The Campbell’s (NYSE: CPB) posted third quarter financial results that declined from prior-year levels while also trailing market expectations.
Quarterly results reflected adjusted earnings of $0.50 per share, compared with stronger results reported during the prior-year quarter, while analyst expectations stood at earnings of $0.48 per share.
Revenue for the quarter came in at $2.37 billion, down from $2.48 billion reported a year ago, while analyst expectations stood at $2.38 billion.
Turning to its outlook, The Campbell’s expects EPS expectations for the fiscal year 2026 at $2.15 to $2.25 per share, compared with analyst estimates of $2.17 per share.
“Our third quarter results were generally in-line with our expectations but remained under pressure, reflecting top-line softness and inflation-driven margin headwinds,” said Mick Beekhuizen, President and Chief Executive Officer.
