Campbell's hits 23‑year low

Campbell’s closed at $20.43 on April 10, its lowest finish since May 2003, capping a slide that has cut the stock nearly in half over 12 months. (finance.yahoo.com 1) (finance.yahoo.com 2) At that close, Campbell’s market value was about $6.1 billion, based on Yahoo Finance data, putting it at the very bottom of the Standard & Poor’s 500 by market capitalization on several market trackers. (finance.yahoo.com) (slickcharts.com) (companiesmarketcap.com) The latest sharp leg down came after Campbell’s reported fiscal second-quarter results on March 11, 2026. MarketBeat said revenue fell 4.5% year over year to $2.56 billion and adjusted earnings per share came in at $0.51, below the $0.57 analyst estimate. (sec.gov) (marketbeat.com) Coverage after that report pointed to weaker snack demand, more price cuts, and a lower full-year outlook. MarketWatch said the selloff put the shares on track for their lowest close since May 20, 2003, while Reuters and other outlets reported Campbell’s cut its annual sales and profit forecasts. (marketwatch.com) (stockanalysis.com) That drop lands awkwardly for a company that only recently tried to tell investors it was bigger than soup. Shareholders approved the corporate rename to The Campbell’s Company in November 2024, after management said brands like Goldfish, Pepperidge Farm, Rao’s, Snyder’s of Hanover, Pace, Prego and V8 better reflected the business. (thecampbellscompany.com 1) (thecampbellscompany.com 2) The company is still a large packaged-food business by sales, not a niche brand. StockTitan’s company summary, based on company disclosures, said Campbell’s generated $10.3 billion in fiscal 2025 net sales across two divisions: Meals and Beverages, and Snacks. (stocktitan.net) Investors have been marking down much of the packaged-food sector as shoppers pull back and trade down to cheaper options. Barron’s coverage cited Wells Fargo downgrades on Campbell’s, Conagra and General Mills, warning that inflation and sluggish consumption could pressure earnings even with high dividend yields. (stockanalysis.com) Campbell’s dividend yield has climbed with the falling share price. Yahoo Finance listed the forward annual dividend at $1.56 a share, equal to a 7.64% yield at the April 10 close, a level that can attract income investors but can also signal that the market expects slower growth or more risk. (finance.yahoo.com) For now, the chart says investors are treating Campbell’s less like a defensive staple and more like a company that still has to prove its snack-heavy reset can deliver steadier sales. (finance.yahoo.com) (thecampbellscompany.com)