Stock of The Campbell's Company (CPB) is moving down about 6 percent during Wednesday morning trading following the announcement of its second-quarter financial results, which saw a decline in earnings to $145 million, or $0.48 per share, from last year's $173 million, or $0.58 per share.
The company's stock is currently trading at $23.20, down 6.00 percent or $1.49, over the previous close of $24.68 on the Nasdaq. It has traded between $23.27 and $40.59 in the past one year.
Additionally, the company trimmed its adjusted earnings and organic net sales guidance for the full-year 2026, expecting 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.
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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.