Campbell Soup (CPB) Q2 Earnings Top Estimates, Sales Drop Y/Y

Campbell Soup Company (CPB) reported decent second-quarter fiscal 2024 results, with the top and the bottom line surpassing the Zacks Consensus Estimate. However, net sales declined year over year while earnings remained unchanged. Management reaffirmed fiscal 2024 outlook. The company expects to conclude acquisition of Sovos Brands, Inc. in March 2024.Quarterly HighlightsAdjusted earnings came in at 80 cents, in line with the year-ago quarter’s figure. The bottom line came ahead of the Zacks Consensus Esti ...