Campbell's Co rises on upbeat quarterly results

Campbells Co

02/06/2025 14:44

** Shares of packaged food company Campbell's Co CPB.O up as much as 2.8% at $35 in early trading

** Co beats third-quarter sales and profit estimates, helped by consumers preferring to eat at home more

** CPB says it is pursuing possible pricing actions, while working with suppliers to seek better sourcing and lower product costs to minimize tariff impacts

** Co reaffirms annual net sales forecast, excluding tariff impact

** However, CPB sees annual adjusted EPS at lower end of its prior forecast due to weak snacks demand

** Up to last close, stock down ~18% YTD

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))