Earnings in the six months ended 27 January fell to US$430m, a 7.3% decline on last year, the firm reported today (15 February). Excluding restructuring and acquisition-related costs, adjusted net earnings increased 5% to $499m.
EBIT in the period amounted to $686m, down 7.9% on the prior year.
Sales, however, climbed 9.4% to $4.67bn.
Campbell reconfirmed its 2013 fiscal sales growth guidance of between 10-12%, adjusted EBIT of between 4-6% and adjusted EPS of between $2.51 and $2.57.