Campbell's Q3 revenue fell 4% to $2.4B and adjusted EPS dropped to $0.50, surpassing consensus by $0.02. Bank of America lowered its 2027 EPS forecast from $1.95 to $1.77 and cut the price target to $18 while the company reaffirmed its 2026 outlook.
Campbell's Q3 revenue declined 4% year-on-year to $2.4B, slightly above consensus estimates, while adjusted EPS fell to $0.50 from $0.73 a year earlier, beating forecasts by $0.02. Adjusted EBIT was $274M, down 24% as higher input and supply chain costs weighed on margins.
The company reaffirmed its fiscal 2026 outlook, forecasting an organic sales decline of 1–2% and adjusted EPS of $2.15–$2.25. Bank of America trimmed its 2027 EPS forecast to $1.77 from $1.95 and cut the price target to $18, maintaining an underperform rating.
Retail sentiment shifted to neutral, evidenced by a 5,000% spike in online message volume. Traders highlighted Campbell's 8% dividend yield, $464M dividend payout, and $1B in free cash flow, while some noted its solar-powered facilities and indoor growing capacity as defensive advantages.
