Key Highlights

  • Campbell's $0.25 quarterly dividend goes ex-dividend October 1, 2026 and is payable November 2, reduced from $0.39.
  • Fiscal 2026 net sales declined 5% to $9.7 billion, with GAAP EPS of $1.31 and adjusted EPS of $2.17.
  • Fourth-quarter GAAP EPS was a loss of $0.23, while adjusted EPS, a non-GAAP measure, was $0.39.
  • The company launched a cost-savings program targeting $500 million through fiscal 2030 and linked the dividend reset to debt reduction.

Overview

The Campbell's Company's (NASDAQ:CPB) $0.25 quarterly dividend yields 4.94% and follows a September 3, 2026 board decision to reduce the rate from $0.39, a 36% reduction according to the company. Fiscal 2026 GAAP EPS was $1.31 and adjusted EPS was $2.17, and the company tied the change to accelerating debt reduction. Fiscal 2026 shareholder returns totaled $496 million.

Dividend Program and Shareholder Returns

Campbell's board declared a regular quarterly dividend of $0.25 per share, payable November 2, 2026 to shareholders of record on October 1. The previous rate was $0.39 per share.

The company explicitly tied the reduction to accelerating debt reduction. The latest filing identifies no special or supplemental common dividend.

About the Company

The Campbell's Company is a branded food manufacturer with major businesses in Meals & Beverages and Snacks. Its portfolio includes Campbell's soups and meals, Rao's, Goldfish and Pepperidge Farm, sold through retail and foodservice channels. Results are exposed to food inflation, consumer purchasing behavior, promotional activity and input costs.

Financial Performance Behind the Payout

Campbell's reported fiscal fourth-quarter net sales of $2.14 billion, down 8%, and down 1% organically. GAAP EBIT was $4 million, and GAAP EPS was a loss of $0.23. Adjusted EBIT, a non-GAAP measure, was $242 million, down 25%, and adjusted EPS was $0.39, down 37%.

For fiscal 2026, net sales declined 5% to $9.7 billion and organic sales declined 2%. GAAP EBIT was $852 million and GAAP EPS was $1.31. Adjusted EBIT declined 21% and adjusted EPS declined 27% to $2.17.

Operating cash flow was $1.0 billion versus $1.1 billion a year earlier, and capital expenditures were $361 million versus $426 million.

A Dividend Reset Tied to Debt Reduction and a New Cost Program

On September 3, 2026, Campbell's reset the quarterly dividend and announced an enterprise-wide cost-savings program targeting $500 million through fiscal 2030. About $225 million had been achieved under the prior program.

Management cited top-line softness and inflation-driven margin pressure and said fiscal 2027 would focus on consumers, execution, cost reduction, brand investment and balance-sheet strengthening.

Campbell's acquired La Regina on May 4, 2026, and its results are fully consolidated in the fiscal-year figures.

Outlook

Campbell's targets $500 million of cost savings through fiscal 2030 and states fiscal 2027 priorities of consumers, execution, cost reduction, brand investment and balance-sheet strengthening. Debt reduction, organic net sales and La Regina's effect on the comparison base are the measures the company ties to those priorities.