Campbell's Shares Drop Sharply Following Quarterly Loss and Dividend Reduction

Campbell Soup Company's stock fell to a six-month low after reporting a quarterly swing to loss and announcing a dividend cut, prompting UBS to warn of continued financial headwinds.

3 Sept, 15:00 — 3 Sept, 15:00

Post Share

Sources

Showing 1 of 1 sources

zerohedgeLow4d ago

Campbell's Shares Tumble After Dividend Cut As UBS Warns Of "Another Tough Year"

Campbell's Shares Tumble After Dividend Cut As UBS Warns Of "Another Tough Year" Shares of soup-and-snack maker Campbell's tumbled the most in nearly six months in premarket trading after the company swung to a quarterly loss, slashed its dividend, and warned that weakening demand and elevated costs were squeezing margins. Campbell's expects fiscal 2027 adjusted EPS of $1.65 to $1.80, missing the Bloomberg Consensus estimate of $1.84. Net and organic sales are expected to contr...

By Tyler Durden

Read full article →

Campbell's Shares Drop Sharply Following Quarterly Loss and Dividend Reduction

Sources

Campbell's Shares Tumble After Dividend Cut As UBS Warns Of "Another Tough Year"

Related Stories

Next Wins Appeal to Overturn £30 Million Equal Pay Ruling

UEFA to Honor Nepal Flood Victims With Minute of Silence Before Champions League Matches

Grindr Agrees to £26 Million Settlement Over Alleged Sharing of Users’ HIV Data

Dangote Refinery Launches $1.6 Billion IPO in Nigeria