Campbell's shares choppy on unchanged annual forecasts

Shares of packaged food company Campbell's Co CPB.O marginally down at $30 in volatile premarket trading

Maintains its annual sales and profit forecasts

Expects fiscal 2026 adjusted earnings per share to decline up to 18% to between $2.40 and $2.55

Forecasts annual net sales in the range of flat to decline of 2%
However, CPB beats first-quarter sales estimates on steady demand as consumers increasingly opt to eat at home

Posts quarterly sales of $2.68 billion vs analysts' estimates of $2.66 billion, according to data compiled by LSEG

Separately, CPB to buy 49% of Rao's sauce maker La Regina SPA for $286 million, with transaction expected to close in the second half of fiscal 2026
Up to last close, CPB down about 28% YTD