The Campbell's Co

CPB: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Campbell's Earnings: Sluggish Results and a Tepid Outlook Result in a Dividend Cut; Shares a Bargain

Erin Lash , Divya Banerjee

Sep 3, 2026

Campbell's fourth-quarter organic sales fell 1% on lower volumes. Adjusted operating margin sank 250 basis points to 11.3%, as a 530-basis-point hit from inflation offset a 380-basis-point benefit from cost savings. The firm cut its dividend by more than 30%, sending shares down around 7%.

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The Campbell's Co

Campbell's Earnings: Sluggish Results and a Tepid Outlook Result in a Dividend Cut; Shares a Bargain

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