The Campbell's Co

CPB: XNAS (USA)

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Campbell's Earnings: Brand Investments Stand to Stabilize Sales and Profits; Shares Undervalued

Erin Lash , Divya Banerjee

Jun 8, 2026

Campbell's third-quarter organic sales fell 4% as soft volumes trumped modestly higher prices. Adjusted operating margin declined 300 basis points to 11.6%, reflecting cost inflation and tariffs (a 630-basis-point headwind), partly offset by supply chain cost savings (340-basis-point benefit).

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The Campbell's Co

Campbell's Earnings: Brand Investments Stand to Stabilize Sales and Profits; Shares Undervalued

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