Campbell down after forecasting annual sales below estimates

Campbell's

03/09/2026 12:25

** Shares of packaged food maker Campbell CPB.O down about 9% at $21.60 premarket
** Co forecasts annual sales below estimates, hurt by weak demand for its pricier snacks and pantry condiments amid macroeconomic uncertainties
** Expects FY27 net sales to decline between 2% and 4% vs estimates of a 0.8% fall - data compiled by LSEG
** Sees annual adjusted EPS between $1.65 and $1.80, below estimates of $1.86
** Reports 8% fall in Q4 revenue to $2.14 billion vs estimates of a 7.6% decline to $2.15 billion
** Logs 37% decline in quarterly adjusted EPS to 39 cents
** Cuts quarterly dividend to 25 cents for Q4 from 39 cents previously to accelerate its debt-reduction efforts
** As of last close, stock down ~15% YTD

 (Reporting by Sanskriti Shekhar in Bengaluru)
 ((Sanskriti.Shekhar@thomsonreuters.com))