CAMDEN, N.J. ( TheStreet) -- Campbell Soup ( CPB) said fiscal first-quarter earnings fell 8% and sales fell 1% on increased promotional spending. Net earnings for the quarter were $279 million, or 82 cents a share, compared with $304 million, or 87 cents a share, a year earlier. Sales fell to $2.172 billion. Analysts were expecting earnings of 83 cents a share on sales of $2.2 billion. Campbell Soup said U.S. soup sales fell 5% in the quarter, while U.S. beverage sales jumped 10%. The company reiterated its 2011 guidance. -- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.