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Campbell's forecasts weak year ahead on pressured consumer spending
Campbell's is aiming for substantial cost savings by 2030, after announcing a cut to its quarterly dividend to focus on debt reduction. In a surprising turn, the company's fourth-quarter revenue fell more sharply than expected by analysts. In this context, many lower-income consumers are moving to more affordable brands and store labels, leading Campbell's to revise prices across its entire product range.
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fooddive.com
Campbell’s slashes 13% of salaried workforce as part of $500M cost-cutting plan
The soup maker will also close two snack plants and cut its dividend as CEO Mick Beekhuizen said the company needs to take “decisive action.”
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qz.com
Campbell's cuts dividend, forecasts weaker fiscal 2027 sales
The soup maker's board approved a quarterly dividend of $0.25 per share, down from $0.39, to speed up debt reduction
