The Campbell's Company (CPB) earnings on September 3, 2026

Before the market opens Q2 2026

More The Campbell's Company earnings

Prior outlook: Pessimistic Outcome: Accurate

Campbell's stock dropped sharply after the company announced a cost-cutting plan that includes closing plants and reducing jobs as it deals with pressure on its profit margins.

CPB price around the earnings

22.13

Change: -6.9%

2026-09-03, 20:00 UTC

Start of the measured window End of the measured window
21.00 22.04 23.09 24.13 23.78
Price series around the eventClosing price per minute from before the event to the end of the measured window.
September 3, 2026
  • Price: green if it ends above the starting price; red if it ends below
  • Start of the measured window
  • End of the measured window
  • Market open
  • Starting price
Price series around the event

Prior thesis

Prior outlook: Pessimistic Outcome: Accurate

Thesis published
Results released

Positive trend strength vs pessimistic analyst consensus

Campbell Soup shows positive price trend strength (+6.41% over 30 days), but analysts maintain a pessimistic outlook with an -8% downside target and a Sell rating from UBS. Retail participants are overly optimistic while professionals remain cautious.

Context analyzed before publication

Summary
Positive trend strength vs pessimistic analyst consensus
Playbook
The stock has gained +6.41% over 30 days and +5.43% relative to the market, yet analyst consensus points to -8% downside. This creates divergence between retail enthusiasm and institutional caution.
Trend
Scores fluctuated in negative territory, no clear direction

Analysts

Drivers

  • Analysts Negative

    Analyst consensus shows -8% target upside and a Sell rating from UBS.

Evidence

Analyst consensus
Hold
Consensus average (1-5)
3.3
Analysts covering the stock
17
Average price target
21.88
Lowest price target
14
Highest price target
56
Upside to price target
-8%
Quarterly earnings growth
87.9%
Revenue growth
-4.4%
Forward EPS
1.9
Trailing EPS
2.05
Analyst moves in the last 60 days
6
  • Strong buy: 0
  • Buy: 1
  • Hold: 13
  • Sell: 2
  • Strong sell: 4
Strong buy
0
Buy
1
Hold
13
Sell
2
Strong sell
4
  • August 31, 2026 · RBC Capital: Reiterates rating (Sector Perform → Sector Perform)
  • August 31, 2026 · Evercore ISI Group: Maintains rating (In-Line → In-Line)
  • August 20, 2026 · UBS: Maintains rating (Sell → Sell)
  • August 19, 2026 · TD Cowen: Maintains rating (Hold → Hold)
  • August 18, 2026 · JP Morgan: Maintains rating (Neutral → Neutral)
  • July 22, 2026 · Stifel: Maintains rating (Hold → Hold)

News and sentiment

Evidence

Sentiment
Sentiment
Constructive
Mention volume
High
Normalized volume
99%
News
Sources (8)

Technicals

Drivers

  • Technical Positive

    The asset shows a trend of +6.41% over 30 days and +5.43% relative strength vs SPY, but the scenario points pessimistic.

Evidence

Price when the context was analyzed
23.81
Average true range (ATR)
2.3%
Distance to 52-week high
-25.7%
14-day change (14d)
+0.1%
30-day change (30d)
+6.4%
30-day relative strength
+5.4%
SPY change (30d)
+1.0%
Nearest support
23.75
Distance to nearest support
0.2%
Nearest resistance
23.86
Distance to nearest resistance
0.2%
Volume accumulation ratio (14d / 46d)
0.75
  • Minor: 23.75 (0.2% away, 0.1 ATR, 6 touches)
  • Minor: 23.57 (1% away, 0.42 ATR, 6 touches)
  • Mid: 23.44 (1.5% away, 0.65 ATR, 6 touches)
  • Minor: 23.86 (0.2% away, 0.1 ATR, 3 touches)
  • Minor: 24.03 (0.9% away, 0.4 ATR, 2 touches)
  • Mid: 24.16 (1.5% away, 0.64 ATR, 14 touches)

Trends

Evidence

Average earnings surprise
+1.9%
  • June 8, 2026: actual EPS 0.5 vs estimate 0.48 (surprise +4.5%)
  • March 11, 2026: actual EPS 0.51 vs estimate 0.57 (surprise -10.6%)
  • December 9, 2025: actual EPS 0.77 vs estimate 0.73 (surprise +5.0%)
  • September 3, 2025: actual EPS 0.62 vs estimate 0.57 (surprise +8.8%)

Expected move

Drivers

  • Past earnings Positive

    75% beat rate with an average surprise of +1.9% over the last four quarters.

Implied move
+7.4%
Source
Options chain

Reactions over its last 20 earnings

Median move
2%
75th percentile move
6.2%
90th percentile move
7.1%
Up / down moves
9 / 11
Average up move
+3.2%
Average down move
-3.9%

Monitoring and close

What The Campbell's Company reported

Status
Finished
Actual EPS0.39
EPS estimate0.39
EPS surprise+0.7%

Campbell's faces mounting pressure with a fourth straight sales decline, 36% dividend cut, and reduced full-year guidance. The company plans price hikes to combat inflation. Stock fell 9%.

Sources (26)

Pre-market second reading after the results

There is no second reading available for this event.

How the stock reacted

Outcome
Accurate
Consolidated
-6.9%
Max favorable move (MFE)
12.8%
Max adverse move (MAE)
0.7%