Camden, NJ-based Campbell Soup Co. (NYSE: CPB) reported that its second quarter adjusted earnings per share increased 17% year-on-year. This reflected an increase in adjusted EBIT and lower adjusted net interest expense.
Net sales, both reported and organic, rose 5% to $2.28 billion driven by gains in both Meals & Beverages and Snacks.
Campbell said it remains on track to deliver annualized savings of $850 million by the end of fiscal 2022.
Campbell reported results for its second-quarter fiscal 2021, ended Jan. 31, on Mar. 10. Click here to see full report.