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.
来源: 10-Q Income Statement
该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
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.
营收
25.64亿美元
同比 -4.51%
每股收益（稀释）
0.48美元
同比 -17.24%
营业利润
2.73亿美元
同比 -16.51%
SEC XBRL 原值
CAMPBELL'S (CPB) Q2 FY2026 营收 25.64亿美元，同比下降 4.5%。 营业利润率 10.6%，较去年同期的 12.2% 收窄 1.6 个百分点。 CPB 的财年 Q2 FY2026 对应日历 Q1 2026。
近 4 个季度：2 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年9月 | 0.39 | 0.39 | 不及预期 -0.5% |
| 2026年6月 | 0.50 | 0.48 | 超预期 +3.5% |
| 2026年3月本次财报 | 0.51 | 0.57 | 不及预期 -10.9% |
| 2025年12月 | 0.77 | 0.74 | 超预期 +3.8% |
2026年3月 调整后（非 GAAP） EPS 0.51美元，分析师一致预期 0.57美元，不及预期 -10.9%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 0.48美元。
由 AI 基于本次 SEC 报告整理
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Cash Flow Statement
由 AI 基于本次 SEC 报告整理 · 高 3 中 1 低 1
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.
来源: 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.
来源: 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.
来源: 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.
来源: 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.
来源: 10-Q Cash Flow Statement
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 25.64 亿美元 | 26.85 亿美元 | -4.51% |
营业成本 亿美元 | 18.47 亿美元 | 18.66 亿美元 | -1.02% |
营业利润 亿美元 | 2.73 亿美元 | 3.27 亿美元 | -16.51% |
净利润 亿美元 | 1.45 亿美元 | 1.73 亿美元 | -16.18% |
每股收益（基本） 美元 | 0.49 美元 | 0.58 美元 | -15.52% |
每股收益（稀释） 美元 | 0.48 美元 | 0.58 美元 | -17.24% |
答案基于本次 SEC 报告与本页数据