On September 3, Campbell Soup fell 11.52% in pre-market trading, trading around $21.20/share, with turnover of approximately $1.22 million. The sharp decline was triggered by the company's fiscal Q4 earnings report released before the open.
Campbell Soup reported fiscal Q4 adjusted EPS of $0.39, matching analyst consensus but representing a steep 37.1% decline from $0.62 in the year-ago period. Revenue came in at $2.137 billion, falling short of the $2.146 billion Street estimate and contracting meaningfully on a year-over-year basis. The miss on the top line reflects persistent weakness in the Snacks segment and intensifying competition across the packaged food industry.
The result was broadly in line with cautious pre-earnings commentary from multiple Wall Street firms. UBS had flagged mounting cost pressures and ongoing demand softness heading into the quarter, while RBC Capital Markets warned that weakening consumer health would likely weigh on volume growth into fiscal 2027. Notably, several analysts had already lowered price targets in recent months, with the current mean target at approximately $19.41 — below the pre-decline trading level — and a consensus rating of Hold. UBS maintains a Sell rating with an $18 target, while BofA Securities also carries an Underperform rating.
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