The Campbell's Company (CPB) Earnings Call Transcripts

The Campbell's Company's Latest Earnings Call - Q3 FY2026

In the third quarter of fiscal 2026, Campbell's Company reported revenues of $2.1 billion, slightly below expectations, with a net income of $200 million, translating to an EPS of $0.65. Management highlighted ongoing inflationary pressures, projecting an additional 2% to 3% inflation in fiscal 2027 if oil prices remain elevated. The company is focused on cost-saving initiatives and maintaining its dividend, indicating a cautious outlook for the upcoming fiscal year.

Reported metrics

Guidance from management

Management maintained a cautious outlook for fiscal 2027, projecting continued inflationary pressures and emphasizing the need for cost-saving initiatives. They expect organic sales to stabilize but remain focused on managing margins amid rising costs.

What management said

I guess there's always a risk there. We have no intention at this point to give any of that money back. Look, the -- we -- if you look at our gross margins, we obviously have not -- we have not been able to offset those tariffs and just the normal inflation. We took some minimal pricing this past year. So right now, our intention is not to refund any of those tariffs.

Yes. And the only thing that I'd add to it is there's obviously always a lot of puts and takes. And per my earlier comments, we are very focused to make sure that we provide value to the consumer. That's something that we think about every day. We talk about every day, and there are obviously a lot of different considerations that are taken into account when we work through that, those decisions.

What analysts pressed on

Analysts expressed concerns about the potential impact of inflation on margins and the effectiveness of cost-saving measures. There were questions regarding the timeline for stabilizing the Snacks portfolio and the implications of increased share count on earnings per share.

Main topics on the call

• Inflationary Pressures — Management indicated that base inflation is expected to rise to 5% to 6% due to ongoing geopolitical tensions, with Todd Cunfer stating, "if oil stays around $100 a barrel, we're looking at an additional 2% to 3% inflati...
• Dividend Stability — Management reaffirmed their commitment to the dividend, with Todd Cunfer stating, "the dividend is extremely important to our shareholders" and no intention to increase it soon. This reflects a focus on balancing shareho...
• Snacks Portfolio Rationalization — The company is rationalizing its Snacks portfolio, focusing on core brands like Goldfish. Mick Beekhuizen emphasized, "we're in the process of simplification" to improve operational efficiency and profitability, which is...
• Cost-Saving Initiatives — Management is implementing significant cost-saving measures, including a $100 million reduction in SG&A expenses. Cunfer noted, "elevated productivity is essential for us going into next year," indicating a proactive app...

Read the full The Campbell's Company transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 42 The Campbell's Company earnings call transcripts on record, spanning March 4, 2020 to June 8, 2026. Based on this history, The Campbell's Company reports quarterly. The most recent call on file is dated June 8, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

CPB

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

42

First call

March 4, 2020

Most recent

June 8, 2026

Reporting cadence

quarterly