Campbell's Q3 adjusted EPS falls 32% to $0.50 on 4% sales decline; guidance reaffirmed
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.
Key points
- 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.
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 June 08, 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.