Recent Updates — CPB
The Campbell's Company entered into an Extension Agreement to its $1.85 billion Five-Year Credit Agreement dated April 16, 2024. The Amendment extends the maturity date of the Credit Agreement from April 16, 2031 to April 16, 2031. All other terms and conditions remain in full force. The Campbell's Company operates in the food manufacturing industry.
The Campbell's Company reported fourth-quarter fiscal 2026 results ending August 2, 2026, with net sales decreasing 8% to $2.1 billion and adjusted EPS falling 37% to $0.39 per share due to volume declines and cost inflation. The company announced a dividend reduction, resetting the quarterly cash dividend from $0.39 to $0.25 per share to accelerate debt repayment; this new dividend is payable on November 2, 2026, to shareholders of record as of October 1, 2026. Additionally, management launched a new enterprise-wide cost savings program targeting $500 million in savings by fiscal 2030 and provided full-year fiscal 2027 guidance projecting adjusted EPS between $1.65 and $1.80. The Campbell's Company operates in the food manufacturing industry, producing soups, sauces, snacks, and beverages.
On June 17, 2026, The Campbell's Company announced that Daniel L. Poland, Executive Vice President and Chief Enterprise Transformation Officer, will step down from his role effective August 3, 2026. Mr. Poland will stay with the company until January 10, 2027, to assist with the transition of his responsibilities. The company operates in the consumer packaged goods industry, specializing in the manufacture and sale of canned soups, sauces, and other branded food products.
The Campbell's Company issued a press release on June 8, 2026, announcing its financial results for the quarter ended May 3, 2026. The filing is a standard 8-K for reporting purposes.
The Campbell's Company issued a press release on March 11, 2026, announcing its financial results for the quarter ended February 1, 2026. No specific financial figures were disclosed within the text of this filing.
The Campbell's Company priced an offering of $550 million in senior unsecured notes bearing a fixed interest rate of 4.550% per annum. The notes are scheduled to mature on March 21, 2031.