While reporting financial results for the second quarter on Wednesday, Campbell's Co. (CPB) trimmed its adjusted earnings and organic net sales guidance for the full-year 2026, based on first half results, current operating environment and a more cautious view for the balance of the year.
The guidance is driven by the near-term outlook for the company's Snacks business and select incremental trade investments.
For fiscal 2026, the company now projects adjusted earnings in a range of $2.15 to $2.25 per share on organic net sales decline of 2 to 1 percent.
Previously, the company expected adjusted earnings in the range of $2.40 to $2.55 per share on organic net sales between down 1 percent and up 1 percent.
In Wednesday's pre-market trading, CPB is trading on the Nasdaq at $23.47, down $1.21 or 4.90 percent.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.