Campbell's Co director Howard M. Averill received a grant of 2,051.39 units of Phantom Stock, each economically equivalent to one share of common stock. This award is fully vested and payable in cash from the Company's Supplemental Retirement Plan upon his retirement, resignation or termination.
Following the grant, his Phantom Stock balance totals 36,668.31 units, which includes 483.55 units acquired through dividend reinvestment since his prior report. This transaction reflects a compensation-related award rather than an open-market share purchase or sale.
Schmidt Kurt reported acquisition or exercise transactions in this Form 4 filing.
CAMPBELL'S Co director Kurt Schmidt received a grant of 3,223.620 Phantom Stock units, each economically equivalent to one share of common stock. The phantom shares are fully vested and payable in cash from the Company’s Supplemental Retirement Plan upon his retirement, resignation or termination. Following this grant, Schmidt holds 54,490.370 Phantom Stock units, including 716.12 units accumulated through dividend reinvestment since his last report.
Campbell's Co director Keith R. McLoughlin received a grant of 3,854.82 phantom stock units, each economically equivalent to one share of Campbell's common stock. Following this compensation-related award, he holds a total of 66,479.55 phantom stock units, including 874.77 units acquired through dividend reinvestment. The phantom shares are fully vested and will be settled in cash under the Company’s Supplemental Retirement Plan upon his retirement, resignation, or termination.
Campbell's Co director Maria Teresa Hilado received a grant of 2,037.310 phantom stock units, each economically equivalent to one share of Campbell's common stock. These phantom shares are fully vested and will be paid in cash from the Company's Supplemental Retirement Plan upon her retirement, resignation or termination.
Following this award, she holds a total of 39,275.080 phantom stock units, which includes 520.16 units acquired through dividend reinvestment since her last report.
Campbell's Co director Marc Bradley Lautenbach received a grant of 2,023.22 shares of Phantom Stock, each economically equivalent to one share of common stock. These phantom shares are fully vested and their value is payable in cash from the Company’s Supplemental Retirement Plan upon his retirement, resignation or termination. Following this award, he holds 45,931.83 phantom stock shares, which includes 613.34 shares acquired through dividend reinvestment since his last report.
Campbell's Co director Sarah Hofstetter reported a grant of 1,882.32 units of Phantom Stock, each economically equivalent to one share of common stock. The phantom shares are fully vested and payable in cash from the Company's Supplemental Retirement Plan upon her retirement, resignation or termination.
After this award, she holds 31,452.28 Phantom Stock units, including 413.05 units acquired through dividend reinvestment since her last report.
The Vanguard Group filed Amendment No. 7 to a Schedule 13G/A regarding Campbell's Company common stock. The amendment states that, following an internal realignment effective 01/12/2026, certain Vanguard subsidiaries will report beneficial ownership separately; as reported here, The Vanguard Group beneficially owns 0 shares, representing 0% of the class.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/26/2026. The amendment explains the change in reporting posture relies on SEC Release No. 34-39538 (01/12/1998) and notes the subsidiaries pursue the same investment strategies previously used by The Vanguard Group.
The Campbell's Company reported lower quarterly results as costs and volumes pressured performance. Net sales for the quarter fell 5% to $2.564 billion, mainly from weaker volume/mix, divestitures and storm-related shipment delays. Gross margin declined to 28.0% from 30.5%, reflecting cost inflation, tariffs and supply chain costs partly offset by productivity gains and pricing.
Quarterly net earnings attributable to Campbell's were $145 million, or $0.48 per diluted share, down from $173 million or $0.58 a year earlier. For the six months, net sales were $5.241 billion with earnings of $339 million or $1.13 per share. Results included restructuring, cost-savings and optimization expenses, commodity hedge gains, litigation costs and other special items.
Campbell's continues multi-year cost savings and route-to-market optimization programs, with about $144 million of related costs incurred to date out of an estimated $245 million, plus significant associated capital spending. The company also agreed to acquire 49% of La Regina, producer of Rao’s tomato-based sauces, for $286 million, with options that could eventually increase ownership.
The Campbell's Company reported weaker second-quarter fiscal 2026 results, with net sales down 5% to $2.6 billion and organic sales down 3% versus a year ago. GAAP EBIT fell 17% to $273 million and adjusted EBIT declined 24% to $282 million.
GAAP diluted EPS decreased 17% to $0.48, while adjusted EPS dropped 31% to $0.51. Management cited softer Snacks performance and January storm-related shipment delays, which reduced net sales by about 1%, adjusted EBIT by roughly $14 million and adjusted EPS by about $0.04 per share.
For the full fiscal year 2026, the company lowered its outlook. It now expects organic net sales to decline 2% to 1%, adjusted EBIT to decline 20% to 17%, and adjusted EPS to decline 26% to 23%, to a range of $2.15 to $2.25, compared with fiscal 2025 adjusted EPS of $2.91.
Campbell's Co executive Cassandra Green, EVP and Chief Supply Chain Officer, has filed an initial statement of beneficial ownership. The Form 3 reports that she directly holds 41,913 shares of Campbell's Co common stock. This filing establishes her reported ownership position as an executive officer.