Campbell’s FY26 diluted EPS drops 35% to $1.31; net sales fall 5% to $9.74 billion

• Campbell’s fiscal 2026 net earnings attributable to common shareholders fell to USD 394 million, or USD 1.31 per share, from USD 602 million.
• Net sales slid 5% to USD 9.74 billion, primarily on unfavorable volume/mix, a 53rd-week impact, and divestitures, partially offset by price.
• Gross profit margin narrowed to 28.1% from 30.4%, primarily on cost inflation, supply chain costs and tariffs, partially offset by productivity.
• Meals & Beverages sales decreased 4% to USD 5.93 billion, while Snacks sales dropped 6% to USD 3.82 billion.
• Management expects 2027 input-cost volatility to persist, primarily from tariffs, logistics costs and geopolitical conflicts, with mitigation actions planned.

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