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Campbell'S (CPB) Q4 FY2026 earnings: revenue $2.1 billion, down 7.9% on the year

Campbell'S Co. (CPB) reported revenue of $2.1 billion for Q4 FY2026, the quarter ended 2 August 2026, down 7.9% on the same quarter a year earlier. Net income was -$60 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 24 September 2026.

Revenue$2.1 billiondown 7.9%
Net income-$60 million
Diluted EPS$-0.23
QuarterQ4 FY2026ended 2 August 2026

What management said

Guidance figures: 1 lowered, 3 new.

  • Reported sales fell 8% to $2.1B: Net sales decreased 8% to $2.1 billion in fourth quarter, with organic sales down only 1% after stripping out 7-point impact from extra week in prior year.
  • Adjusted EBIT fell 25% in quarter: Adjusted EBIT decreased 25% to $242 million in fourth quarter, with 8% of decline attributable to extra week impact from prior year.
  • Full-year adjusted EBIT down 21%: Fiscal 2026 adjusted EBIT decreased 21% to $1.181 billion, primarily due to gross margin declines from cost inflation and supply chain costs.
Read the earnings call summary

The quarter, against the one before and a year earlier

LineQ4 FY2026Q3 FY2026Q4 FY2025Change on the year
Revenue2,1372,3662,321-7.9%
Cost of revenue1,5541,7161,616-3.8%
Gross profit583650705-17.3%
Gross margin27.3%27.5%30.4%
Research and development28.025.026.0+7.7%
Operating income4.0239269-98.5%
Operating margin0.2%10.1%11.6%
Interest expense85.083.085.0+0.0%
Pre-tax income-79.0159184n/a
Income tax-21.035.039.0n/a
Effective tax raten/a22.0%21.2%
Net income-60.0124145n/a
Net margin-2.8%5.2%6.2%
Diluted EPS-$0.23$0.41$0.48n/a
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ4 FY2026Q3 FY2026Q4 FY2025Change on the year
Operating cash flow20099.0259-22.8%
Capital expenditure64.070.0130-50.8%
Free cash flow13629.0129+5.4%
Free cash flow margin6.4%1.2%5.6%
Cash from investing-59.0-64.0-107n/a
Cash from financing-147-194-164n/a
Depreciation and amortisation107105106+0.9%
Share-based compensation8.015.05.0+60.0%
Buybacks0.00.02.0n/a
Dividends paid116117116+0.0%
Dividend per sharen/a$0.39n/an/a
Diluted shares, weightedn/a299mn/an/a
Shares outstanding at period end298m298m298m+0.1%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ4 FY2026Q3 FY2026Q4 FY2025Change on the year
Shareholders' equity3,8504,0283,902-1.3%
Non-controlling interest2.02.02.0+0.0%
Redeemable equity304n/a0.0n/a
Debt7,1377,0106,857+4.1%
Operating lease liabilities207217259-20.1%
Finance lease liabilities51.049.038.0+34.2%
Other liabilities4,0973,8363,838+6.7%
Total liabilities and equity15,64815,14214,896+5.0%
Fixed assets2,8682,7352,767+3.7%
Goodwill5,3214,9934,991+6.6%
Intangible assets4,1984,3254,356-3.6%
Cash and equivalents394402132+198.5%
Receivables517552541-4.4%
Inventory1,6121,4511,424+13.2%
Other assets738684685+7.7%
Total assets15,64815,14214,896+5.0%

Questions

What was Campbell'S's revenue in Q4 FY2026?

Campbell'S (CPB) reported revenue of $2.1 billion for Q4 FY2026, the quarter ended 2 August 2026, down 7.9% on the same quarter a year earlier.

How much did Campbell'S earn in Q4 FY2026?

Net loss for Q4 FY2026 was $60 million, and the diluted loss per share $0.23.

When did Campbell'S report Q4 FY2026 results?

Campbell'S filed its 10-K for the year that ended with the quarter on 24 September 2026; the fourth quarter is the year less the first three.

Quarterly results, the last 12 quarters

Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026Q4 FY2026 *
Revenue2,5182,4562,3692,2932,7722,6852,4752,3212,6772,5642,3662,137
Cost of revenue1,7301,6801,6371,6181,9051,8661,7471,6161,8851,8471,7161,554
Gross profit788776732675867819728705792717650583
Gross margin31%32%31%29%31%31%29%30%30%28%27%27%
R&D24.025.027.026.026.025.023.026.024.022.025.028.0
Operating income35831724877.03673271612693362732394.0
Operating margin14%13%10%3%13%12%7%12%13%11%10%0%
Interest expense49.046.070.084.087.088.085.085.081.082.083.085.0
Pre-tax income310271182-6.028424781.0184256193159-79.0
Tax rate25%25%27%n/a23%30%19%21%24%25%22%n/a
Net income234203133-3.021817366.0145194145124-60.0
Net margin9%8%6%-0%8%6%3%6%7%6%5%-3%
Diluted EPS$0.78$0.68$0.44-$0.01$0.72$0.58$0.22$0.48$0.65$0.48$0.41-$0.23
Operating cash flow17451021328822551213525922451699.0200
Capital expenditure14312011314111010185.013012710070.064.0
Free cash flow31.039010014711541150.012997.041629.0136
Buybacks28.01.017.021.054.02.04.02.024.02.00.00.0
Dividends paid114110110111116111116116120117117116
Shares outstanding298m298m299m298m298m298m298m298m298m298m298m298m
Filing10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-K for the period ended 2 August 2026, filed 24 September 2026, accession 0000016732-26-000026: the filing on EDGAR. All of Campbell'S Co.'s filings: EDGAR company page.

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