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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 12:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on March 11, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.