The Campbell's Company reported a decline in financial performance for the second quarter of fiscal 2026, with net sales of $2.564 billion, down 5% from $2.685 billion in the same period last year. The decrease was attributed to unfavorable volume and mix, as well as the impact of divestitures, which offset neutral net price realization. The company's gross profit margin also fell to 28.0% from 30.5% year-over-year, primarily due to cost inflation, supply chain challenges, and tariffs, despite some benefits from productivity improvements.
Net earnings attributable to Campbell's Company were $145 million, or $0.48 per share, compared to $173 million, or $0.58 per share, in the prior-year quarter. The decline in earnings was influenced by lower gross profit, although this was partially mitigated by reduced marketing and administrative expenses. The company recorded restructuring charges of $3 million and implementation costs related to cost-saving initiatives, which totaled $24 million for the quarter. Year-to-date, net earnings were $339 million, or $1.13 per share, down from $391 million, or $1.30 per share, in the previous year.
In terms of strategic developments, Campbell's announced a pending acquisition of a 49% stake in La Regina di San Marzano di Antonio Romano S.p.A. for $286 million, which is expected to enhance its product offerings in the pasta sauce category. The company also completed the sale of its Pop Secret popcorn business in August 2024 and the noosa yoghurt business in February 2025, which contributed to the changes in its operational structure. The Meals & Beverages segment reported net sales of $1.650 billion, a decrease of 4%, while the Snacks segment saw a 6% decline to $914 million.
Operationally, Campbell's has been focusing on cost-saving initiatives, with total pre-tax charges related to these efforts amounting to $40 million for the first half of the fiscal year. The company has also been optimizing its supply chain and manufacturing processes, which are expected to yield annual savings of approximately $375 million by the end of 2028. As of February 1, 2026, Campbell's had $561 million in cash and cash equivalents, a significant increase from $132 million at the end of the previous fiscal year, reflecting improved liquidity.
Looking ahead, Campbell's anticipates continued challenges from inflationary pressures and supply chain disruptions, but expects to benefit from its cost-saving initiatives and strategic acquisitions. The company remains committed to navigating the evolving market landscape while maintaining its focus on operational efficiency and product innovation.
About CAMPBELL'S Co
The Campbell's Company is a manufacturer and marketer of branded food and beverage products, including soups, broths, sauces, snacks, and beverages. Its key brands include Campbell's, Pepperidge Farm, Prego, Pace, V8, and Goldfish. Serving primarily North American retail and foodservice markets, the company leverages strong brand recognition, diverse product offerings, and extensive distribution networks to deliver convenient, high-quality food products to consumers.
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.