CAMPBELL'S Co (CPB) Reports 5% Decrease in Net Sales

By Chris Stiles • Wednesday, March 11 13:49 • Permanent Link

CAMPBELL'S Co. has recently released its 10-Q report, providing an insight into the company's financial performance and operations. The company operates in the food and beverage industry, with segments including Meals & Beverages and Snacks. CAMPBELL'S Co. manufactures and markets a wide range of products, including soups, pasta sauces, beverages, cookies, crackers, and frozen products, selling through various retail channels and distribution networks.

In the second quarter of 2026, CAMPBELL'S Co. reported a 5% decrease in net sales, amounting to $2.564 billion. The gross profit as a percentage of sales was 28.0%, down from 30.5% in the prior-year quarter, primarily due to cost inflation, supply chain costs, and unfavorable volume/mix. Earnings per share were reported at $.48, compared to $.58 in the prior-year quarter, with the current quarter including expenses of $.02 per share.

The company's net earnings attributable to The Campbell's Company were $145 million ($.48 per share) in the current quarter, compared to $173 million ($.58 per share) in the year-ago quarter. After adjusting for items impacting comparability, earnings decreased primarily due to lower gross profit, partially offset by lower marketing and selling expenses and lower administrative expenses. The estimated net impact of tariffs was approximately $.06 per share in the current quarter. The estimated net impact of January storm-related shipment delays and incremental supply chain costs was approximately $.04 per share in the current quarter.

In the Meals & Beverages segment, sales decreased by 4%, primarily due to declines in U.S. soup, Prego pasta sauces, foodservice, and V8 beverages, partially offset by gains in Rao's. Unfavorable volume/mix was partially offset by favorable net price realization. Sales were impacted by an approximate 1% headwind as a result of storm-related shipment delays in January. Sales of U.S. soup decreased by 4% with decreases in condensed soups, ready-to-serve soups, and broth.

The market has reacted to these announcements by moving the company's shares -3.05% to a price of $26.08. If you want to know more, read the company's complete 10-Q report here.

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