Campbell's Company announced on its fiscal fourth-quarter 2026 earnings call that it is cutting its dividend by more than a third to fund a multiyear rebuild. Quarterly net sales fell 8% to $2.137 billion, adjusted EBIT dropped 25% to $242 million, and adjusted EPS fell to $0.39 from $0.62 a year earlier, while full-year sales dropped 5% to $9.744 billion and operating cash flow slipped to $1.039 billion from $1.131 billion. The company took a $117 million impairment charge on its Kettle Brand and Cape Cod trademarks as Snacks organic sales fell 6% in the quarter and segment operating earnings dropped 34%. Campbell's launched a new $500 million savings target through fiscal 2030, combining $350 million of fresh cuts to procurement, supply chain, and headcount with $150 million carried over from an older program, and is applying price increases of roughly 4% to 5% to about 60% of its portfolio. For fiscal 2027, Campbell's is guiding to organic sales down 4% to 2% and gross margin down 50 to 100 basis points, with inflation running 5% to 6%, and interest expense set to climb roughly $25 million on debt tied to the La Regina acquisition and an anticipated bond refinancing.
Campbell’s CoCampbell's cut its dividend by more than a third and posted falling sales, EBIT, and EPS to fund a multiyear rebuild.
