“Make no mistake, our results remain unacceptable,” CEO Mick Beekhuizen said. “But instead of waiting for the environment to improve around us, we are addressing reality head-on.”<\/p>\n
The company has 4,300 salaried workers, according to The Wall Street Journal. It had approximately 13,700 full-time and part-time employees as of August 2025, according to a filing with the Securities and Exchange Commission.<\/a><\/p>\n UBER TO CUT THOUSANDS OF JOBS IN SWEEPING RESTRUCTURING EFFORT<\/a><\/p>\n Cans of Campbell’s chicken noodle soup for sale are displayed at a store on July 22, 2026, in Washington, D.C. (Kevin Carter\/Getty Images)<\/p>\n Consumer goods companies have increasingly faced resistance from budget-conscious shoppers, particularly lower-income households that have gravitated toward cheaper, private-label and value brands.<\/p>\n Despite this, Campbell’s has raised prices in recent years to protect its margins against rising costs of raw materials, logistics and investments behind soup and sauce<\/a> launches and holiday merchandising programs.<\/p>\n MICROSOFT CUTS 4,800 POSITIONS, INSISTS JOBS ‘NOT BEING REPLACED BY AI’<\/a><\/p>\n The company has implemented average price increases of 4% to 5% across roughly 60% of its portfolio, with benefits expected to begin flowing through in the second quarter, even as sales take a hit, CFO Todd Cunfer said on a call with analysts.<\/p>\n The company said it plans to generate about $500 million in cost savings by fiscal 2030.<\/p>\n Campbell’s soup at a supermarket in Hercules, Calif., Dec. 8, 2025 (David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n “With this program, we are focused on increasing speed and accountability and improving our margins and cash flow,” Beekhuizen said.<\/p>\n Campbell’s expects fiscal 2027 net sales to decline 2% to 4%, compared with analysts’ expectations<\/a> for a 0.8% drop, according to data compiled by LSEG. It forecast adjusted earnings per share of $1.65 to $1.80, below estimates of $1.86.<\/p>\n TOP TOBACCO COMPANY TO CUT THOUSANDS OF JOBS<\/a><\/p>\n Net sales fell 8% to $2.14 billion in the fourth quarter, slightly missing estimates of $2.15 billion, while adjusted earnings per share of 39 cents were in line with expectations.<\/p>\n Ticker Security Last Change Change % CPB<\/a> THE CAMPBELL’S CO. 21.38 -0.74 Volumes in the company’s snacks segment fell 6%, while prices rose 1%. For its meals and beverages segment, where prices remained the same, volumes rose 3%.<\/p>\n “Our priorities are clear: return Campbell\u2019s to a sustainable, long-term value creation model, reduce financial risk and maintain our investment-grade<\/a> credit rating,” Beekhuizen added.<\/p>\n![\"Campbell's](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/09\/campbells-chicken-noodle-soup-cans.jpg\")
<\/p>\n![\"Cans](\"https:\/\/www.newsbeep.com\/us\/wp-content\/uploads\/2026\/09\/campbells-chunky-soup-cans.jpg\")
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\n -3.37%<\/p>\n