Campbell Reports Q4 2026 Earnings with Declines in Sales and Adjusted EPS
The Campbell's Company (CPB) reported its fourth-quarter results for fiscal 2026, showing a significant decline across key financial metrics. Net sales dropped by 8% to $2.137 billion due largely to lapping an extra week in the prior year period. Organic net sales also fell by 1%, driven by lower volume and mix effects. Adjusted EBIT declined by 25% to $242 million, while adjusted EPS decreased from $0.62 to $0.39 per share. The company announced a quarterly dividend of $0.25 per share, representing a 36% reduction aimed at accelerating debt repayment. Full-year net sales for fiscal 2026 totaled $9.744 billion, down 5% from the prior year. Campbell also outlined plans to save $500 million by fiscal 2030 through cost-cutting initiatives and announced a new acquisition of La Regina. Looking ahead, management expects continued challenges in FY 2027 with organic net sales guidance between -4% and -2%. Adjusted EPS is projected at $1.65 to $1.80 per share. CFO Todd Cunfer warned that the first quarter for Snacks will be particularly difficult due to high single-digit sales declines, fixed cost deleverage, and ongoing inflationary pressures.
Tickers: $CPB
Topics: cost_savings_programs financial_results sales_performance