Business
Campbell’s Reports First Quarter Fiscal 2026 Results; Reaffirms Full-Year Fiscal 2026 Guidance
Net Sales decreased 3% to $2.7 billion and decreased 1% on an organic basis. Earnings Before Interest and Taxes (EBIT) decreased to $336 million. Adjusted
About this update from The Campbell's Company
[{"type":"text","content":"\n\nNet Sales decreased 3% to $2.7 billion and decreased 1% on an organic basis.\n\n\nEarnings Before Interest and Taxes (EBIT) decreased to $336 million. Adjusted EBIT decreased 11% to $383 million.\n\n\nEarnings Per Share (EPS) decreased to $0.65. Adjusted EPS decreased 13% to $0.77.\n\n\nCash flow from operations was $224 million; returned $144 million to shareholders including $120 million in dividends.\n\n\nEntered into definitive agreements to acquire a 49% interest in La Regina, the producer of Rao’s tomato-based pasta sauces. Acquisition solidifies Campbell's long-term strategic partnership with La Regina and is expected to fuel Rao's continued growth.\n\n\nReaffirms full-year fiscal 2026 guidance.\n\n\n CAMDEN, N.J.--(BUSINESS WIRE)--\nThe Campbell’s Company (NASDAQ:CPB) today reported results for its first quarter fiscal 2026 ended November 2, 2025. Unless otherwise stated, all comparisons are to the same period of fiscal 2025.\n\nCEO Comments:\nMick Beekhuizen, Campbell’s Chief Executive Officer said, \"Our first quarter performance was in line with our expectations reflecting sharpened in-market execution in a dynamic operating environment. Consumers remain intentional in their shopping behaviors with at-home-cooking trends continuing to benefit our brands within our Meals & Beverages portfolio that deliver quality, convenience and value. Additionally, our expanded partnership with La Regina strengthens our ability to deliver on the Rao’s growth opportunity. While our Snacks business continues to weather category softness, our brands remain highly relevant. Across our portfolio, we continue to focus on quality, value and evolving consumer preferences with elevated brand support and innovation. Simultaneously, our teams are making great progress on cost savings and productivity initiatives to help offset inflation and continue to invest in our brands. We are moving quickly and with a continued focus on delivering today while we build for tomorrow.”\n\n\n\n \n\n\n\nThree Months Ended\n\n\n\n\n\n($ in millions, except per share)\n\n\n\nNovember 2,\n2025\n\n\n\n \n\n\n\nOctober 27,\n2024\n\n\n\n \n\n\n\n% Change\n\n\n\n\n\nNet Sales\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nAs Reported (GAAP)\n\n\n\n$2,677\n\n\n\n \n\n\n\n$2,772\n\n\n\n \n\n\n\n(3)%\n\n\n\n\n\nOrganic\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n...