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Campbell Soup Sees 71% Jump in Profit on Increased Snack Sales

August 24, 2023
in Trade Tube
Reading Time: 1 min read
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Shares of Campbell Soup are climbing after the company reported fiscal second-quarter earnings that beat Wall Street expectations and profit that jumped 71%. Campbell reported earnings of $1.04 a share, excluding items, up from 70 cents a share in the same period last year. Analysts were expected earnings of 73 cents a share, according to Thomson Reuters. Sales rose 5.5% during the period to $2.28 billion. Campbell saw the biggest sales increase in its global baking and snacking division, where sales jumped 14%.

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