02:48 PM EDT, 03/12/2026 (MT Newswires) -- Campbell's (CPB) lowered its fiscal 2026 guidance after Q2 results missed expectations, with continued weakness in the snacks segment pressuring the company's outlook, UBS said in a note emailed Thursday.

For fiscal 2026, Campbell's expects organic sales to decline 1% to 2%, a steeper drop than market forecasts, and projects earnings before interest and taxes to fall 17% to 20%, while lowering adjusted earnings per share guidance to $2.15 to $2.25, below prior consensus estimates, according to the report.

UBS noted that sentiment around the stock was already weak due to persistent top-line softness in the snacks segment, and the disappointing results and outlook could pressure shares further.

The firm maintained its sell rating on the stock with a price target of $24.

Shares of Campbell's were down more than 4.4% in Thursday trading.

Price: 21.95, Change: -1.00, Percent Change: -4.34