Campbell's Q2 Earnings Mixed; Guidance Drops
Campbell's reported mixed earnings with net sales growth fueled by acquisitions, but faced margin pressure from increased costs.
Iconic soup and snack food company Campbell's (NASDAQ:CPB) reported mixed fiscal 2025 second-quarter earnings on Wednesday, March 5. The highlight was a 9% rise in net sales to $2.68 billion, largely attributed to its acquisition of Sovos Brands. This acquisition offset some underlying challenges. The quarter exceeded expectations in terms of sales volume, and adjusted earnings per share (EPS) of $0.74, topped consensus expectations of $0.72 but fell 8% year over year, affected by increased interest expenses.
Overall, the company showed growth and potential, but profitability battled operational costs. The company also lowered full-year guidance.
Source: Campbell's. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year. EBIT = Earnings before interest and taxes.
