Campbell's Cuts Full-Year Forecasts Following Weak Snack Sales

The company reported a 2% decline in organic net sales for Q2 and lowered its profit and sales outlook for fiscal 2025.

Campbell's second-quarter adjusted earnings per share fell 8% year-over-year to $0.74, slightly exceeding analyst expectations of $0.72.
Organic net sales declined 2% in Q2, driven by lower net price realization, with volumes remaining flat despite price cuts.
The company revised its fiscal 2025 guidance, now projecting organic net sales to range from a 2% decline to flat, compared to its previous forecast of flat to 2% growth.
Full-year adjusted earnings per share are now expected to fall between $2.95 and $3.05, down from the prior range of $3.12 to $3.22.
The updated forecast does not account for potential impacts from evolving trade tariffs, which could further affect profitability.