Campbell's is set to report a 13% year-over-year decline in Q3 earnings per share (EPS), even as revenue growth from the Sovos acquisition and Rao's strong performance offer some positive news. However, the company's struggles in the snacks segment and increased spending on advertising and promotions are putting pressure on its EBIT margins. Additionally, organic sales are trending negatively due to issues with product mix and price realization, contributing to concerns about long-term financial stability.
Despite some revenue growth driven by Sovos and Rao's strong volumes, Campbell's is expected to see a 13% year-over-year decline in Q3 EPS.
Ongoing weaknesses in the snacks category and higher advertising and promotional spending are exerting downward pressure on EBIT margins for Campbell's.
Campbell's organic sales trends are still negative due to challenges with product mix and issues with price realization affecting overall financial performance.
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