Campbell’s reports $9.7 billion full-year sales and cost plan

• The Campbell’s Company (NASDAQ:CPB) reported fiscal 2026 full-year net sales of $9.7 billion, down 5% year over year.
• Adjusted EBIT declined 21% to $1.2 billion, while adjusted EPS fell 27% to $2.17.
• The company provided fiscal 2027 guidance, targeting $500 million in cost savings by fiscal 2030 and resetting its dividend to reduce debt.

The Campbell's Company (NASDAQ:CPB) reported fourth quarter fiscal 2026 results with net sales declining 8% to $2.1 billion and full-year sales falling 5% to $9.7 billion compared with fiscal 2025.

The quarterly decline followed a fiscal year impacted by lower sales, with organic sales down 1% in the fourth quarter and down 2% for the full year excluding certain effects.

Campbell’s reported fourth quarter EBIT of $4 million and adjusted EBIT of $242 million, down 25% year over year, while full-year EBIT was $852 million and adjusted EBIT was $1.2 billion, down 21%.

The company reported fourth quarter EPS of negative $0.23 and adjusted EPS of $0.39, while full-year EPS was $1.31 and adjusted EPS was $2.17, with both periods affected by the prior year’s extra week.

Campbell’s stated that it is targeting $500 million in cost savings by fiscal 2030, providing full-year fiscal 2027 guidance, and resetting its dividend to support debt reduction efforts.

The company operates food brands across soups, snacks, and packaged food categories, and completed its La Regina acquisition on May 4, 2026, with the acquired financial results included in its fiscal 2026 reporting.