Campbell's (CPB) reported fiscal Q2 adjusted earnings Wednesday of $0.74 per diluted share, down from $0.80 a year earlier.
Analysts polled by FactSet expected $0.72.
Net sales for the quarter ended Jan. 26 were $2.69 billion, up from $2.46 billion a year earlier. Analysts surveyed by FactSet expected $2.74 billion.
The company said it now expects fiscal 2025 adjusted EPS of $2.95 to $3.05 versus its prior guidance range of $3.12 to $3.22. Analysts polled by FactSet expect $3.13.
The company also now expects full-year net sales growth of 6% to 8%, compared with the previous outlook of 9% to 11% growth.
Campbell's shares were down 5.3% in recent premarket activity.
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