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Benzinga
  • 12 hours ago
Campbell's cut FY2026 guidance to a 1–2% organic sales decline and slashed EPS outlook to $2.15–$2.25 from $2.40–$2.55 as consumers trade down to store brands. Higher aluminum, steel, and beef costs tied to tariffs are squeezing margins, sending shares down ~6% premarket.

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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Campbell's cut its annual sales and profit forecasts after reporting second-quarter results
00:07that missed analyst estimates, according to Reuters. The company said demand is weakening
00:12as consumers shift to cheaper brands and store-label products. Campbell's also cited higher
00:17input costs, including tariffs on aluminum and steel used for cans and packaging, while beef
00:22prices have reached record highs in the U.S. The company now expects fiscal 2026 organic net sales
00:28to decline between 1% and 2%, compared with its earlier outlook that range from a 1% decline
00:34to 1% growth. The company also lowered its fiscal 2026 adjusted earnings forecast to $2.15 to $2.25
00:43per share from its previous range of $2.40 to $2.55 per share. Shares fell nearly 6% in
00:51pre-market
00:52trading on Wednesday. For all things money, visit Benzinga.com.
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