Campbell's quarterly net sales fell short of estimates, but adjusted earnings per share exceeded projections. The company maintained its annual growth targets despite navigating uneven consumer demand. Mick Beekhuizen will become Campbell's CEO in 2025 as Mark Clouse retires to join the NFL’s Washington Commanders. Beekhuizen joined Campbell in 2019 and played a key role in the Sovos Brands acquisition. Campbell focuses on its sixteen core brands to navigate consumer trends and competition from private-label products. Shares fell 4% in extended trading.
