Campbell's (CPB) reported fiscal Q3 adjusted earnings Monday of $0.50 per diluted share, down from $0.73 a year earlier.

Analysts polled by FactSet expected $0.48.

Net sales for the quarter ended May 3 were $2.37 billion, compared with $2.48 billion a year earlier.

Analysts expected $2.38 billion.

The company continues to expect fiscal 2026 adjusted EPS of $2.15 to $2.25. Analysts expected $2.17.

Shares of Campbell's were up more than 3% premarket Monday.