Revenue Decline Across the Business
Total revenue fell 4.5% YoY to $2.564B in Q2 FY2026 from $2.685B in the prior-year period, indicating volume and/or pricing headwinds weighing on top-line performance.
Source: 10-Q Income Statement
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
CPB reported a challenging Q2 FY2026 with revenue declining 4.5% YoY to $2.56B and net income falling 16.2% to $145M, reflecting margin compression across the business despite stable operating cash flow.
Revenue
$2.56B
-4.51% YoY
EPS (Diluted)
$0.48
-17.24% YoY
Operating Income
$273M
-16.51% YoY
Source: SEC XBRL
CAMPBELL'S (CPB) reported Q2 FY2026 revenue of $2.56B, down 4.5% year over year. Operating margin was 10.6%, down 1.6 points from 12.2% a year earlier. CPB's fiscal Q2 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.50 | 0.48 | Beat +3.5% |
| Mar 2026This filing | 0.51 | 0.57 | Miss -10.9% |
| Dec 2025 | 0.77 | 0.74 | Beat +3.8% |
| Sep 2025 | 0.62 | 0.57 | Beat +9.4% |
Adjusted (non-GAAP) EPS of $0.51 versus the $0.57 analyst consensus — a -10.9% miss for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.48.
Compiled by AI from this SEC filing
Total revenue fell 4.5% YoY to $2.564B in Q2 FY2026 from $2.685B in the prior-year period, indicating volume and/or pricing headwinds weighing on top-line performance.
Source: 10-Q Income Statement
Operating margin contracted approximately 153 basis points YoY to 10.6% from 12.2%, as cost of revenue declined only 1.0% against a 4.5% revenue drop, squeezing gross profitability and flowing through to a 16.5% decline in operating income to $273M.
Source: 10-Q Income Statement & Key Ratios
Net income dropped 16.2% YoY to $145M, with diluted EPS falling 17.2% to $0.48 from $0.58, reflecting both the operating income decline and the impact of lower revenue on overall profitability.
Source: 10-Q Income Statement
Total liabilities declined 5.5% YoY to $11.34B and cash & equivalents fell sharply by 32.3% to $561M from $829M, suggesting the company may have used cash for debt repayment or operational needs, while stockholders' equity grew modestly 2.4% to $4.0B.
Source: 10-Q Balance Sheet
Year-to-date operating cash flow was essentially flat at $740M (vs. $737M prior year), demonstrating that despite lower reported earnings, the business continues to generate solid cash from operations; however, financing cash flow swung sharply negative to -$78M from +$160M, reflecting reduced borrowing or increased repayments.
Source: 10-Q Cash Flow Statement
Compiled by AI from this SEC filing · 3 high, 1 medium, 1 low
CPB's revenue declined 4.5% YoY to $2.564B in Q2 FY2026, suggesting the company may be facing consumer demand softness or market share erosion in its core food and beverage categories. Sustained volume declines could further pressure profitability if cost structures cannot be adjusted proportionally.
Source: 10-Q Income Statement
Operating margin fell from 12.2% to 10.6% YoY as cost of revenue declined only modestly (-1.0%) relative to the steeper revenue drop (-4.5%), indicating limited operating leverage. If input cost pressures persist or revenue continues to decline, margins could compress further.
Source: 10-Q Income Statement & Key Ratios
The debt-to-equity ratio stands at approximately 2.83x, reflecting a heavily leveraged balance sheet with total liabilities of $11.34B against stockholders' equity of $4.0B. Elevated leverage limits financial flexibility and increases vulnerability to rising interest rates or earnings shortfalls.
Source: 10-Q Balance Sheet & Key Ratios
Cash and equivalents declined 32.3% YoY to $561M, while the current ratio is barely above 1.0 at approximately 1.01x, leaving limited cushion for unexpected cash needs. The sharp swing in financing cash flow from +$160M to -$78M YTD further highlights tightening liquidity conditions.
Source: 10-Q Balance Sheet & Cash Flow Statement
Year-to-date share repurchases fell 53.6% to $26M from $56M in the prior-year period, suggesting the company is conserving capital amid earnings pressure and reduced cash balances. This may signal management's caution about near-term financial flexibility.
Source: 10-Q Cash Flow Statement
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.56 $B | 2.69 $B | -4.51% |
Cost of Revenue $B | 1.85 $B | 1.87 $B | -1.02% |
Operating Income $M | 273.00 $M | 327.00 $M | -16.51% |
Net Income $M | 145.00 $M | 173.00 $M | -16.18% |
EPS (Basic) $ | 0.49 $ | 0.58 $ | -15.52% |
EPS (Diluted) $ | 0.48 $ | 0.58 $ | -17.24% |
Answers draw on this SEC filing and the data on this page