Campbell’s forecasts FY2027 adjusted EPS USD 1.65-1.80, down 17%-24%

• Campbell’s forecast fiscal 2027 net sales down 2% to 4%, with organic net sales down 2% to 4%.
• Adjusted EBIT expected to fall 7% to 12%; adjusted EPS seen at $1.65 to $1.8, down 17% to 24%.
• Outlook assumes low-single-digit net pricing benefit; consumption trends broadly consistent with recent levels; La Regina modest sales contribution.
• Key pressures include 5% to 6% raw material and packaging inflation; double-digit logistics inflation; interest expense USD 345 million to USD 350 million.
• Margin support expected from productivity above 4% with benefits building; more than USD 100 million cost cuts in 2027 under a USD 500 million program.

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