The Campbell's Company (CPB) FY2026 earnings

Reported results

• Full-year net sales (GAAP) decreased 5% to $9.7 billion; organic net sales decreased 2%.
• Full-year EBIT (GAAP) decreased to $852 million from $1.124 billion; adjusted EBIT decreased 21% to $1.181 billion.
• Full-year diluted EPS (GAAP) decreased to $1.31 from $2.01; adjusted diluted EPS decreased 27% to $2.17.
• Cash flow from operations for the full fiscal year was $1.0 billion.
• Board approved quarterly dividend reset to $0.25 per share (annualized $1.00), down 36% from prior quarterly dividend of $0.39 per share.
• New enterprise-wide cost savings program targeting $500 million in savings by fiscal 2030, with approximately $225 million already achieved under prior $375 million program.

Guidance

• Full-year fiscal 2027 net sales guidance: (4)% to (2)% decline
• Full-year fiscal 2027 organic net sales growth guidance: (4)% to (2%)
• Full-year fiscal 2027 adjusted EBIT guidance: (12)% to (7%)
• Full-year fiscal 2027 adjusted EPS guidance: $1.65 to $1.80

Notes

La Regina acquisition was completed on May 4, 2026, and is fully consolidated into fiscal 2026 results. Fiscal 2026 had 52 weeks compared to fiscal 2025 which had 53 weeks (extra week estimated to have 2% impact on full-year net sales and adjusted EPS, 7% impact on Q4). Impairment charges of $117 million recognized on Cape Cod and Kettle Brand trademarks in Q4 fiscal 2026. Company notes non-GAAP reconciliation for fiscal 2027 guidance is not provided as it cannot reasonably estimate impacts of items such as pension actuarial gains/losses.

Price and volatility reaction

The stock moved -6.9% on the print. No front-expiry chain was on file, so there is no straddle expected move. 30-day ATM implied volatility moved +2.4 vol points across the event (constant-maturity series — not the front-week crush).

Source

The figures above come from the earnings release the company filed with the SEC on 2026-09-03 (8-K, Item 2.02). Read the original filing on sec.gov.