Campbell Soup gains after earnings, S&P 500 removal hangs over stock
Campbell’s Company shares edged up before the bell Monday, after the soup and snack firm left its full-year outlook in place and reported earnings a touch above estimates. Sales dipped again, and soft volumes remain a drag for the stock. The last quote had Campbell’s at $21.68, up 12.5 cents from the prior close. Campbell’s has faced pressure after lowering full-year sales and profit outlooks back in March. Snack demand faded, hitting pretzels, chips and other categories, and now investors look for any signal that volumes—unit sales—are no longer falling.