Campbell's Co rises on upbeat quarterly results

ReutersJun 2, 2025 1:44 PM

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Shares of packaged food company Campbell's Co CPB.O up as much as 2.8% at $35 in early trading

Co beats third-quarter sales and profit estimates, helped by consumers preferring to eat at home more

CPB says it is pursuing possible pricing actions, while working with suppliers to seek better sourcing and lower product costs to minimize tariff impacts

Co reaffirms annual net sales forecast, excluding tariff impact

However, CPB sees annual adjusted EPS at lower end of its prior forecast due to weak snacks demand

Up to last close, stock down ~18% YTD

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