Campbell’s Co (NASDAQ:CPB) reported worse-than-expected second-quarter financial results and lowered its FY26 adjusted EPS guidance below estimates.
Campbell’s reported quarterly earnings of 51 cents per share which missed the analyst consensus estimate of 57 cents per share. The company reported quarterly sales of $2.564 billion which missed the analyst consensus estimate of $2.610 billion.
“Our core Meals & Beverages portfolio delivered in-market consumption growth in the second quarter, highlighted by the Rao’s brand surpassing $1 billion in trailing twelve-month net sales. Overall results, however, fell short of our expectations due to weaker-than-expected performance in Snacks and storm-related shipment disruptions,” said Mick Beekhuizen, Campbell’s Chief Executive Officer. “To stabilize Snacks, we are taking decisive action, focused on sharpening our value, new product innovation, and in-market execution.”
Looking ahead, Campbell’s lowered its fiscal 2026 adjusted earnings guidance to a range of $2.15 to $2.25 per share. The company had previously forecast $2.40 to $2.55 per share. The revised outlook also fell below the analyst consensus estimate of $2.42.
Campbell’s shares fell 1.8% to trade at $22.53 on Thursday.
These analysts made changes to their price targets on Campbell’s following earnings announcement.
- Stifel analyst Matthew Smith maintained Campbell’s with a Hold and lowered the price target from $30 to $25.
- Morgan Stanley analyst Megan Alexander maintained the stock with an Equal-Weight rating and lowered the price target from $27 to $25.
- Wells Fargo analyst Chris Carey downgraded Campbell’s from Equal-Weight to Underweight and cut the price target from $28 to $20.
- Bernstein analyst Alexia Howard maintained the stock with an Outperform rating and lowered the price target from $33 to $27.
Considering buying CPB stock? Here’s what analysts think:
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