CAMPBELL'S Co: Annual report
Campbell's reported lower sales and earnings for fiscal 2026 due to cost inflation, tariff impacts, and lower volumes.
Negative for the companyWhat the numbers say
Revenue fell 5% to $9.7B versus the prior year; operating margin narrowed from 11.0% to 8.7%; diluted EPS $1.31 versus $2.01; operating cash flow $1B (a year earlier $1.1B); free cash flow $678M (a year earlier $705M); cash rose by $262M to $394M while debt rose by $5.8B.
What happened
- Net sales decreased 5% in 2026 to $9.744 billion due to unfavorable volume/mix, the prior year extra week, and divestitures.
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