Every material Form 8-K The Campbell's has filed with the SEC since December 03, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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
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.
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
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.
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.
Campbell's reported first-quarter fiscal 2026 results for the quarter ended November 2, 2025. Net sales fell 3% to $2.7 billion and EBIT fell 8% to $336 million, while GAAP EPS fell 10% to $0.65 and adjusted EPS fell 13% to $0.77. The company reaffirmed its full-year fiscal 2026 guidance and agreed to acquire a 49% interest in La Regina, the maker of Rao's pasta sauces, for $286 million.
Net sales were $2.7 billion, down 3%; organic net sales fell 1%, mainly from lower volume and mix.
Adjusted EPS was $0.77 versus $0.89 a year earlier; GAAP EPS was $0.65 versus $0.72.
Full-year fiscal 2026 guidance was reaffirmed, including adjusted EPS of $2.40 to $2.55.
The La Regina deal totals $286 million, is expected to close in the second half of fiscal 2026, and is expected to be neutral to fiscal 2026 adjusted EPS guidance.
Campbell's subsidiaries signed agreements on December 8, 2025 to acquire 49% stakes in La Regina, the company that currently produces all of Campbell's Rao's tomato-based pasta sauces. The total consideration is $286 million, with $146 million due in cash at closing and $140 million due on the first anniversary of closing, payable in cash or unregistered Campbell's shares at the company's discretion.
Total consideration is $286 million: $146 million in cash at closing and a $140 million second tranche due on the first anniversary of closing
Campbell's may pay the second tranche in cash or in unregistered shares, capped at 19.9% of outstanding capital stock
Remaining 51% stake is subject to call and put options, with the total equity consideration capped at $140 million
Deal is subject to customary closing conditions and has a long-stop outside date of June 8, 2026
Campbell's said Todd E. Cunfer, most recently CFO of Freshpet, will become Executive Vice President and Chief Financial Officer on October 20, 2025. Carrie L. Anderson, the current CFO, is leaving the role on the same date and is entitled to severance under company plans. A CFO change is a significant leadership event, and the filing details Cunfer's pay package.
Todd E. Cunfer, 61, named EVP and CFO effective October 20, 2025; previously CFO of Freshpet from December 2022
Base salary of $725,000; fiscal 2026 target bonus of 90% of base salary and long-term incentive target of 225% of base salary
One-time grant of $1,600,000 in time-lapse restricted stock units plus a $1,200,000 cash payment to offset forfeited awards from prior employer
Carrie L. Anderson leaving the CFO role effective October 20, 2025, with severance under existing company plans
Campbell's appointed Kelly L. Palumbo as Senior Vice President, Controller and Chief Accounting Officer, effective September 22, 2025, replacing Stanley Polomski, who is moving to a different role. The filing describes a routine change in the company's principal accounting officer, with compensation details disclosed for the new role.
Stanley Polomski, Senior Vice President and Controller, will transition to Senior Vice President, Business Process Optimization, effective September 22, 2025
Kelly L. Palumbo, 51, most recently served as Corporate Vice President, Finance and Corporate Controller at Charles River Laboratories since July 2023
Palumbo's base salary is $410,000 per year, with a fiscal 2026 target annual bonus of 55% of base salary and a long-term incentive target of 110% of base salary
Palumbo receives a one-time grant of restricted stock units valued at $200,000 and a cash payment of $300,000
Campbell's reported fourth-quarter fiscal 2025 net sales up 1% to $2.3 billion, but organic net sales fell 3% and adjusted EPS fell 2% to $0.62. The company guided fiscal 2026 adjusted EPS to $2.40 to $2.55, down 12% to 18% on a comparable 52-week basis, citing tariff-related cost pressures, so shareholders face lower expected earnings next year.
Q4 net sales rose 1% to $2.3 billion; organic net sales decreased 3%; adjusted EBIT fell 2% to $321 million.
Fiscal 2026 adjusted EPS guidance is $2.40 to $2.55, down (18)% to (12)% versus the 52-week base of $2.91.
Full-year GAAP EPS rose to $2.01 from $1.89, while full-year adjusted EPS fell 4% to $2.97.
Cost savings target raised 50% to $375 million by the end of fiscal 2028 from $250 million.
Campbell's entered an Extension Agreement on August 5, 2025 that pushes the maturity of its $1.85 billion five-year credit agreement out one year, from April 16, 2029 to April 16, 2030. All other terms of the credit agreement remain in effect, so the change extends the company's borrowing runway without altering the facility's other conditions.
On July 17, 2025, Campbell's board elected Mary Alice Dorrance Malone, Jr. as a director, serving until the 2025 annual shareholder meeting. She was also named to the Compensation and Organization Committee and the Finance and Corporate Development Committee. The filing describes a routine board addition and does not report any financial results or guidance.
Board elected Mary Alice Dorrance Malone, Jr. as a director on July 17, 2025, effective the same date.
Malone, Jr. will serve until the 2025 annual shareholder meeting and until a successor is elected and qualified.
She joins the Compensation and Organization Committee and the Finance and Corporate Development Committee.
She will receive a pro-rated Board retainer under the 2025 non-employee director compensation program.
Campbell's reported third-quarter fiscal 2025 results for the quarter ended April 27, 2025. Net sales rose 4% to $2.5 billion, but GAAP diluted EPS fell 50% to $0.22 after a $150 million non-cash impairment charge on the Snyder's of Hanover trademark. The company reaffirmed its full-year guidance but said adjusted EPS is now expected at the low end of the $2.95 to $3.05 range, and tariffs could add up to $0.03 to $0.05 per share in headwinds.
Net sales rose 4% to $2.5 billion, while organic net sales rose 1%; adjusted EBIT rose 2% to $362 million.
GAAP EPS was $0.22 versus $0.44; adjusted EPS fell 3% to $0.73 from $0.75.
Full-year fiscal 2025 adjusted EPS guidance of $2.95 to $3.05 was reaffirmed, now expected at the low end due to a slower Snacks recovery.
Snacks organic net sales fell 5%, and segment operating earnings fell 13%.
Campbell's reported fiscal second-quarter 2025 net sales up 9% to $2.7 billion, driven by the Sovos Brands acquisition, while organic net sales fell 2%. Adjusted EPS fell 8% to $0.74, mainly reflecting higher net interest expense, and the company lowered its full-year adjusted EPS outlook to $2.95 to $3.05 from $3.12 to $3.22, which matters to shareholders because it reduces expected profit growth for the year.
Net sales rose 9% to $2.7 billion; organic net sales decreased 2%, with flat volume/mix and net price realization down 2%.
GAAP diluted EPS was $0.58 versus $0.68; adjusted EPS was $0.74, down 8%.
Full-year fiscal 2025 adjusted EBIT growth was cut to 3% to 5% from 9% to 11%; adjusted EPS guidance was lowered to $2.95 to $3.05.
The noosa yoghurt business was sold on February 24, 2025 and is estimated to reduce net sales by about 1 percentage point.
Campbell's reported first-quarter fiscal 2025 net sales up 10% to $2.8 billion, driven by the Sovos Brands acquisition, while organic net sales fell 1%. Reported diluted EPS was $0.72, down 8%, and adjusted EPS was $0.89, down 2%, with higher net interest expense cited as the main drag. The company reaffirmed its full-year fiscal 2025 guidance and raised its quarterly dividend 5%, while its board named Mick Beekhuizen to succeed Mark Clouse as CEO effective February 1, 2025.
Net sales rose 10% to $2.8 billion; organic net sales fell 1% to $2.5 billion
Diluted EPS was $0.72 versus $0.78; adjusted EPS was $0.89 versus $0.91
Quarterly dividend increases 5% from $0.37 to $0.39 per share, payable January 27, 2025
Mick Beekhuizen becomes President and CEO on February 1, 2025, replacing Mark Clouse, who retires January 31, 2025
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