Net earnings attributable to The Campbell’s Company was $173 million, or $0.58 per share, compared to $203 million, or $0.68 per share, last year. Adjusted EPS decreased 8% to $0.74.
Earnings beat expectations while revenue missed the mark.
The company updated its guidance for fiscal year 2025. It now expects net sales growth of approx. 6-8% while organic sales are expected to be down 2% to flat. Adjusted EPS is expected to be $2.95-3.05.
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The stock fell over 4% in premarket hours on Wednesday.
Prior performance
