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Campbell Soup Company (CPB)
NASDAQ:CPB
Earnings Data
Report Date
Jun 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.5Last Year’s EPS
0.73Same Quarter Last Year
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call conveyed a mixed picture: clear strengths in Meals & Beverages (notably RAO’S and broth/condensed cooking SKUs), product innovation (cookies, Late July), and decisive cash preservation actions, but material near-term challenges in Snacks—a 6% sales decline, a 390 bps margin hit to a 7% segment margin, Fresh Bakery execution problems, and competitive pressure in chips. Management provided a recovery roadmap (stabilization in Q3, better margin mix and tariff lapses in Q4) but acknowledged significant work remains to restore volume and margins.Company Guidance
Strong RAO’S Performance
RAO’S in-market consumption grew 14.5% in Q2; management expects high-single-digit growth for RAO’S for the full year, and the brand is a key growth driver in Meals & Beverages.
Broth and Condensed Cooking Strength
Broth portfolio showing growth (Pacific grew double digits); over half of condensed soups sales in Q2 came from the growing cooking/ingredient-focused portion of the portfolio; new Campbell’s condensed sauces launching in June expected to be incremental.
Product Innovation and Cookie Momentum
Cookies have grown for four consecutive quarters driven by Milano innovation and recent Chessmen introductions, enabling distribution gains in that subcategory.
Goldfish Brand Momentum and Margin Leverage
Goldfish exhibited momentum in the first half and is highlighted as the highest-margin product in Snacks; management expects Goldfish activity to help Snacks margin recovery in Q4.
Financial Discipline and Cash Preservation Actions
Company reduced planned capex by $50 million, instituted a $100 million overhead cost-reduction plan over the next couple of years, prioritized debt reduction over share buybacks (no further buybacks planned), and retains the dividend while pausing increases.
Commodity Hedging and Tariff Lapse Benefits
Approximately 85% of commodities (including diesel, resins, aluminum) are hedged; management expects to lap tariff-related costs in Q4 which should modestly support margins year over year.
CPB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CPB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 11, 2026 | $24.68 | $22.94 | -7.05% |
Dec 09, 2025 | $29.59 | $28.05 | -5.22% |
Sep 03, 2025 | $30.61 | $32.82 | +7.22% |
Jun 02, 2025 | $32.72 | $32.92 | +0.62% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Campbell Soup Company (CPB) report earnings?
Campbell Soup Company (CPB) is schdueled to report earning on Jun 10, 2026, Before Open (Confirmed).
What is Campbell Soup Company (CPB) earnings time?
Campbell Soup Company (CPB) earnings time is at Jun 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CPB EPS forecast?
CPB EPS forecast for the fiscal quarter 2026 (Q3) is 0.5.
