Campbell Soup (CPB): Q2 2020 Earnings Snapshot

— Campbell Soup Company (NYSE: CPB) reported Q2 2020 earnings of $0.72 per share, vs. $0.66 expected.

— Sales remained flat at $2.16 billion, vs. $2.15 billion expected.

— Organic sales increased 1%.

— Meals & Beverages sales were $1.2 billion.  

— Snacks sales were $938 million.

— FY2020 net sales are expected to be down 1% to up 1%.

— FY2020 organic net sales are expected to be down 1% to up 1%.

— FY2020 adjusted EPS is expected to be $2.55 to $2.60.

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