The Campbell's Company reported financial results for the fourth quarter and full year ended August 2, 2026. For the quarter, net sales decreased 8% to $2.1 billion, with organic sales down 1%.
Key financial metrics for the quarter included:
- Adjusted EBIT decreased 25% to $242 million.
- Adjusted EPS decreased 37% to $0.39 per share.
- Gross profit margin decreased 310 basis points to 27.3%.
For the full fiscal year, net sales decreased 5% to $9.7 billion, with organic sales down 2%. The company reported adjusted EPS of $2.17 for the year.
The company announced a new cost savings program targeting $500 million by fiscal 2030. Campbell's also announced a dividend reset, reducing the quarterly payment to $0.25 per share, an annualized reduction of 36%.
Regarding fiscal 2027 guidance, the company provided the following outlook:
- Net Sales: Decrease of 4% to 2%.
- Organic Net Sales Growth: Decrease of 4% to 2%.
- Adjusted EBIT: Decrease of 12% to 7%.
- Adjusted EPS: Decrease of 24% to 17%, targeting $1.65 to $1.80.
Segment performance for the quarter included Meals & Beverages net sales decreasing 4% and Snacks net sales decreasing 12%.
