Why Is Campbell Soup Stock Ticking Higher Today?



Campbell Soup Company (NYSE:CPB) reported a second-quarter FY24 decline of 1.2% year-on-year to $2.46 billion, beating the analyst consensus estimate of $2.44 billion.

Net sales from the Meals & Beverages segment, both reported and organic, decreased 2%, and the Snacks segment was flat.

Gross margin expanded 110 basis points Y/Y to 31.6%. Adjusted EBIT of $364 million increased by …

Full story available on Benzinga.com


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