Campbell's has cut 13% of its salaried workforce and closed two snack plants as part of a turnaround effort. CEO Mick Beekhuizen acknowledged the company's "unacceptable" results and said it plans to generate about $500 million in cost savings by fiscal 2030. The company expects fiscal 2027 net sales to decline 2% to 4%, worse than analysts' predictions of a 0.8% drop. Fourth-quarter net sales fell 8% to $2.14 billion, slightly missing estimates. Campbell's has raised prices 4% to 5% across roughly 60% of its portfolio despite resistance from budget-conscious shoppers. The company had approximately 13,700 full-time and part-time employees as of August 2025. Beekhuizen said the restructuring aims to increase speed, accountability, and improve margins whilst maintaining the company's investment-grade credit rating.

Campbell's reported fourth-quarter fiscal 2026 earnings of $0.39 per share, missing the consensus estimate of $0.40. Revenue of $2.14 billion also fell short of the $2.15 billion expected. CEO Mick Beekhuizen called current performance unacceptable, announcing an enterprise-wide savings programme targeting $500 million by fiscal 2030. Campbell's expects over $100 million in savings for fiscal 2027 through two Snacks plant closures and a 13% reduction in salaried workforce. For fiscal 2027, Campbell's forecasts net sales to decline 2% to 4% and adjusted earnings of $1.65-$1.80 per share. The company anticipates raw-material and packaging inflation of 5% to 6%, alongside double-digit logistics inflation. Meals & Beverages showed better momentum, with fourth-quarter organic sales rising 3%. Rao's consumption grew 9.6%, whilst household penetration reached 18.9%.

Campbell's reported disappointing results, with fourth-quarter sales falling 8% to $2.1 billion and full-year sales declining 5% to $9.7 billion. The company is overhauling its marketing strategy, focusing resources on top-performing brands including Campbell's, Rao's, Goldfish and Pepperidge Farm. CEO Mick Beekhuizen said 85% of the company's working media budget will shift to social, influencer and e-commerce channels, along with AI-enabled platforms. New national campaigns are planned for several brands. To fund increased brand investments, Campbell's is targeting $500 million in savings by 2030, including a 13% reduction in salaried workforce. The company faces pressure from price-conscious consumers switching to private label products, particularly in its snacks division.