Why is Campbell’s stock down 7% today?

Campbell's (CPB) reported Q2 CY2026 revenue of $2.14B, down 7.9% YoY, meeting expectations. Non-GAAP EPS was $0.39, in line with estimates. Analysts expect a 1% revenue decline over the next 12 months. The stock dropped 7.4% post-earnings to $22.12.

Snowflake shares surged 24% after Q2 results beat estimates, with revenue of $1.55B and EPS of $0.62. Broadcom fell 2.5% on lower Q4 revenue forecasts. Campbell's dropped 7% on weak fiscal 2027 guidance. Ultragenyx plunged 46% after a failed drug trial. Petco rose 9% on strong Q2 margins. Moderna declined 2% after a downgrade. Argan gained 7.5% on better-than-expected earnings. Five Below rose 4.5% on strong Q2 results. Victoria's Secret fell 18% on missed revenue estimates. Netskope rose 12% on

Campbell Soup Company (CPB) issued annual forecasts below estimates, citing weak demand for higher-priced products. The company expects fiscal 2027 net sales to fall 2-4%, below analysts' estimate of a 0.8% drop. Q4 net sales declined 8% to $2.1B. CPB cut its quarterly dividend by over a third to 25 cents and aims for $500M in cost savings by 2030. Adjusted profit per share is forecast at $2.17, above analysts' estimate of $1.86.

CAMPBELL'S Co (CPB) filed an SEC Form 8-K — Results of Operations and Financial Condition. CAMPBELL'S REPORTS FOURTH QUARTER FISCAL 2026 RESULTS PROVIDES FULL-YEAR FISCAL 2027 GUIDANCE TARGETING $500 MILLION COST SAVINGS BY FISCAL 2030 RESETTING DIVIDEND TO ACCELERATE DEBT REDUCTION Fourth Quarter: • Net Sales decreased 8% to $2.1 billion and decreased 1% on an organic

Xanadu, a quantum computing firm, announced a new photonics hub in Toronto, supported by a $195 million CAD loan from the Canadian government. The facility, named Inception, will focus on quantum computing development and create 275 jobs. Xanadu aims to establish its first quantum data center by 2029 and sees this investment as a step toward Canadian leadership in quantum technology.

Utz UTZ.N agreed to be taken private by Germany’s Intersnack Group, with Utz’s founding families, in a deal valued at nearly $3 billion, the first U.S. acquisition for Intersnack. The article cites other family-led snack deals including Ferrero’s purchases of WK Kellogg and Power Crunch, and Mars’s $36 billion take-private of Kellanova. It notes valuation multiples and potential targets.