Campbell Soup misses profit, sales estimates; trims sales forecast

May 19, 2017 (Reuters) – Campbell Soup Co reported lower-than-expected quarterly sales and profit, hurt by higher promotions and weak demand for condensed soups, broths and V8 vegetable juices, and warned that its full-year sales could decline. Shares of the company, which also sells Pepperidge Farm snacks and Prego pasta sauce, fell as much as 5.16 percent to $54 before the bell on Friday. The company said it expects sales to be flat to down 1 percent compared with its prior forecast of flat to up 1 percent. Campbell, however,…

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