Campbell’s Stock Drops on Weak Quarterly Sales, Full-Year Outlook Cut | Global News Avenue

Campbell (CPBStocks fell nearly 3% on Wednesday morning on quarterly results for snack and soup manufacturers and reduced full-year outlook for soft demand for snack foods.

Snack manufacturers, such as goldfish cookies and kettle brand fries, have adjusted for the second quarter of 2025 Earnings per share (EPS) It fell 8% to $0.74, with net sales falling 2% on an organic basis to $2.69 billion.

Which company, Drop soup From the name of the second half of last year, net organic sales for an entire year will be in the “flat down 2%” range. It said that full-year adjusted EPS would be between $2.95 and $3.05, or down about 4% to 1%, while adjusted EPS would be $3.08 for fiscal 2024.

Campbell previously expected 2025 net organic sales to be in the range of 0% to 2%, with adjusted earnings per share between $3.12 and $3.22, or 1% to 4%.

“Given the softness of some of our snack categories, the expected order ranking improvements did not come true this quarter, and now our second half expectations are softer.” CEO (CEO) Mick Beekhuizen said that the update to the guidance throughout the year was explained. Beekhuizen takes over as CEO of Mark Close, who left at the end of January Become President Washington Commander of the National Football League

Campbell’s share price has fallen more than 8% over the past 12 months.