductions,
cost-saving initiatives and quality improvement on sales, earnings and
margins. Soup, Sauces and Beverages includes the following retail
businesses: "Campbell's" brand condensed and ready-to-serve soups,
"Swanson" broth and canned poultry businesses , "Prego" pasta sauce,
"Pace" Mexican sauce, "Campbell's Chunky" chili, "Campbell's" canned
pasta , gravies and beans, "Campbell's Supper Bakes" meal kits, "V8"
vegetable juices, "V8 Splash" juice beverages, and "Campbell's" tomato
juice.48 $ 1.