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Campbell’s says Q2 performance ‘in line with expectations’

Says weaker Snacks category growth resulted in slightly lower than anticipated top-line. Says 10 out of 16 Leadership Brands held or grew share in Q2. For 2025, sees low-single digit core inflation mitigated by ~3% productivity improvements and ~$120M of enterprise cost savings. Sees 2025 net interest expense $325M-$330M, with CapEx at 4.7% of net sales. Comments taken from Q2 earnings conference call.

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