Campbell is cutting its quarterly dividend by about 36%, from $0.39 to $0.25 per share, and targeting $500 million in savings. It forecasts lower sales and adjusted earnings per share in fiscal 2027, while execution and consumer-demand risks remain.
Debt costs are rising, and Campbell is trying to shore up its balance sheet. The company will cut its quarterly dividend by about 36%, from $0.39 to $0.25 per share. It expects organic sales and adjusted earnings per share to fall by fiscal 2027. The cut is meant to reduce debt, but it also lowers the income shareholders receive. Coverage of the dividend reset tied the decision to weaker earnings and a tougher fiscal 2027 outlook.
Campbell reported fiscal 2026 net sales of about $9.74 billion and diluted EPS of $1.31.
The outlook leaves little room for delay. Campbell forecasts net sales will decline 2% to 4% in fiscal 2027. It expects adjusted earnings per share of $1.65 to $1.80, down from about $2.17 in fiscal 2026. The reported fiscal 2027 guidance points to a projected adjusted EPS decline of 17% to 24%. These are company forecasts, not reported results. Campbell has not given a timetable for reaching the $500 million savings target.
Moody's cut Campbell's credit rating, citing weak operating earnings in fiscal 2026 and expectations for further declines in revenue and operating profit in fiscal 2027 as the turnaround is executed.
A market snapshot from September 28, 2026, at 15:22 WIB showed Campbell Soup Co. shares at $19.44 on Pluang, up 0.36% for the day. The company's reported market capitalization was $5.78 billion. Its displayed dividend yield was 5.16%. That figure is a snapshot, not a promise of future income. The dividend cut changes the payout behind the investment case.
Investors should weigh the new payout against the operating forecast, not treat the quoted yield as the whole story. Dividend yield compares a company's dividend with its share price. It can change when either one moves, and it does not show on its own whether the company can keep paying. Campbell has put balance-sheet repair ahead of its previous dividend. Shareholders will need to see whether savings and brand investment can offset falling sales and profits. Until then, the cut is a financial reset, not proof of recovery.
