Campbell’s (NASDAQ:CPB) Announces Earnings Results, Beats Estimates By $0.02 EPS

Campbell’s (NASDAQ:CPB) announced its quarterly earnings results on Monday. The company reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02, FiscalAI reports. Campbell’s had a net margin of 6.12% and a return on equity of 18.04%. The business had revenue of $2.37 billion for the quarter. During the same quarter last year, the company posted $0.22 EPS. The firm’s quarterly revenue was down 4.4% on a year-over-year basis. Campbell’s updated its FY 2026 guidance to 2.150-2.250 EPS.

Here are the key takeaways from Campbell’s’ conference call:

• Campbell’s said fiscal 2027 is facing a tougher cost backdrop, with base inflation around 3% before the Middle East conflict and potentially another 2%-3% of incremental inflation if oil stays elevated, driving a possible 5%-6% inflation environment.
• Management expects to rely heavily on productivity, SG&A savings, RGM, and trade-spend optimization to offset pressure, but said price increases are a last resort if those actions are not enough.
• The company is prioritizing portfolio simplification in snacks, including focusing Goldfish on core households with kids, reducing low-volume SKU tails, and concentrating innovation and advertising behind fewer, more meaningful initiatives.
• Snacks margins improved sequentially in Q3, but management said they are still well below target and that salty snacks will likely remain under pressure in the near term while simplification and execution changes take time.
• For Q4, Campbell’s expects meals and beverages to remain a strength, supported by resilient at-home cooking demand, Rao’s recovery after ERP-related disruption, and innovation in soups and sauces; overall net sales are expected to be flattish to slightly up for the quarter.

Campbell’s Stock Up 3.0%

Shares of CPB opened at $22.13 on Wednesday. Campbell’s has a one year low of $19.56 and a one year high of $34.44. The company has a market cap of $6.60 billion, a P/E ratio of 10.96 and a beta of 0.02. The company has a debt-to-equity ratio of 1.53, a current ratio of 0.87 and a quick ratio of 0.51. The firm has a 50 day simple moving average of $20.90 and a two-hundred day simple moving average of $24.82.

Campbell’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 3rd. Shareholders of record on Thursday, July 2nd will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 7.0%. The ex-dividend date is Thursday, July 2nd. Campbell’s’s payout ratio is currently 85.25%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its position in Campbell’s by 23.5% during the first quarter. Parallel Advisors LLC now owns 2,792 shares of the company’s stock valued at $62,000 after purchasing an additional 532 shares in the last quarter. NewEdge Advisors LLC lifted its stake in Campbell’s by 349.1% in the 1st quarter. NewEdge Advisors LLC now owns 104,476 shares of the company’s stock valued at $2,327,000 after purchasing an additional 81,213 shares during the last quarter. Glenmede Trust Co. NA lifted its stake in Campbell’s by 20.2% in the 1st quarter. Glenmede Trust Co. NA now owns 12,551 shares of the company’s stock valued at $280,000 after purchasing an additional 2,105 shares during the last quarter. Kentucky Retirement Systems lifted its stake in Campbell’s by 21.8% in the 1st quarter. Kentucky Retirement Systems now owns 14,825 shares of the company’s stock valued at $330,000 after purchasing an additional 2,652 shares during the last quarter. Finally, Amundi lifted its stake in Campbell’s by 30.5% in the 1st quarter. Amundi now owns 604,436 shares of the company’s stock valued at $13,461,000 after purchasing an additional 141,305 shares during the last quarter. 52.35% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Campbell’s

Here are the key news stories impacting Campbell’s this week:

• Positive Sentiment: Campbell’s reported Q3 adjusted EPS of $0.50, topping the $0.48 consensus, showing earnings held up better than expected. Campbell’s Reports Third Quarter Fiscal 2026 Results
• Positive Sentiment: The company reaffirmed its FY 2026 outlook, signaling management still sees earnings stability even as it works through inflation and demand headwinds. Reuters article on annual forecast
• Neutral Sentiment: Analysts and market coverage highlighted Campbell’s as a defensive, dividend-paying stock, which may be supporting interest from income-focused investors. CPB Stock Slips Premarket After Earnings – But Retail Still Sees Campbell’s As A ‘Defensive Play’
• Neutral Sentiment: Campbell’s updated FY 2026 EPS guidance to $2.15-$2.25, roughly in line with expectations, suggesting limited near-term upside but also no major surprise to the downside. Campbell’s Reports Third Quarter Fiscal 2026 Results
• Negative Sentiment: Revenue came in at $2.37 billion, down 4.4% year over year, with continued weakness in snacks and softer consumer demand weighing on growth. Campbell’s Sales Fall on Continued Weak Demand for Snacks
• Negative Sentiment: Bank of America cut its price target to $18 and kept an underperform rating, reflecting skepticism about the stock’s near-term upside after the earnings report. Benzinga report on price target cut

Analyst Ratings Changes

A number of research analysts recently commented on CPB shares. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Campbell’s from $23.00 to $20.00 and set a “hold” rating on the stock in a research note on Monday, March 30th. BNP Paribas Exane decreased their target price on shares of Campbell’s from $22.00 to $19.00 and set an “underperform” rating on the stock in a research report on Thursday, April 9th. Morgan Stanley decreased their target price on shares of Campbell’s from $23.00 to $21.00 and set an “equal weight” rating on the stock in a research report on Friday. Jefferies Financial Group restated a “hold” rating and set a $26.00 target price on shares of Campbell’s in a research report on Monday, March 2nd. Finally, Stephens lowered shares of Campbell’s from an “overweight” rating to an “equal weight” rating and decreased their target price for the stock from $28.00 to $21.00 in a research report on Monday, June 1st. Thirteen equities research analysts have rated the stock with a Hold rating and seven have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average target price of $21.88.

Campbell’s Company Profile

Campbell’s (NASDAQ: CPB) is a leading manufacturer of shelf-stable foods and beverages, best known for its iconic soups and broths. Headquartered in Camden, New Jersey, the company offers a diverse portfolio of products designed to meet consumer demand for convenient, affordable meals and snacks. Since its founding in 1869, Campbell’s has grown through a combination of organic innovation and strategic acquisitions to expand its presence in the food industry.

The company’s brand portfolio includes Campbell’s Condensed Soups, V8 juices, Prego pasta sauces, Swanson broths and stocks, Pace salsas and dips, and Pepperidge Farm baked snacks.