The Campbell Soup fallout continues as the company missed earning and cut revenue outlook

Campbell Soup shares fell more than 5% in premarket trading Wednesday after the company reported results for the second quarter of fiscal 2026 that missed expectations and lowered its full-year outlook.

The company reported earnings per share (EPS) of $0.51 for the quarter, missing analyst estimates of $0.57. Revenue came in at $2.6 billion, slightly below the consensus forecast of $2.61 billion.

Sales declined on an underlying basis, with organic revenue falling 3% year over year. Adjusted EBIT also dropped 24% from a year earlier to $282 million.

Campbell said weather-related disruptions contributed to the weaker performance. The company noted that January storm-related shipment delays and associated supply chain costs reduced quarterly net sales by about 1%, while cutting adjusted EBIT by roughly $14 million and adjusted EPS by approximately $0.04 per share.

Looking ahead, the company lowered its full-year outlook to reflect a more cautious view for the remainder of the year following softer first-half results and the current operating environment.

The company now expects full-year adjusted earnings per share of $2.15 to $2.25, down from its previous forecast of $2.40 to $2.55. The revised outlook also sits below the current analyst consensus estimate of $2.41.

Campbell now sees organic sales declining between 2% and 1%, versus earlier guidance that called for a range between a 1% decline and 1% growth.