---
schema_version: "secwatch.filing_event.v1"
accession: "0000016732-25-000105"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2025-09-03T23:59:59+00:00"
generated_at: "2026-05-17T08:34:53.214940+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.82
calibrated_materiality_score: 0.82
confidence: "high"
source: SEC EDGAR
---

# Campbell's Q4 adj EPS -2% to $0.62; FY2026 guidance implies adj EPS decline of 12-18%

## Summary
- Q4 net sales $2.3B (+1%); organic net sales -3%; adj EPS $0.62 vs $0.63 prior.
- Full-year adj EPS $2.97 (-4%); cash from ops $1.13B; returned $521M to shareholders via dividends and buybacks.
- FY2026 guidance: organic net sales -1% to +1%; adj EPS $2.40-$2.55 vs comparable 52-wk base of $2.91 (12-18% decline).
- Tariffs expected to be ~4% of COGS; ~60% mitigation in place; two-thirds of FY2026 EPS decline attributed to net tariff impact.
- Cost savings target increased from $250M to $375M by end of FY2028.

## SEC filing metadata
- accession: 0000016732-25-000105
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2025-09-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.82
- calibrated_materiality_score: 0.82
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000001673225000105/0000016732-25-000105-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000001673225000105/cpb-20250903.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016732-25-000105
- JSON: https://secwatch.observer/filing/0000016732-25-000105.json
- Plain text: https://secwatch.observer/filing/0000016732-25-000105.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.