Campbell Soup Shares Rise As Q4 Earnings Beat; 2026 Outlook Disappoints

Campbell Soup (NYSE:CPB) shares climbed more than 2% in premarket trading Wednesday after the food maker posted stronger-than-expected fiscal fourth-quarter earnings, though its guidance for fiscal 2026 fell short of analyst expectations.

Adjusted EPS was $0.62, ahead of consensus at $0.56. Revenue was $2.32 billion, slightly below estimates of $2.33 billion. Results benefited from an extra week in the quarter, which added about 7% to net sales and 10% to adjusted EPS.

Organic net sales declined 3% as volumes fell in both the Meals & Beverages and Snacks segments. Meals & Beverages continued to see strength from key brands, while Snacks showed modest sequential improvement.

For FY26, Campbell forecast adjusted EPS of $2.40 to $2.55, below the $2.61 consensus. It guided organic net sales growth between -1% and 1% and projected EBIT to decline 9% to 13%, with tariffs driving roughly two-thirds of the EPS hit.

The company raised its cost-savings target to $375 million by FY28, up from $250 million, to help offset tariff headwinds.