Overview

• Adjusted EPS came in at $0.62 versus $0.56 expected, while revenue was $2.32 billion versus a $2.33 billion consensus, with organic net sales down 3%.
• Adjusted gross margin fell 90 basis points to 30.5% and adjusted EBIT declined 2% to $321 million due to cost inflation and higher marketing and selling.
• Fiscal 2026 guidance calls for $10.035–$10.240 billion in sales, a 9%–13% decrease in adjusted EBIT, and EPS of $2.40–$2.55.
• Management said roughly two-thirds of the expected EPS decline stems from tariffs, with gross duties near 4% of cost of products sold and plans to offset about 60% of that burden.
• Campbell reported about $145 million in realized savings and raised its target to $375 million by fiscal 2028, while citing momentum in Meals & Beverages and persistent softness in Snacks.