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The Campbell’s Company reported mixed third-quarter results, with adjusted earnings topping expectations even as the iconic food manufacturer grappled with declining sales. The company posted adjusted earnings of $0.50 per share, beating the $0.48 forecast from 17 analysts by 4.2%, while revenue of $2.37B fell short of the $2.38B estimate by 0.8%. Adjusted bottom-line profit came in at $150.0M for the quarter.
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Campbell’s (CPB) Q3 2026 Preview: EPS Est. $0.48, Reports June 8
Jun 3, 2026
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Campbell’s Company (CPB) Q3 2026 adj. earnings drop on lower sales
Jun 8, 2026
The Camden, New Jersey-based packaged food giant saw revenue decline 4.0% from $2.48B in Q3 2025, with organic net sales down 4.0% for the quarter. Meals & Beverages, the company’s largest division, led with $1.43B in revenue but was down 4.0% year-over-year, reflecting broader headwinds facing legacy food brands as consumer preferences continue to shift.
For full-year 2026, Campbell’s projected adjusted EPS in the $2.15 to $2.25 range. Wall Street sentiment remains cautious on the stock, with analyst consensus standing at 0 buy, 15 hold, and 10 sell ratings. The results underscore the challenges facing traditional packaged food companies as they work to revitalize portfolios built around canned soups, sauces, and other shelf-stable products in an increasingly competitive marketplace.
A detailed analysis of The Campbell’s Company’s quarter follows shortly on AlphaStreet.
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