Campbell's Q3 2026 earnings: sales fall 4%, guidance reaffirmed
Key takeaways
- Adjusted earnings per share came in at $0.50 for the quarter ended May 3.
- Net sales in the meals and beverages segment fell 4%, with U.S. soup sales dropping 8%.
- Adjusted gross profit margin contracted 240 basis points to 27.7%, reflecting cost inflation and tariff-related supply chain expenses, the company said.
Campbell's Q3 2026 earnings: sales fall 4%, guidance reaffirmed Quartz · Credit: Mike Mozart / Wikimedia Commons (CC BY 2.0) Cris Tolomia Mon, June 8, 2026 at 7:31 PM GMT+7 2 min read CPB Campbell's reported third-quarter net sales of $2.37 billion on Monday, a 4% decline from a year earlier, as soft consumer demand and inflation-driven cost pressures continued to weigh on both its meals and snacks businesses.
Adjusted earnings per share came in at $0.50 for the quarter ended May 3. That beat analyst expectations of $0.48 per share, according to Reuters. On a reported basis, earnings per share rose to $0.41 from $0.22 a year earlier, when results were weighed down by a $150 million impairment charge on the Snyder's of Hanover trademark.
Net sales in the meals and beverages segment fell 4%, with U.S. soup sales dropping 8%. The snacks segment also declined 4%, driven by weakness in salty snacks, crackers, and fresh bakery. Both segments saw lower volume and mix, partially offset by modest price gains, the company said.