Campbell’s reports lower fiscal 2026 results, cuts dividend and issues 2027 guidance

Campbell’s fourth-quarter net sales fell 8% to $2.1 billion, with adjusted EPS down 37% to $0.39, while full-year sales declined 5% to $9.7 billion and adjusted EPS fell 27% to $2.17; the quarter included a $117 million impairment charge for the Cape Cod and Kettle Brand trademarks. The company cut its quarterly dividend 36% to $0.25 per share, payable November 2, 2026, and launched a cost-savings program targeting $500 million by fiscal 2030 to help reduce debt; fiscal 2027 guidance calls for sales down 2% to 4%, adjusted EBIT down 7% to 12%, and adjusted EPS of $1.65 to $1.80.