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Campbell’s Beats Fiscal Q2 Sales Expectations, Challenges Persist

Campbell’s Beats Fiscal Q2 Sales Expectations, Challenges Persist

Incremental sales from CPB’s Pacific Foods acquisition and favorable currency rates supported the company’s top line growth rate. Organic sales fell 2% on a YoY basis, reflecting lower volumes. Campbell’s net sales in the Americas Simple Meals and Beverages segment fell 2%, reflecting continued falls in soup and V8 beverage sales partially offset by benefits from the acquisition of Pacific Foods.