Sep 17, 4:09 PM ET
Campbell's entered into an extension agreement effective September 16, 2026, that pushes the maturity of its $1.85 billion five-year credit facility from April 16, 2030 to April 16, 2031. All other terms of the credit agreement remain in effect, so the change is administrative and extends the timing of the company's borrowing commitment.
- Credit agreement maturity extended from April 16, 2030 to April 16, 2031
- Facility size is $1.85 billion; original agreement dated April 16, 2024, with JPMorgan Chase Bank, N.A. as administrative agent
- All other terms remain in full force and effect; amendment filed as Exhibit 10.1
Read the filing on SEC.gov ↗
Sep 3, 7:17 AM ET
Campbell's reported fourth-quarter fiscal 2026 net sales down 8% to $2.1 billion and a GAAP loss of $0.23 per share, compared with earnings of $0.48 a year earlier. Adjusted EPS fell 37% to $0.39, and the board cut the quarterly dividend 36% to $0.25 per share to speed debt reduction. For fiscal 2027, the company guided to adjusted EPS of $1.65 to $1.80, versus $2.17 in fiscal 2026.
- Q4 net sales fell 8% to $2.1 billion (organic down 1%); GAAP EPS was a loss of $0.23 versus $0.48, and adjusted EPS fell 37% to $0.39.
- Quarterly dividend cut to $0.25 per share from $0.39, a 36% reduction, payable November 2, 2026 to holders of record on October 1, 2026.
- Fiscal 2027 guidance: net sales down 4% to 2%, adjusted EBIT down 12% to 7%, adjusted EPS $1.65 to $1.80 versus $2.17.
- New cost savings program targets $500 million in total savings by fiscal 2030.
Read the filing on SEC.gov ↗
Jun 17, 4:38 PM ET
Campbell's said Executive Vice President and Chief Enterprise Transformation Officer Daniel L. Poland will step down from his current role effective August 3, 2026. He will stay with the company to help transition his responsibilities until January 10, 2027.
- Daniel L. Poland steps down from his current role effective August 3, 2026
- Poland remains with the company to assist with the transition until January 10, 2027
- The filing does not name a successor or give reasons for the change
Read the filing on SEC.gov ↗
Jun 8, 7:17 AM ET
Campbell's reported third-quarter fiscal 2026 net sales of $2.4 billion, down 4% on both a reported and organic basis, and adjusted EPS of $0.50, down 32% from $0.73. GAAP EPS rose to $0.41 from $0.22, largely because the prior-year quarter included a $150 million impairment charge. The company reaffirmed its full-year fiscal 2026 guidance for organic net sales, Adjusted EBIT and Adjusted EPS, so shareholders see weaker underlying profit this quarter but no change to the outlook.
- Net sales were $2,366 million versus $2,475 million a year earlier, a 4% decline, with volume/mix down 5% and net price realization up 1%.
- Adjusted gross profit margin fell 240 basis points to 27.7%, driven mainly by cost inflation, supply chain costs and tariffs.
- Full-year fiscal 2026 guidance was reaffirmed: Adjusted EPS of $2.15 to $2.25, a 23% to 26% decline from fiscal 2025.
- Cash flow from operations for the nine months was $839 million, compared with $872 million a year earlier; the company paid $380 million to shareholders year-to-date, mainly through dividends.
Read the filing on SEC.gov ↗
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