Campbell Soup Co. (CPB) on Wednesday reported fiscal second-quart൲er net sales and adjusted earnings per share that narrowly beat expectations.

The company posted $2.46 billion in net sales, about 1% below last year's $2.49 billion and just above analyst expectations compiled by Visible Alpha.

Campbell's adjusted earnings per share of 80 cents beat analyst estimates of 77 cents. The company also noted that through the first two quarters of the fiscal year, it has paid about $224 million in 澳洲幸运5官方开奖结果体彩网:dividends and repurchased about $2🔜9 million of🦂 its own stock.

The Campbell's Soup maker reported sales in the second quarter decreased about 2% from the year-ago period for its Meals & Beverages segment, while demand stayed flat among its snack brands like Goldfish and Snyder's of Hanover pretzels.

Last August's announced 澳洲幸运5官方开奖结果体彩网:$2.7 billion acquisition of Sovos Brands (SOVO), the owner of Rao's pasta sauce and other products, is expected to be completed next week, Campbell said. It affirmed its full-year fiscal 2024 guidance of adjusted EPS between $3.09 and $3.15, and said it will be upꦿdatജing its outlook for the combined business with third-quarter earnings.

“We are excited about the anticipated completion of the acquisition of Sovos Brands which will bring incremental growth to our Meals & Beverages division and continue the transformation of our highly advantaged portfolio," Campbell CEO Mark Clouse said.

Sไhares of Campbell were little changed at $42.93 as of noon ET. They are ꧟down nearly 19% over the past year.