Campbell's Q2 adjusted EPS $0.74, -8% YoY; cuts full-year guidance on snacking softness

CAMPBELL'S Co

2025-Q2 EPS reported $1.30 vs consensus $0.66 ▲ beat (+96.2%)

Net sales +9% to $2.7B, organic -2%; adjusted EBIT +2% to $372M.
Full-year adjusted EPS guidance cut to $2.95-$3.05 from $3.12-$3.22.
Organic net sales guidance lowered to (2)%–0% from 0%–2%.
Snacks segment organic sales -3%; CEO cites category softness; noosa divested Feb 24.
Cost savings program increased to $120M; cash from ops $737M YTD; $283M returned to shareholders.

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