The Campbell's Company Q4 FY2026 Earnings Call
With Mick Beekhuizen (President and CEO) and Todd Cunfer (CFO).
Since 1869, we’ve been connecting people through food they love. Our history was created by remarkable people, ideas and innovations. We are stewards of amazing brands. We have a focused strategy and leading brands in our two divisions: Meals & Beverages and Snacks.
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1Prepared remarks3 speakers
Good morning, and welcome to The Campbell’s Company’s fourth quarter fiscal 2026 earnings conference call. I’m Joshua Levine, Campbell’s Chief Investor Relations Officer. Joining me today are Mick Beekhuizen, President and Chief Executive Officer, and Todd Cunfer, Chief Financial Officer. In addition to our prerecorded remarks, we will host a live question-and-answer session via webcast today, September 3, 2026, at 9:00 A.M. Eastern. Today’s earnings press release, presentation, and an audio recording of our…
Thanks, Josh. Good morning, everyone, and thank you for joining us. Our fourth quarter results reflected many of the same challenges we have faced in recent quarters, with profitability coming in as expected. Organic net sales declined 1% as weakness in Snacks more than offset solid consumption and organic net sales growth in Meals & Beverages. Adjusted EBIT decreased 25%, and adjusted EPS was $0.39, down 37%, pressured by elevated inflation. The declines in adjusted EBIT and EPS include an estimated high…
Thank you, Mick, and good morning, everyone. I will review our fourth quarter fiscal 2026 results detail the actions we are taking to improve our performance and strengthen our financial profile, and then finish with our fiscal 2027 outlook. Fourth quarter organic net sales declined 1% as strength in Meals & Beverages was more than offset by softness in Snacks. Volume mix declined 1%, while net price realization was slightly positive. Adjusted gross margin declined 190 basis points to 28.6%. Cost inflation of…