Campbell Soup Company makes packaged foods across two segments: Meals & Beverages and Snacks. Meals & Beverages sells soups, simple meals, and beverages under brands such as Campbell's, Swanson, Prego, V8, and Pacific Foods to retailers and foodservice customers in the U.S., Canada, and nearby markets. Snacks includes Pepperidge Farm and Snyder’s-Lance brands, offering crackers, cookies, pretzels, and other snacks under Pepperidge Farm, Snyder’s of Hanover, Lance, and Kettle Brand, with products in North America and Latin America. The company distributes through supermarkets, mass merchandisers, club stores, and foodservice channels, and aims to grow by offering a broad range of convenient, trusted foods to households and foodservice customers worldwide.
Company Size
10,001+
Company Stage
IPO
Headquarters
Camden, New Jersey
Founded
1869
See people who can refer or advise you
Help us improve and share your feedback! Did you find this helpful?
Health Insurance
Dental Insurance
Life Insurance
401(k) Company Match
Unlimited Paid Time Off
Paid Vacation
Hybrid Work Options
Wellness Program
Professional Development Budget
Mental Health Support
Company Equity
Campbell's slashed its dividend 36% to $0.25 per share after fiscal 2026 adjusted earnings per share collapsed to $2.17, down from $2.91. The cut followed a 37% drop in operating income to $852 million and a 6% decline in organic snacks sales. J.M. Smucker, by contrast, raised its quarterly dividend to $1.12 and guided full-year adjusted EPS to $10.50 to $11.00. First-quarter adjusted EPS hit $3.24, beating estimates, with revenue up 5% to $2.22 billion. However, Smucker faces similar pressures. Sweet Baked Snacks fell 7% and a $961.7 million Hostess impairment wiped out GAAP earnings. Despite this, operating cash flow swung to $425.7 million from negative territory. Analysts rate Smucker with eight strong buys and a $141 target, whilst Campbell's carries four strong sells and a $21 target. Year-to-date, Smucker is up 27% whilst Campbell's is down 27%.
Campbell's is implementing major restructuring after its stock declined more than 60% over the past decade. The company, valued at $6.2 billion, recently announced dividend cuts, plant closures, and new pricing. CEO Mick Beekhuizen outlined fiscal 2027 guidance projecting organic sales down 2% to 4%, with earnings per share falling as much as 24%. The company faces shifting consumer behaviour, with snack categories that previously grew 4% to 5% annually now growing around 1%. Campbell's rolled out a $500 million cost-savings programme through fiscal 2030, including $350 million in newly identified savings and headcount reductions. Meanwhile, the meals and beverages division, including soup and Rao's sauce, has benefited from increased home cooking trends. The company introduced a new category model giving individual leaders ownership of their businesses.
Campbell's Company has slashed its quarterly dividend by over a third to fund a multiyear turnaround plan after reporting declining sales and profits. Net sales fell 8% to $2.137 billion in its fiscal fourth-quarter 2026, whilst adjusted earnings per share dropped to $0.39 from $0.62 year-on-year. Full-year sales declined 5% to $9.744 billion. The company's snacks division proved particularly troublesome, with organic sales falling 6% in the quarter and segment operating earnings down 34%. Campbell's took a $117 million impairment charge on its Kettle Brand and Cape Cod trademarks. Management announced a $500 million cost savings programme through fiscal 2030 and price increases of 4% to 5% across 60% of its portfolio. The Meals & Beverages segment showed relative strength, with organic sales rising 3%, supported by cooking-focused soup products and Rao's brand growth.
Campbell's is shifting its marketing strategy to counter declining sales, with 85% of its working media budget now allocated to social media, influencers, e-commerce and AI-powered platforms. The company will concentrate spending on growth brands including Rao's, Goldfish, Pepperidge Farm and Campbell's. Total net sales fell 8% year-over-year in fiscal Q4 2026 and 5% for the full year. The snacks segment saw organic sales decline 6% year-over-year. Campbell's is implementing a $500 million cost-savings plan, including a 13% reduction in salaried workforce and closing two snack plants, to fund its marketing initiatives. Rao's pasta sauce showed strong performance with consumption up 9.4% in fiscal 2026. The company is also launching new Goldfish varieties and a back-to-school campaign emphasising the brand's family-friendly positioning.
The Campbell's Company is struggling with inflation and market volatility, particularly in its snacks division. The Zacks Rank #5 (Strong Sell) company recently missed fourth-quarter fiscal 2026 earnings estimates by a penny, posting $0.39 per share versus the consensus of $0.40. Net sales fell 8% to $2.1 billion, with adjusted gross profit margin declining 190 basis points to 28.6%, driven by cost inflation and supply chain costs including tariff impacts. Campbell's announced its first dividend cut since 2001, reducing the quarterly payout to $0.25 per share from $0.39, a 36% reduction. The company aims to accelerate debt reduction. For fiscal 2027, Campbell's guided net sales to decline 2-4% with earnings expected to fall as much as 24%, below analyst consensus estimates. Four analysts have cut their estimates following the announcement.