Campbell's Forecasts Muted Fiscal 2026 Profit on Tariff Pressures
Goldfish crackers maker Campbell's Co on Wednesday forecast fiscal 2026 profit below Wall Street estimates, as tariff pressures are set to ramp up input costs, even as it contends with sluggish demand for snacks.
The New Jersey-based company expects tariffs to account for roughly 4% of its cost of goods sold, signaling added challenges for consumer companies from the Trump administration's trade policies as they navigate tepid demand from inflation-weary customers.
Campbell's shares, down 25% this year, rose 1.7% in premarket trading following the announcement...
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