Campbell's Co lowered its annual sales and profit forecasts on Wednesday, signaling weak demand for snacks and intense competition from cheaper private-label brands. The company's shares fell 4% to $38.

KEY TAKEAWAYS Campbell’s shares are sinking after the snack and soup maker posted a decline in its quarterly results and cut its full-year outlook on the back of soft demand for its snack foods.The maker of snacks such as Goldfish crackers and Kettle chips said its fiscal 2025 second-quarter net sales dropped 2%.

Canned soup products maker The Campbell’s Company (NASDAQ:CPB) shares are trading lower in premarket on Wednesday. The company reported second-quarter sales growth of 9% to $2.685 billion, missing the analyst consensus estimate of $2.

Campbell's Co lowered its annual sales and profit forecasts on Wednesday, signaling weak demand for snacks amid intense competition from cheaper private-label brands.