The company said it’s seen a deceleration of volume across snack categories.

Campbell is acquiring the company for $2.7 billion.

The company sees challenges continuing through early fiscal 2024.

The price for the deal is approximately $2.7 billion.

The condensed soup offerings are initially available in cream of mushroom and cream of chicken flavors.

Net sales rose 5% in the quarter due to a 12% gain in snacks.

Pasta, Mexican sauce brands are potential acquisition targets.

Net earnings increased 9% in the second quarter despite volume declines.

The company has a three-year pipeline of new products in development.

Carrie Anderson previously worked at a medical technology company.