Campbell’s says soup sales are soaring—and that’s actually a sign the U.S. economy is in a downturn, data shows

• Campbell’s CEO said there is a “growing preference for home cooked meals.” That could be a canary in the economic coal mine, as people eating out less could impact the GDP. Two consecutive quarters with a reduced GDP signal a recession.

People are opting to eat at home more often these days—and that could be an early warning that a recession is on the horizon.

Campbell’s CEO Mick Beekhuizen, in an earnings call this week, said the company is seeing more people...