Campbell’s sees FY26 adjusted EPS $2.40-$2.55, consensus $2.65

Sees FY26 revenue down 2% to flat. Sees FY26 adjusted EBIT down 9%-13%. Sees FY26 capital expenditures 4% of net sales. The company said, “Consumers continue to be increasingly deliberate in their food choices with a focus on premiumization, flavor exploration, health and wellness and cooking at home. The company’s portfolio of brands is well positioned to capitalize on these trends with incremental brand support and innovation. At the same time, the company faces a dynamic operating and regulatory environment resulting in substantial input cost pressures, primarily driven by tariffs, which, despite significant mitigation efforts, reduce its earnings outlook for the upcoming fiscal year. Overall, the company expects to make progress towards sustainable growth in fiscal 2026 while mitigating some of the near-term cost pressures. Fiscal 2026 guidance ranges are based on the exclusion of the additional week in fiscal 2025, which represented approximately 2% to net sales, 2% to adjusted EBIT and $0.06 to adjusted EPS.”