Jinbao Company Q2 results miss expectations, lowers full-year profit guidance

格隆汇 March 11｜US food retailer Campbell announced its second quarter results, with revenue of $2.6 billions, slightly below analysts' expectations of $2.61 billions; adjusted EBIT fell 24% year-on-year to $282 millions, and adjusted earnings per share were $0.51, also below analysts' expectations of $0.57. Looking ahead, the company lowered its full-year guidance to reflect a more cautious outlook for the remainder of the year due to weak performance in the first half and the current operating environment. The company now expects full-year adjusted earnings per share to be between $2.15 and $2.25, lower than the previous forecast of $2.4 to $2.55 and also below the consensus estimate of $2.41.