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Campbell's (CPB) Q4 FY26 earnings results (fourth quarter fiscal 2026)

10-K filed Sep 24, 2026

Campbell's (CPB) reported revenue of $2.1B for the fourth quarter fiscal 2026 (Q4 FY26), -8% from a year earlier and -10% from the quarter before. Operating margin was 0.2%, net loss $58.0M (2.7% of revenue).

Revenue$2.1B
Year over year-8%
Quarter over quarter-10%
Operating margin0.2%
Net earnings−$58.0M

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 follows the revenue to costs, profit and cash.

Q4 FY26AmountQ/QY/Y
Revenue$2.1B-10%-8%
Operating profit$4.0M-98%-99%
Net earnings−$58.0M-147%-140%
Operating cash flow$200M+102%-23%
Free cash flow$136M+369%+5%

What changed

Revenue was $2.1B in Q4 FY26, down 8% year over year and down 10% from the previous quarter. Snacks was the largest line at 48% of revenue.

Operating profit was $4.0M, a 0.2% margin (down 11.4 points year over year). Total costs grew 4% against a revenue fall of 8%. The fastest-growing cost line was Other operating costs (+453%). The quarter ended with a net loss of $0.06B, after a profit of $0.12B the previous quarter. Net interest and other expense of $0.08B was the main reason.

Operating cash flow was $0.20B (down 23% year over year). Non-cash charges added back $0.11B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items added $0.14B. Capital expenditures of $0.06B left free cash flow of $0.14B.

Questions

What was Campbell's revenue in the fourth quarter fiscal 2026?

Campbell's (CPB) reported revenue of $2.1B for the fourth quarter fiscal 2026 (Q4 FY26), -8% from a year earlier and -10% from the quarter before.

Was Campbell's profitable in the fourth quarter fiscal 2026?

Operating profit was $4.0M (0.2% of revenue) and net loss $58.0M.

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Source: Campbell's 10-K on SEC EDGAR.