CPB 8-K SEC Filing Analysis

Latest settled — T+5d

CPB ▲ +3.82% at T+5d

SHORT call ✗ call lost -3.82% · α vs SPY -1.70% · entry $21.49 → $22.31

Next anchor: T+20d in 18d

Last close $21.11 (close Jun 17) · +1.77% from $21.49 entry (call sign-flipped)

Entry anchored
Jun 5, 03:59 PM ET
via Databento tick

T+1d

+2.98%

call -2.98% · α -3.27%

$22.13

settled 10d ago

T+5d

+3.82%

call -3.82% · α -1.70%

$22.31

settled 4d ago

T+20d

—

call — · α —

—

in 18d

T+60d

—

call — · α —

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in 2mo

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Executive Summary

Campbell's Q3 FY2026 results show continued top-line pressure with net sales down 4% YoY to $2.366B and adjusted EPS down 32% to $0.50, though GAAP EPS rose 86% to $0.41 due to prior-year impairment charges. The company reaffirmed its lowered full-year guidance for organic net sales decline of 1-2%, adjusted EBIT down 17-20%, and adjusted EPS of $2.15-$2.25, reflecting persistent inflation, tariff headwinds, and volume declines in both Meals & Beverages and Snacks segments.

Key Financial Metrics

Guidance

(2)% to (1)% organic net sales decline

maintained

Gross Margin

27.5%

Actionable Insight

Campbell's reaffirmed lowered guidance, signaling no near-term catalyst for improvement. Monitor Q4 for any further guidance revision or stabilization in Snacks volume. The stock may continue to drift lower given persistent margin compression and top-line weakness across both segments.

Key Facts

Net sales decreased 4% to $2.366B on both reported and organic basis
Adjusted EPS decreased 32% to $0.50, while GAAP EPS rose 86% to $0.41 due to prior-year impairment
Adjusted EBIT decreased 24% to $274M
Full-year FY2026 guidance reaffirmed: organic net sales (2)% to (1)%, adjusted EBIT (20)% to (17)%, adjusted EPS $2.15-$2.25
Snacks segment operating earnings fell 32%; Meals & Beverages fell 16%
U.S. soup sales declined 8%
Gross margin contracted 190 bps to 27.5% (GAAP) and 240 bps to 27.7% (adjusted)
Cost savings program delivered ~$20M in Q3, reaching $200M toward $375M FY2028 target
Cash flow from operations YTD $839M vs $872M prior year

Financial Impact

Net sales declined $109M YoY; adjusted EPS fell $0.23; adjusted EBIT fell $88M

revenueepsebitgross marginoperating earnings

Risk Factors

Further tariff escalation could worsen cost inflation
Snacks segment volume decline may persist without pricing recovery
Consumer spending slowdown could pressure soup and snack categories

Market Snapshot

Exchange

Nasdaq

Sector

Food and Kindred Products

Analyst Consensus

7% bullish (28 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0000016732-26-000010
Document: cpb-20260608.htm	0000016732-26-000010
Document: 0000016732-26-000010-index-headers.html	0000016732-26-000010
Document: 0000016732-26-000010-index.html	0000016732-26-000010
Document: 0000016732-26-000010.txt	0000016732-26-000010
8-K Data (Synthetic)	0000016732-26-000010

3 reports for CPB

T+1T+5T+20T+60

Filters

Reports for CPB — sortable, filterable
	Type				Now
Jun 17, 2026 1d ago	8-K NEUTRAL ★ 2/10	$21.12 awaiting T+5	awaiting T+5	—	$21.11 (−0.02%)
Jun 11, 2026 7d ago	Institutional Cluster MIXED ★ 4/10	$22.73 $21.11	▼ −7.13%	▼ −7.56%	$21.11 (−7.13%)
Jun 8, 2026 10d ago	8-K BEARISH ★ 6/10	$21.49 $22.31	▼ −3.82%	▼ −1.70%	$21.11 (+1.77%)

US Market Status

Market Closed — Juneteenth — Opens Mon (75h 14m)

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