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Campbell Cuts 13% Staff, Projects $500 Million Savings

9/6/2026

9 2 Full Breakdown

Summary

Story summary

Campbell cuts 13% of salaried staff and shuts two snack plants.
CFO Todd CunFer projects $500 million cost savings by fiscal 2030.
Company forecasts fiscal 2027 net sales down 2%-4%, below analysts’ 0.8% decline view.
Adjusted EPS projected $1.65-$1.80, under analysts’ $1.86 estimate.
Fourth-quarter net sales fell 8% to $2.14 billion, missing the $2.15 billion estimate.

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Story summary

Campbell cuts 13% of salaried staff and shuts two snack plants.
CFO Todd CunFer projects $500 million cost savings by fiscal 2030.
Company forecasts fiscal 2027 net sales down 2%-4%, below analysts’ 0.8% decline view.
Adjusted EPS projected $1.65-$1.80, under analysts’ $1.86 estimate.
Fourth-quarter net sales fell 8% to $2.14 billion, missing the $2.15 billion estimate.