Campbell Soup Company · CPB · Next earnings

Campbell Soup Company reports Tuesday, Dec 8, 2026

CPB reports before market open with consensus EPS at $0.45 and revenue at $2.56B. Last quarter: Campbell's Q3 FY26: EPS Beats as Cost Discipline Offsets Inflation

Reports Before market open79 days awayDate estimated Consumer Defensive

What the street expects

Consensus for the coming report
Consensus EPS $0.45 Calendar consensus
Consensus revenue $2.56B Calendar consensus
Report date Dec 8, 2026 Tuesday, date estimated
Session Before market open 79 days away

Where CPB left off: FY2026 Q3

Full report

Campbell's Q3 FY26: EPS Beats as Cost Discipline Offsets Inflation

EPS surprise +4.4% Reported $0.50 vs $0.48
Revenue surprise -0.6% Reported $2.37B vs $2.38B
Stock move -0.9% Event window
Subsequent drift +2.3% Up to 20 sessions

Guidance was maintained. Management reaffirmed the FY26 outlook with no change to dividend policy. The $100M SG&A reduction and early-retirement program are new cost initiatives layered into the existing plan. A tariff refund of $0.03 to $0.04 per share is expected in Q4. M&A is explicitly off the table, and capex remains limited to priority projects.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Sustained high inflation and oil price volatility
  • Driver and logistics shortages increasing freight costs
  • Potential share dilution from recent acquisition
  • Tariff refund timing uncertainty
  • Pressure in the salty snack category

Questions analysts left open

  • Magnitude of inflation impact through FY27
  • Potential need for price increases versus volume loss
  • Effect of tariff refunds on earnings
  • Share count increase from acquisition and its EPS impact
  • Timeline for stabilizing the salty snack business

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Recent CPB quarters

All CPB earnings
-0.9%FY2026 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.