The Campbell's Company shares slide after cutting guidance

Investing.com
03-05

Investing.com -- Shares of Campbell’s Company dropped 5.3% premarket Wednesday after the company lowered its full-year fiscal 2025 guidance, citing weaker-than-expected performance in its snacking segment.

"Second quarter earnings were in line with our expectations despite the dynamic operating environment,” said Mick Beekhuizen, Campbell’s President and CEO. “Given the softness in some of our snacking categories, the anticipated sequential top-line improvement did not materialize during the quarter, and we now have a more muted second half expectation."

For the second quarter ended January 26, net sales rose 9% year-over-year to $2.7 billion, driven by the Sovos Brands acquisition. However, organic net sales declined 2%. Adjusted EBIT increased 2% to $372 million, while adjusted EPS fell 8% to $0.74.

Campbell revised its full-year fiscal 2025 EPS outlook to a range of $2.95-$3.05, down from its prior estimate of $3.12-$3.22. Analysts had expected $3.12. 

The company now expects net sales growth of 6%-8%, down from the previous 9%-11% range, and adjusted EBIT growth of 3%-5%, lower than the prior 9%-11% forecast.

“We remain confident in our ability to successfully navigate the current consumer landscape with our portfolio of advantaged leadership brands,” Beekhuizen stated.

Despite cost savings initiatives, higher net interest expenses and weaker snacking category performance led to the downward revision, with the company acknowledging continued uncertainty in the broader consumer environment.

Related Articles

The Campbell's Company shares slide after cutting guidance

UK drops antitrust probe into Microsoft and OpenAI tie-up

What's next for the semi sector as President Trump calls for ending CHIPS act

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10