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Campbell Soup
(NASDAQ:CPB)
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Rating:53Neutral
Price Target:
$21.50
â–¼(-8.39% Downside)
Action:Reiterated
Date:09/15/26
CPB scores in the low-50s primarily due to weakening fundamentals (cooling revenue and margin compression alongside elevated leverage) and bearish technicals. These are partly offset by a supportive valuation profile (P/E ~15.9 and ~7.3% dividend yield) and an earnings-call message that pairs near-term pressure with a defined cost-savings and pricing plan aimed at improving results later in the year.
Positive Factors
Solid cash generation
Campbell continues to generate substantial operating and free cash flow despite weaker earnings, providing resilience for ongoing operations and investment. This cash base can support debt service, brand spending, productivity initiatives, and selective innovation over the next several quarters.
Negative Factors
Falling sales and compressed margins
The simultaneous deterioration in revenue and profitability indicates pressure on pricing, mix, and costs across the business. Even if second-half improvement occurs, a lower earnings base can constrain reinvestment and make sustained recovery dependent on successful productivity and commercial execution.
Read all positive and negative factors
Positive Factors
Negative Factors
Solid cash generation
Campbell continues to generate substantial operating and free cash flow despite weaker earnings, providing resilience for ongoing operations and investment. This cash base can support debt service, brand spending, productivity initiatives, and selective innovation over the next several quarters.
Read all positive factors
Campbell Soup Key Performance Indicators (KPIs)
Any
Operating Income by Segment
Shows profitability across different business segments, highlighting which areas drive the most earnings and where there might be challenges or opportunities for growth.
Shows profitability across different business segments, highlighting which areas drive the most earnings and where there might be challenges or opportunities for growth.
Data provided by:
The Fly
The FlyCampbell Soup (CPB) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$6.26B
Dividend Yield7.34%
Average Volume (3M)7.10M
Price to Earnings (P/E)15.9
Beta (1Y)0.16
Revenue Growth-4.96%
EPS Growth-33.88%
CountryUS
Employees13,700
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)1.34
Shares Outstanding298,206,240
10 Day Avg. Volume10,856,736
30 Day Avg. Volume7,096,734
Financial Highlights & Ratios
PEG Ratio-0.50
Price to Book (P/B)1.73
Price to Sales (P/S)0.68
P/FCF Ratio9.83
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$19.86Price Target Upside-15.39% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering16
EPS Forecast (FY)1.7
Revenue Forecast (FY)$9.47B
Campbell Soup Business Overview & Revenue Model
Company Description
Campbell Soup Company (CPB) is a leading international producer and marketer of a wide variety of food and beverage products. The enterprise conducts its business through two main operational divisions: Meals & Beverages and Snacks. The Meals & Be...
How the Company Makes Money
Campbell’s makes money primarily by manufacturing and selling branded packaged foods and beverages to retailers and other trade customers. Revenue is generated when the company ships products such as soups, broth, ready-to-eat/simple meal items, s...
Campbell Soup Earnings Call Summary
Earnings Call Date:Sep 03, 2026
(Q4-2026)
| % Change Since: |
Next Earnings Date:Dec 09, 2026
Earnings Call Sentiment Neutral
The call was balanced. Management outlined substantial cost savings, pricing, innovation, commercial capability, and turnaround initiatives, with encouraging trends in cooking soups, Goldfish, pretzels, cookies, and Pacific. However, the near-term outlook includes a roughly 3% organic sales decline, a high-single-digit Q1 Snacks decline, significant Q1 margin pressure, higher interest expense, a dividend reduction, and continued negative Snacks consumption. The combination of credible improvement plans and significant current-year challenges supports a Neutral overall assessment.Positive Updates
Four-Year Cost Savings Program
Campbell's announced a $500 million cost savings program over the next 4 years, beginning in fiscal year 2027 and running through fiscal year 2030. Of the prior $375 million program, $225 million had been delivered through the fiscal year just ended, with $150 million of savings plans rolling into the new program and $350 million of incremental savings identified. The program includes headcount reductions, procurement savings across direct and indirect spending, and supply chain network optimization.
Negative Updates
Organic Sales Outlook Down Approximately 3%
At the midpoint of the organic net sales range, management expects organic net sales to be down about 3%. MMB is expected to be down slightly and relatively consistent throughout the year.
Read all updates
Q4-2026 Updates
Positive
Negative
Four-Year Cost Savings Program
Campbell's announced a $500 million cost savings program over the next 4 years, beginning in fiscal year 2027 and running through fiscal year 2030. Of the prior $375 million program, $225 million had been delivered through the fiscal year just ended, with $150 million of savings plans rolling into the new program and $350 million of incremental savings identified. The program includes headcount reductions, procurement savings across direct and indirect spending, and supply chain network optimization.
Read all positive updates
Company Guidance
Management said the midpoint of the organic net sales range is down about 3%, with MMB down slightly and Snacks expected to have Q1 as the low point followed by a modest improvement throughout the year; Snacks are expected to be high single digit down in the first Q2uarter, with consumption not reaching positive but making continued modest progress throughout the year. Inflation is expected to be about +5% to 6% throughout the year, logistics around double digits, gross margin down 50 to 100 basis points for the total year and positive in the second half, and EPS to show a fairly sharp decline in Q1 before becoming positive EPS by the fourth Q2uarter, within a guide of dollars 1.65 to 1.8. The company took a price increase on about 60% of its portfolio, averaging 4-5%, with assumed elasticities of 1.5x; interest expense is projected to be approximately $25 million higher year over year. The $500 million program is over the next 4 years, with $350 million of incremental savings through fiscal year 2030, while the $500 million bond maturing in March is being considered for refinancing, including a hybrid that would receive 50% eQ2uity credit.Campbell Soup Financial Statement Overview
Summary
Income Statement
55
Neutral
Balance Sheet
48
Neutral
Cash Flow
57
Neutral
| Breakdown | Jul 2026 | Jul 2025 | Jul 2024 | Jul 2023 | Jul 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 9.74B | 10.25B | 9.64B | 9.36B | 8.56B |
| Gross Profit | 2.74B | 3.12B | 2.97B | 2.92B | 2.63B |
| EBITDA | 1.26B | 1.57B | 1.42B | 1.70B | 1.50B |
| Net Income | 403.00M | 602.00M | 567.00M | 858.00M | 757.00M |
Balance Sheet | |||||
| Total Assets | 15.65B | 14.90B | 15.23B | 12.06B | 11.89B |
| Cash, Cash Equivalents and Short-Term Investments | 394.00M | 132.00M | 108.00M | 189.00M | 109.00M |
| Total Debt | 7.14B | 7.21B | 7.54B | 4.97B | 5.05B |
| Total Liabilities | 11.49B | 10.99B | 11.44B | 8.39B | 8.56B |
| Stockholders Equity | 3.85B | 3.90B | 3.79B | 3.66B | 3.33B |
Cash Flow | |||||
| Free Cash Flow | 678.00M | 705.00M | 668.00M | 773.00M | 939.00M |
| Operating Cash Flow | 1.04B | 1.13B | 1.19B | 1.14B | 1.18B |
| Investing Cash Flow | -357.00M | -187.00M | -3.13B | -340.00M | -230.00M |
| Financing Cash Flow | -419.00M | -919.00M | 1.86B | -723.00M | -910.00M |
Campbell Soup Technical Analysis
Negative
23.47
Price Trends
22.56
Negative
21.71
Negative
23.30
Negative
Market Momentum
-0.40
Positive
38.40
Neutral
10.89
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For CPB, the sentiment is Negative. The current price of 23.47 is above the 20-day moving average (MA) of 22.80, above the 50-day MA of 22.56, and above the 200-day MA of 23.30, indicating a bearish trend. The MACD of -0.40 indicates Positive momentum. The RSI at 38.40 is Neutral, neither overbought nor oversold. The STOCH value of 10.89 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for CPB.
Campbell Soup Risk Analysis
Campbell Soup disclosed 21 risk factors in its most recent earnings report. Campbell Soup reported the most risks in the "Production" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Campbell Soup Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $29.17B | -8.49 | -8.44% | 6.59% | -1.62% | 36.06% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
61 Neutral | $19.17B | -214.53 | -0.99% | 6.69% | -5.45% | -104.44% | |
58 Neutral | $6.99B | -3.70 | -24.31% | 8.28% | -2.85% | -265.99% | |
57 Neutral | $11.32B | 33.28 | 4.33% | 5.57% | 0.73% | -54.64% | |
53 Neutral | $6.26B | 15.86 | 10.18% | 7.34% | -4.96% | -33.88% | |
52 Neutral | $256.02M | -3.55 | -16.45% | 21.04% | -4.91% | 68.74% |
* Consumer Defensive Sector Average
CPB
Campbell Soup
21.25
-10.31
-32.66%
BGS
B&G Foods
3.16
-0.80
-20.22%
CAG
Conagra Brands
14.79
-2.76
-15.73%
GIS
General Mills
36.47
-10.19
-21.83%
HRL
Hormel Foods
20.96
-2.81
-11.84%
KHC
Kraft Heinz
24.27
<0.01
<0.01%
Campbell Soup Corporate Events
Business Operations and StrategyExecutive/Board Changes
Campbell Soup Announces Executive Leadership Transition in Transformation
Neutral
Jun 17, 2026
On June 17, 2026, Campbell’s Company announced that Executive Vice President and Chief Enterprise Transformation Officer Daniel L. Poland will step down from his current role effective August 3, 2026. He will remain with the company until Ja...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.