Campbell's (CPB) Lags Q4 Earnings and Revenue Estimates

Campbell Soup (CPB) missed on both lines in its fourth quarter, reporting earnings of $0.39 per share against the $0.40 consensus and revenue of $2.14 billion below expectations. The miss deepens year-over-year pressure: Q4 2023 delivered $0.62 per share, making this a 37% earnings decline. Shares are down 14.7% year-to-date, lagging the S&P 500's 12% gain by more than 26 percentage points. Zacks Investment Research downgraded CPB to a Rank #4 (Sell) following unfavorable estimate revisions, and noted the Food - Miscellaneous industry now ranks in the bottom 20% of all Zacks-tracked sectors. The combination of deteriorating earnings power, negative revisions, and relative weakness positions CPB as a laggard in a challenging category.