Campbell’s Co (NASDAQ:CPB) reported worse-than-expected second-quarter financial results and lowered its FY26 adjusted EPS guidance below estimates.
Campbell’s reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 57 cents per share. The company reported quarterly sales of $2.564 billion which missed the analyst consensus estimate of $2.610 billion.
“Our core Meals & Beverages portfolio delivered in-market consumption growth in the second quarter, highlighted by the Rao’s brand surpassing $1 billion in trailing twelve-month net sales. Overall results, however, fell short of our expectations due to weaker-than-expected performance in Snacks and storm-related shipment disruptions,” said Mick Beekhuizen, Campbell’s Chief Executive Officer. “To stabilize Snacks, we are taking decisive action, focused on sharpening our value, new product innovation, and in-market …