The Campbell’s Company (NASDAQ:CPB) reported second-quarter fiscal 2026 results on Wednesday, revealing a challenging operating environment that prompted management to update its full-year guidance.
Net sales for the quarter ended February 1, 2026, decreased 5% to $2.6 billion, while organic net sales—which strip out the impact of divestitures and acquisitions—declined 3%.
The company’s profitability took a notable hit during the period.
Adjusted Earnings Before Interest and Taxes (EBIT) fell 24% to $282 million, and adjusted Earnings Per Share (EPS) dropped 31% to $0.51.
Management attributed a significant portion of the quarterly miss to severe January storms, which caused widespread shipment delays and spiked associated supply chain costs.
These weather-related disruptions alone impacted net sales by approximately 1% and reduced adjusted EBIT by $14 million, or $0.04 per share.
Despite the operational headwinds, Campbell’s maintained a steady pace of capital return.
For the fiscal year-to-date, the company generated $740 million in cash flow from operations and returned $263 million to shareholders.