Core Insights - Campbell's Company is identified as a high short interest stock with potential for investment, despite recent challenges in certain product lines [1] - Bernstein has lowered the price target for Campbell's Company to $33 from $39 while maintaining an Outperform rating, citing alignment with consumer trends in their product mix [1][3] - The company reported FQ1 earnings that exceeded analyst expectations, with a Non-GAAP EPS of $0.77 and quarterly revenue of $2.7 billion, despite a 3% year-over-year decline [2] Financial Performance - Campbell's Company achieved a Non-GAAP EPS of $0.77, surpassing analyst expectations by $0.04 [2] - Quarterly revenue reached $2.7 billion, exceeding forecasts by $40 million, although it represented a 3% decline compared to the previous year [2] Strategic Developments - The company is focusing on growth through its recently acquired Rao's sauces brand and has entered into agreements to acquire a 49% interest in La Regina, a sauce producer [3] - Campbell's Company reaffirmed its full fiscal year 2026 guidance, projecting an adjusted EPS between $2.40 and $2.55 [3] Product Segments - The Meals & Beverages division is benefiting from strong performance in broths and condensed soups, while premium brands like Pacifico and Rao's are performing well due to high-quality ingredients [1] - The Ready-to-Serve soup segment is facing challenges, particularly due to the discontinuation of the Well Yes! brand [1]

The Campbell’s Company (NasdaqGS:CPB) Q1 2026 Earnings Call December 09, 2025 08:00 AM ET Company ParticipantsTodd Cunfer - CFORebecca Gardy - Chief Investor Relations OfficerMick Beekhuizen - CEOConference Call ParticipantsPeter Grom - Equity Research AnalystChris Carey - Senior Equity AnalystDavid Palmer - Food and Restaurant AnalystJim Salera - AnalystAndrew Lazar - Equity AnalystMichael Lavery - Senior Equity Research AnalystRobert Moskow - AnalystTom Palmer - Senior Equity Research AnalystOperatorGood ...