JOURNAL ARTICLE

Campbell's Cuts Outlook to 17-Year Low as Shoppers Forgo Chips.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Gonzalez, Ignacio 3 of 3

Abstract

The article focuses on Campbell's Co. lowering its full-year profit forecast to the lowest level since 2009 due to declining consumer demand for chips and pretzels and supply constraints affecting freshly baked goods. The company's Snacks division underperformed in the second fiscal quarter, contributing to missed earnings expectations and prompting $100 million in additional cost-cutting measures and a suspension of share repurchases. Supply chain disruptions from a January storm also impacted the Meals & Beverages unit, although results would have fallen short even without this event. Overall, Campbell's reported its steepest profit decline since earnings began contracting five quarters ago. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/03, pN.PAG
  • Document Type:Article
  • Subject Area:Business and Management
  • Publication Date:2026
  • Accession Number:192231001
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