UPDATE 1-US soup sales, acquisitions boost Campbell Soup's profit
* 4th-qtr adj. earnings/share $0.45 vs est $0.42
* 4th-qtr sales rises 13 pct to $1.82 bln vs est $1.84 bln
* Expects full-year adj. earnings up 3-5 pct
* Expects full-year sales from cont. ops up 5-6 pct
Aug 29 (Reuters) - Campbell Soup Co, the world's largest soup maker, reported a better-than-expected quarterly profit, helped by acquisitions and strengthening U.S. sales of soups and sauces.
Under a turnaround effort led by Chief Executive Denise Morrison, the company has been revamping its offerings with new soups and sauces and improving existing lines after several seasons of weak soup sales.
The company, which sells Prego pasta sauces and Pepperidge Farm cookies, has also been buying brands in the fast moving perishable foods business.
Over the past year, Campbell bought Bolthouse Farms, which makes refrigerated salad dressings and baby carrots; Plum Organics, which makes baby food; and Kelsen, a cookie brand.
Total sales rose 13 percent to $1.82 billion in the fourth quarter ended July 28, slightly below analysts' estimates of $1.84 billion, according to Thomson Reuters I/B/E/S.
Sales was $1.72 billion, excluding the operations of some European businesses the company plans to sell.
Acquisitions accounted for 13 percent of the sales from continuing operations.
Sales from its U.S. soup and sauce business rose 7 percent in the quarter and accounted for about 29 percent of sales from continuing operations.
The company's adjusted earnings rose 9 percent to $142 million, or 45 cents per share in the quarter, beating analysts' estimates of 42 cents per share.
Campbell said it expects adjusted earnings to grow 3 to 5 percent for fiscal 2014. Sales from continuing operations are expected to grow 5 to 6 percent.
The Camden, New Jersey-based company's shares fell 3 percent to $43.50 in premarket trade on Thursday.