Filing Flows › Campbell's (CPB) › Q4 FY26 › vs Q3 FY26
Campbell's (CPB) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Campbell's's revenue fell $229M (-10%) from $2.4B in Q3 FY26 to $2.1B in Q4 FY26. The biggest changes: Soup −$159M (-28%); Other Simple Meals −$58.0M (-10%); Beverages −$14.0M (-8%).
Campbell's, Q4 FY26: revenue $2.1B (-8% year over year), operating margin 0.2%, net loss $58.0M, operating cash flow $200M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 6.4% | 1.2% | +5.1 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Snacks | $1.0B | $1.0B | $2.0M | +0.2% |
| Other Simple Meals | $520M | $578M | −$58.0M | -10% |
| Soup | $419M | $578M | −$159M | -28% |
| Beverages | $163M | $177M | −$14.0M | -8% |
| Revenue | $2.1B | $2.4B | −$229M | -10% |
| Income tax benefit | $21.0M | −$35.0M | $56.0M | — |
| Net loss | $58.0M | −$124M | $182M | — |
| Costs & expenses | $2.2B | $2.4B | −$150M | -6% |
| Operating costs | $2.1B | $2.1B | $6.0M | +0.3% |
| Interest & other, net | $83.0M | $80.0M | $3.0M | +4% |
| Cost of revenue | $1.6B | $1.7B | −$162M | -9% |
| Research & development | $28.0M | $25.0M | $3.0M | +12% |
| Sales & marketing | $188M | $214M | −$26.0M | -12% |
| General & admin | $164M | $155M | $9.0M | +6% |
| Other operating costs | $199M | $17.0M | $182M | 12× |
| Operating cash sources | $258M | −$25.0M | $283M | — |
| Depreciation & amortization | $107M | $105M | $2.0M | +2% |
| Share-based compensation | $8.0M | $15.0M | −$7.0M | -47% |
| Working capital & other | $143M | −$145M | $288M | — |
| Net loss absorbed | $58.0M | −$124M | $182M | — |
| Operating cash flow | $200M | $99.0M | $101M | +102% |
| Free cash flow (OCF − capex) | $136M | $29.0M | $107M | +369% |
| Capital expenditures | $64.0M | $70.0M | −$6.0M | -9% |
Questions
How much did Campbell's's revenue grow quarter over quarter in Q4 FY26?
Campbell's's revenue fell $229M (-10%) from $2.4B in Q3 FY26 to $2.1B in Q4 FY26.
What drove Campbell's's revenue change in Q4 FY26?
Soup −$159M (-28%); Other Simple Meals −$58.0M (-10%); Beverages −$14.0M (-8%).