Consumer
Campbell’s Profit Beats, Driven by Snacks Unit’s Cookie Sales
Campbell Co.’s Pepperidge Farm brand Milano cookies.
Photographer: Daniel Acker/Bloomberg
Campbell’s Co.’s earnings beat estimates as Milano cookies helped its snacks business outperform.
Adjusted earnings per share of 62 cents topped the 56-cent estimate. The Pepperidge Farm owner’s organic snack sales declined 2% in the quarter, less than half the rate analysts anticipated.