Earnings

Campbell Soup (CPB) earnings Q3 2020

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Cans of Campbell’s Chicken Noodle Soup are seen in a supermarket in New York.

Richard Levine | Corbis News | Getty Images

Campbell Soup raised its full-year profit and sales forecast on Wednesday after beating expectations for third-quarter results as consumers stocked up on soup, pasta sauces and salsa while they stayed at home during the pandemic.

Shares of the company, which have risen 5% this year, were up 2% in pre-market trading.

Demand for packaged foods saw a surge during the lockdowns, as shuttered restaurants and limited take-out options forced people to cook more at home.

The company saw a 6% increase in the number of households that bought its products during the quarter. It said…



Source cnbc.com

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