Packaged food firm Campbell's reaffirms annual forecast on weak consumer spending

Campbell's Co kept its annual outlook unchanged after cutting it months earlier, signaling that cautious U.S. consumer spending continues to weigh on demand. The update points to ongoing pressure on packaged foods volumes rather than a new deterioration. Impact is likely limited to Campbell's shares and the consumer staples group.

Analysis

Campbell's Co kept its annual outlook unchanged after cutting it months earlier, signaling that cautious U.S. consumer spending continues to weigh on demand. The update points to ongoing pressure on packaged foods volumes rather than a new deterioration. Impact is likely limited to Campbell's shares and the consumer staples group.