Campbell’s (NASDAQ:CPB) Releases Earnings Results

Campbell’s (NASDAQ:CPB) posted its earnings results on Thursday. The company reported $0.39 earnings per share (EPS) for the quarter, FiscalAI reports. Campbell’s had a return on equity of 18.04% and a net margin of 6.12%.The company had revenue of $2.14 billion for the quarter.

Here are the key takeaways from Campbell’s’ conference call:

• Fiscal 2026 results remained weak: Q4 organic net sales fell 1%, adjusted EBIT declined 25%, and adjusted EPS dropped 37% to $0.39, with nearly 6% cost inflation weighing on margins.
• Campbell’s expects another difficult year, forecasting fiscal 2027 organic sales down 2%–4%, adjusted EBIT down 7%–12%, and adjusted EPS of $1.65–$1.80, a 17%–24% decline; first-quarter adjusted EBIT margin is expected to be approximately 10%.
• Management launched a $500 million enterprise-wide savings program targeted for completion by fiscal 2030, alongside plant closures, a 13% salaried workforce reduction, pricing actions, and productivity initiatives intended to rebuild margins and cash flow.
• The quarterly dividend was reduced 36% to $0.25 per share, expected to save approximately $170 million annually for debt reduction; leverage stood at 4.3 times net debt to adjusted EBITDA, with management targeting roughly three times.
• Meals and beverages showed relative strength, with Q4 organic sales up 3% and consumption growth in broth, Rao’s, and semi-scratch cooking, while new product launches and increased marketing support for Rao’s, Goldfish, Campbell’s, and Pepperidge Farm are intended to support a longer-term recovery.

Campbell’s Price Performance

Shares of CPB stock opened at $23.78 on Thursday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.38 and a current ratio of 0.87. Campbell’s has a fifty-two week low of $19.56 and a fifty-two week high of $34.17. The firm has a market cap of $7.09 billion, a P/E ratio of 11.77, a P/E/G ratio of 2.41 and a beta of 0.03. The business’s 50 day moving average price is $22.76 and its 200-day moving average price is $22.41.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Royal Bank Of Canada reissued a “sector perform” rating and set a $21.00 price objective on shares of Campbell’s in a research note on Monday. TD Cowen lifted their target price on shares of Campbell’s from $20.00 to $22.00 and gave the stock a “hold” rating in a research note on Wednesday, August 19th. Bank of America lowered their price target on shares of Campbell’s from $20.00 to $18.00 and set an “underperform” rating for the company in a report on Tuesday, June 9th. JPMorgan Chase & Co. increased their price target on shares of Campbell’s from $20.00 to $22.00 and gave the company a “neutral” rating in a research report on Tuesday, August 18th. Finally, William Blair began coverage on shares of Campbell’s in a report on Tuesday, June 23rd. They issued a “market perform” rating on the stock. Thirteen investment analysts have rated the stock with a Hold rating and six have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $20.44.

Campbell’s News Summary

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: The quarter included a full contribution from the La Regina acquisition, completed May 4, 2026, which expands Campbell’s results and may support longer-term growth. Campbell’s Reports Fourth Quarter Fiscal 2026 Results
• Neutral Sentiment: Campbell’s reported $0.39 in quarterly EPS on $2.14 billion of revenue, with an 18.04% return on equity and a 6.12% net margin. The figures provide a current performance baseline, but the supplied reports do not include year-over-year comparisons or a clear earnings surprise. Campbell’s Reports Fourth Quarter Fiscal 2026 Results
• Neutral Sentiment: Royal Bank of Canada assigned CPB a “Sector Perform” rating, indicating limited expected outperformance relative to the packaged-food sector. Campbell’s Earns Sector Perform Rating
• Negative Sentiment: Management said fiscal 2026 results reflected weaker sales momentum and inflation-related margin headwinds. Those pressures are especially important for a packaged-food company because they can constrain profitability and make it harder to grow earnings. Campbell’s Reports Fourth Quarter Fiscal 2026 Results
• Negative Sentiment: Investors bought 29,429 CPB put options, roughly 240% above average daily volume, signaling increased demand for downside protection or bearish speculation ahead of earnings. Campbell’s Faces Challenging Packaged-Food Environment

Institutional Trading of Campbell’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp boosted its holdings in Campbell’s by 1.3% in the second quarter. State Street Corp now owns 11,960,359 shares of the company’s stock valued at $366,585,000 after acquiring an additional 149,679 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Campbell’s by 23.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,231 shares of the company’s stock worth $228,026,000 after purchasing an additional 1,933,814 shares during the period. Invesco Ltd. lifted its position in shares of Campbell’s by 21.6% in the 4th quarter. Invesco Ltd. now owns 9,719,409 shares of the company’s stock worth $270,880,000 after purchasing an additional 1,723,676 shares during the period. California State Teachers Retirement System boosted its stake in shares of Campbell’s by 2,093.8% during the 2nd quarter. California State Teachers Retirement System now owns 4,981,665 shares of the company’s stock valued at $110,942,000 after purchasing an additional 4,754,582 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Campbell’s by 534.8% during the 3rd quarter. Two Sigma Investments LP now owns 4,937,170 shares of the company’s stock valued at $155,916,000 after purchasing an additional 4,159,398 shares in the last quarter. Hedge funds and other institutional investors own 52.35% of the company’s stock.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.