- Campbell Soup Co raised its annual sales forecast and lifted the lower end of its earnings outlook.
- Americans are still snacking on Campbell's cookies and salty snacks while a continued preference for cooking at home has further bolstered demand.
- U.S. soup sales rose 7% in the second quarter, though facing growing competition from cheaper private-label counterparts for soups and broth.
- Strong demand for Campbell's snack brands drove a 15% jump in the snacks division's organic sales.
Campbell Soup lifts sales outlook as Americans keep snacking
Campbell Soup Co raised its annual sales forecast after topping Wall Street estimates for quarterly results on Wednesday, as inflation-weary Americans turn to its condensed soups, ready-to-serve meals and snacks to stock their pantries.
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