Campbell's beats sales and profit estimates due to eat-at-home trend

From Yahoo Finance: 2025-06-02 07:17:00

Campbell’s Co surpasses third-quarter sales and profit estimates as consumers opt for affordable canned food and soups amid economic uncertainty. CEO Mick Beekhuizen notes increased home cooking and budget-conscious spending. The company maintains fiscal 2025 sales growth forecast but expects weaker snacks demand. Net sales rose 4% to $2.48 billion, beating analysts’ estimates. Shares up 1% in early trading.

Read more: Canned soup maker Campbell’s beats estimates as eat-at-home trend boosts demand