These Analysts Cut Their Forecasts On Campbell's After Q1 Results

Core Insights - Campbell's Co reported better-than-expected earnings for Q1, with earnings of 77 cents per share, surpassing the analyst consensus estimate of 73 cents per share [1] - The company achieved quarterly sales of $2.677 billion, exceeding the analyst consensus estimate of $2.657 billion [1] Financial Guidance - For fiscal 2026, Campbell's expects organic net sales to range between a 1% decline and 1% growth compared to fiscal 2025 organic sales of $9.98 billion [2] - Adjusted EBIT is projected to decline between 9% and 13% from fiscal 2025 levels of $1.46 billion [2] - Adjusted earnings per share are forecasted in a range of $2.40 to $2.55, indicating a 12% to 18% decline from fiscal 2025 adjusted EPS of $2.91 [2] Stock Performance and Analyst Ratings - Following the earnings announcement, Campbell's shares fell 1.6% to trade at $28.03 [3] - Analysts have adjusted their price targets for Campbell's: - Bernstein maintained an Outperform rating, lowering the price target from $39 to $33 [4] - Stifel maintained a Hold rating, reducing the price target from $34 to $30 [4] - RBC Capital maintained a Sector Perform rating, cutting the price target from $35 to $30 [4] - UBS maintained a Sell rating, lowering the price target from $28 to $26 [4]