Campbell’s Earnings Beat Expectations. Why the Stock Is Dropping. - Barron's
1. Campbell's reported a fiscal Q2 sales miss of $2.69 billion. 2. Adjusted earnings of 74 cents surpassed forecasts but sales underperformed. 3. Fiscal-year guidance cut to $2.95 to $3.05 from $3.12 to $3.22. 4. Expected net sales growth reduced to 6%-8% from 9%-11%. 5. Potential import tariffs and trade uncertainties not reflected in the guidance.