NEW YORK ( TheStreet) -- Campbell Soup's ( CPB) first-quarter sales fell 1% to $2.16 billion because of a decrease in promotional spending and a drop in volume.

The food maker said sales of U.S. simple meals declined 3% from a year ago to $874 million, while U.S. soup sales were down 4%.

Campbell Soup's first-quarter earnings fell to $265 million from $279 million a year ago.

Campbell Soup's per-share earnings of 82 cents a share topped analysts' estimates of 79 cents.

The company confirmed 2012 fiscal-year guidance of net sales growth flat to up 2%.

-- Written by Alexandra Zendrian

>To contact the writer of this article, click here: Alexandra Zendrian

>To submit a news tip, send an email to: tips@thestreet.com.

If you liked this article you might like

Watch Out For the Dominoes That Fall: Cramer's 'Mad Money' Recap (Wed 9/20/17)

Cramer: Dominoes Are in Play Today

Goldman Sachs Could Be Another Negative Tell; Takeaways: Doug Kass' Views

We're Still Not Warming Up to Campbell Soup

Walmart Is One of 63 Companies Contributing Massively to Aid Harvey Relief