CAMDEN (dpa-AFX) - While reporting financial results for the second quarter on Wednesday, Campbell's Co. (CPB) trimmed its adjusted earnings and organic net sales guidance for the full-year 2026, based on first half results, current operating environment and a more cautious view for the balance of the year.
The guidance is driven by the near-term outlook for the company's Snacks business and select incremental trade investments.
For fiscal 2026, the company now projects adjusted earnings in a range of $2.15 to $2.25 per share on organic net sales decline of 2 to 1 percent.
Previously, the company expected adjusted earnings in the range of $2.40 to $2.55 per share on organic net sales between down 1 percent and up 1 percent.
In Wednesday's pre-market trading, CPB is trading on the Nasdaq at $23.47, down $1.21 or 4.90 percent.
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