India, March 5 -- Campbell Soup Co. (CPB), while reporting weak second-quarter profit, but above market estimates, on Wednesday lowered its fiscal 2025 forecast below the Street.
In pre-market activity on the Nasdaq, the shares were losing around 5.5 percent to trade at $38.12.
For fiscal 2025, the company now projects adjusted earnings per share of $2.95 to $3.05, or approximately down 4 percent to down 1 percent from prior year's $3.08.
Net sales growth is projected to be around 6 percent to 8 percent, while organic net sales expected to be in the range of down 2 percent to flat.
The Wall Street analysts on average expect the company to report earnings of $3.12 per share on sales growth of 8.02 percent. Analysts' estimates typically e...