Campbell's Posts Q4 Loss, Cuts Dividend 36% To Reduce Debt
Campbell's said lower sales and inflation cut quarterly profit as it launched $500 million in cost savings and reduced its dividend to speed debt reduction.
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6 Articles
Campbell's Slides 9% on 36% Dividend Cut, General Mills Falls 4%, Kraft Heinz Drops 3%
Packaged-food names are selling sharply Thursday even as the broader staples complex holds firm and the wider tape climbs. The Consumer Staples Select Sector SPDR ETF (NYSEARCA:XLP) is flat at $85.57, while the S&P 500 tracking SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is up 1% to $772.73. The selling is inside center-store food, evidently. The […]
Campbell's Posts Q4 Loss, Cuts Dividend 36% To Reduce Debt
Campbell's reported Thursday a net loss for the fourth quarter compared to a profit last year, hurt by lower net sales and inflation-driven margin headwinds. The company also provided weak adjusted earnings, net sales and organic net sales growth guidance for the full-year 2027. Further, the company's Board of Directors reset its dividend to reduce debt and approved a 36 percent lower dividend.
Campbell’s Stock Drops 10% as Annual Dividend Cut Keeps $167 Million
CAMDEN, New Jersey, September 3, 2026, 09:49 (EDT) — Campbell’s shares fell 10% after the company reduced its dividend, retaining $167 million per year. Campbell's stock was down 10.0% at $21.40 as of 09:49 EDT.The quarterly dividend falls by 36% to $0.25, allowing around $167 million to be retained each year.Guidance for fiscal 2027 forecasts…
Campbell's stock plunges as food maker slashes dividend after sales, profit declines
What happened: The Campbell's Company (CPB) stock plunged 6% on Thursday morning. What's behind the move: The manufacturer of Goldfish and other foods reduced its dividend after reporting declines in net sales, earnings, and gross profit margin for its latest quarter. "Fourth quarter and fiscal…
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