Campbell's Analysts Slash Their Forecasts After Downbeat Q2 Results

Core Insights - Campbell's Co reported second-quarter earnings of 51 cents per share, missing the analyst consensus estimate of 57 cents per share [1] - Quarterly sales were $2.564 billion, also below the analyst consensus estimate of $2.610 billion [1] - The company lowered its fiscal 2026 adjusted earnings guidance to a range of $2.15 to $2.25 per share, down from a previous forecast of $2.40 to $2.55 per share, and below the analyst consensus estimate of $2.42 [2] Performance Highlights - The core Meals & Beverages portfolio showed in-market consumption growth, with the Rao's brand exceeding $1 billion in trailing twelve-month net sales [2] - Overall results were negatively impacted by weaker performance in the Snacks segment and disruptions in shipments due to storms [2] Market Reaction - Following the earnings announcement, Campbell's shares fell 1.8% to trade at $22.53 [3] - Analysts adjusted their price targets on Campbell's after the earnings report [3]