Campbell's drops on annual forecasts cut

Campbells Co

11/03/2026 11:27

** Shares of packaged food maker Campbell's Co CPB.O down ~6% at $23.27 premarket

** Co cuts its annual sales and profit forecasts on Wednesday, as it expects demand to be weighed by budget-conscious consumers' shift toward cheaper alternatives amid rising macroeconomic uncertainty

** Expects annual organic net sales to fall between 1% and 2%, compared with its previous forecast of between a 1% fall and 1% rise

** Sees annual adjusted profit per share between $2.15 and $2.25, lower than its previous forecast of $2.40 and $2.55

** Posts Q2 net sales of $2.56 billion, compared with estimates of $2.61 billion- data compiled by LSEG

** Reports Q2 adjusted EPS of 51 cents vs estimates of 57 cents

** Stock fell 33% in 2025

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))