Campbell's Q2 net sales down 5% to $2.6B; adj. EPS falls 31% to $0.51; slashes FY2026 guidance

CAMPBELL'S Co

2026-Q2 EPS reported $1.13 revenue$5,241,000,000

Net sales $2.564B, down 5% (organic -3%); adjusted EPS $0.51 vs $0.74 last year.
Snacks segment operating earnings fell 39% on 6% organic sales decline; Meals & Beverages -15%.
Storm-related disruptions in January cut sales ~1%, adj. EBIT ~$14M, adj. EPS ~$0.04.
Full-year guidance lowered: organic net sales now -2% to -1% (prior -1% to +1%); adj. EPS $2.15-$2.25 (prior $2.40-$2.55).
CEO cites weaker Snacks performance; accelerating cost savings to offset tariff headwinds.

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