Campbell Soup Co. said today (30 June) that it expects underlying earnings to be at the “upper end” of its forecast for its 2008 fiscal year.

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The company said adjusted net earnings per share for the 12 months to 3 August would grow by the upper end of its 5-7% forecast.


Campbell, which is hosting investors at its headquarters tomorrow, also announced a US$1.2bn share buyback programme.


President and CEO Doug Conant said the share scheme reflects the “ongoing confidence” the company in its long-term growth prospects.

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