Campbell's Company (The) (CPB)
NASDAQConsumer StaplesPackaged FoodsSnapshot 2026-09-04
$21.38-3.39%
Close 2026-09-04 · 1-day change
NASDAQConsumer StaplesPackaged FoodsSnapshot 2026-09-04
Broken: Primary pillar broken — Stabilize revenue near $9.8 billion in fiscal 2026: FY26 revenue guidance $9.8B vs $9.79B target; Q4 YoY -8.0%.
Campbell's keeps cutting costs, reaching $200 million saved by Q3 2026. Earnings per share beat estimates in Q3 at $0.50. The company reaffirms full-year revenue near $9.8 billion. Profit margins and cost savings support steady cash flow.
Revenue has fallen 4% year over year, showing weak demand. Adjusted EBIT dropped 24% to $274 million in Q3 2026. Inflation and competition pressure margins and growth. Executive departures may slow transformation efforts.
The stock price is about 7% below our fair value near $24. Analysts expect about 4% revenue decline next year. Our view is slightly more optimistic on cost savings and margin recovery.
Breaks if: cost savings fall below $200 million by Q3 2026
Breaks if: significant disruption or delays from leadership changes
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on sustainable growth. The current thesis state is intact, supported by recent earnings beats but tempered by ongoing sales declines and cautious management guidance.
The market seems to price CPB as cheap compared to its peers, with a slight expectations gap indicating that some negative performance is already anticipated. The valuation reflects a low fragility tier, suggesting that the stock is not overly sensitive to execution risks.
Fundamentals are likely to show continued pressure in the near term, given the recent declines in net sales and adjusted earnings. However, management's focus on cost savings and brand support may help stabilize performance over the multi-year horizon.
The thesis hinges on several factors, including management's ability to maintain guidance amid challenging conditions and the potential impact of inflation on the Consumer Staples sector. Additionally, performance of sector peers could influence CPB's trajectory.
The most important moves since the prior daily snapshot.
Company momentum rose by 41.2 points (from -47.1 to -5.9).
Mixed, the news cuts both ways. The company launched a $500 million cost-savings plan. This plan aims to support sustainable profitable growth. However, the latest earnings miss raised concerns about future performance. The dividend cut also worries investors about capital allocation.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: adjusted EBIT falls below $274 million in Q3 2026
Maintain and update full-year fiscal 2026 guidance reflecting current operating environment and performance.
Reaffirmed or updated full-year fiscal 2026 guidance in 4 of last 4 quarters. Fiscal 2026 net sales declined 5% to $9.7 billion, adjusted EBIT declined 21% to $1.2 billion, and adjusted EPS declined 27% to $2.17. Guidance for fiscal 2027 anticipates continued declines, reflecting cautious outlook. Management is consistent in maintaining guidance despite challenging financial trends.
“The company is providing full-year fiscal 2027 guidance reflecting expected volatility and inflation.”
“Reaffirms full-year fiscal 2026 guidance.”
“Updates full-year fiscal 2026 guidance to reflect a more cautious view for the balance of the year.”
“Reaffirms full-year fiscal 2026 guidance.”
Breaks if: revenue falls below $9.79 billion in FY 2026
Drive long-term sustainable profitable growth through brand support, innovation, and consumer-led execution across Meals & Beverages and Snacks.
Stated as a priority in 5 of last 5 quarters. Despite net sales declines of 5% in fiscal 2026 and organic net sales declines of 2%, management emphasizes confidence in sustainable profitable growth through brand support and innovation. The trajectory shows persistent focus but financial results reflect ongoing top-line softness.
“We remain confident in the long-term strength of our portfolio and our ability to create shareholder value.”
“Our brand portfolio fundamentals remain sound, and we continue to be confident in our ability to create sustainable profitable growth over the long-term.”
“Consumers remain intentional in their shopping behaviors with at-home-cooking trends continuing to benefit our brands.”
“We are focused on delivering today while building for tomorrow with increased emphasis on delivering topline growth through incremental marketing investments and consumer-led innovation.”
“We continue to evolve our organization and capabilities to better leverage our scale for growth and drive long-term value creation.”
Maintain and update full-year fiscal 2026 guidance reflecting current operating environment and performance.
Reaffirmed or updated full-year fiscal 2026 guidance in 4 of last 4 quarters. Fiscal 2026 net sales declined 5% to $9.7 billion, adjusted EBIT declined 21% to $1.2 billion, and adjusted EPS declined 27% to $2.17. Guidance for fiscal 2027 anticipates continued declines, reflecting cautious outlook. Management is consistent in maintaining guidance despite challenging financial trends.
Overall, CPB's position reflects a balance of cautious optimism and underlying challenges. Not investment advice.
“The company is providing full-year fiscal 2027 guidance reflecting expected volatility and inflation.”
“Reaffirms full-year fiscal 2026 guidance.”
“Updates full-year fiscal 2026 guidance to reflect a more cautious view for the balance of the year.”
“Reaffirms full-year fiscal 2026 guidance.”