Campbell's Q4 sales miss; forecasts lower FY27 sales versus prior year

Campbell's

03/09/2026 12:27

Overview
U.S. packaged foods maker's Q4 sales fell 8%, missing analyst expectations
Adjusted EPS for Q4 met analyst expectations; adjusted EBIT slightly beat estimates
Company cut dividend by 36% and launched $500 mln cost savings program

Outlook
Campbell's sees FY27 net sales down 4% to 2% from prior year
Company expects FY27 adjusted EPS of $1.65 to $1.80
Campbell's expects external environment to remain volatile and inflation to stay elevated in FY27

Result Drivers
INFLATION AND SUPPLY CHAIN COSTS - Co said cost inflation and other supply chain costs, including tariffs, drove margin declines
EXTRA WEEK IMPACT - Co said prior year's extra week had significant negative impact on sales and adjusted EBIT comparisons
SNACKS SEGMENT DECLINE - Co said Snacks segment sales and earnings fell due to unfavorable volume/mix and cost inflation

Company press release: ID:nBw3m7B6ja

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Sales
Miss
$2.1 bln
$2.15 bln (16 Analysts)
Q4 Adjusted EPS
Meet
$0.39
$0.39 (17 Analysts)
Q4 Loss Per Share
 
$0.23
 
Q4 Gross Margin
 
27.30%
 
Q4 Adjusted EBIT
Slight Beat*
$242 mln
$241.81 mln (13 Analysts)
Q4 Adjusted Gross Margin
 
28.60%
 
Q4 Adjusted Gross Profit
 
$611 mln
 
Q4 EBIT
 
$4 mln
 
Q4 Gross Profit
 
$583 mln
 
*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 13 "hold" and 7 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Campbell's Co is $20.00, about 15.9% below its September 2 closing price of $23.78
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 10 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)