Campbell's cuts fiscal 2026 outlook as Q2 adjusted EPS falls 31%
Campbell's reported second quarter fiscal 2026 results for the quarter ended February 1, 2026, with net sales down 5% to $2.6 billion and adjusted EPS down 31% to $0.51. The company lowered its full-year fiscal 2026 guidance, now expecting adjusted EPS of $2.15 to $2.25 versus the prior $2.40 to $2.55, citing its Snacks business and a more cautious view for the rest of the year. The lower guidance reduces the earnings outlook for shareholders.
- Net sales fell 5% to $2.6 billion; organic net sales fell 3%.
- GAAP diluted EPS was $0.48 versus $0.58; adjusted EPS was $0.51 versus $0.74.
- Full-year fiscal 2026 adjusted EPS guidance was lowered to $2.15 to $2.25 from $2.40 to $2.55.
- Snacks segment operating earnings fell 39% to $67 million; January storm-related delays reduced adjusted EPS by about $0.04 in the quarter.