Bear of the Day: The Campbell's Co. (CPB)

Campbell's Company reported Q4 fiscal 2026 earnings miss and announced its first dividend cut since 2001, reducing the quarterly dividend by 36% to $0.25 per share to accelerate debt reduction. The company faces headwinds from inflation, supply chain costs, and tariffs, with net sales declining 8%. For fiscal 2027, Campbell's guided earnings to decline as much as 24%, below analyst consensus expectations. Shares are down 22.8% year-to-date and trading near 5-year lows.