The maker of the Goldfish snack also plans to stop using artificial dyes by the second half of its 2026 fiscal year.<\/p>\n
Published On 3 Sep 20253 Sep 2025<\/p>\n
Campbell\u2019s Co expects sales to fall in the coming year as tariff-driven economic uncertainty weighs on the food maker.<\/p>\n
In its fourth quarter earnings report released Wednesday, the New Jersey-based company said its sales will likely remain flat or decline by as much as 2 percent in the coming year.<\/p>\n
Campbell\u2019s, which is best known for its canned soup products, said that it expects that tariffs will account for about 4 percent of the cost of goods for the 2026 fiscal year which started August 4.<\/p>\n
The company says it plans to mitigate the cost with some price increases and other cost-saving measures as inflation weighs on how much consumers spend.<\/p>\n
\u201cConsumers continue to be increasingly deliberate in their food choices,\u201c CEO Mick Beekhuizen said.<\/p>\n
The latest consumer price index report reflecting the month of July, and which came out in mid-August, showed that prices overall for food at home increased by 2.2 percent compared over the same period a year ago.<\/p>\n
\u201cThe company faces a dynamic operating and regulatory environment resulting in substantial input cost pressures, primarily driven by tariffs, which, despite significant mitigation efforts, reduce its earnings outlook for the upcoming fiscal year,\u201d Beekhuizen said.<\/p>\n
Campbell expects annual adjusted profit per share to fall up to 18 percent to between $2.40 and $2.55, including tariffs, and below the estimates of $2.63, according to data compiled by LSEG.<\/p>\n