Campbell Soup Co. shares fell 3.7% in Friday premarket trading after the food company cut its full-year earnings guidance and ousted its CEO. Campbell Soup had a third-quarter net loss of $393 million, or $1.31 per share, after income of $176 million, or 58 cents per share, during the same period last year. Adjusted EPS was 70 cents. Revenue totaled $2.13 billion, up from $1.85 billion, year-over-year. The FactSet consensus was for EPS of 60 cents and sales of $2.13 billion. The company is addressing its challenges, both external and “execution-related,” with “renewed urgency,” said Chief Financial Officer Anthony DiSilvestro in a statement. In addition to quarterly results, Campbell Soup also announced that Chief Executive Denise Morrison is retiring, effective today. The company cut its earnings guidance, and now expects 2018 adjusted EPS to fall 5% to 6% to $2.85 to $2.90, pushed down by the Snyder’s Lance acquisition. The previous guidance was for an adjusted EPS decline of 1% to 3%. The FactSet consensus is for EPS of $3.11. Sales are expected to grow 10% to 11%, up from previous guidance for flat to growth of 1%, also due to the acquisition. Campbell Soup shares are down 18.5% for the year so far while the S&P 500 index is up 1.7% for the period.