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Campbell's cuts dividend for first time since 2001 due to snack segment losses.

Company Fundamentals
04 Sep 2026
24/7 Wall Street
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Bearish
Campbell's cuts dividend for first time since 2001 due to snack segment losses.

Campbell's announced a 36% cut to its quarterly dividend, the first since 2001, to strengthen its balance sheet amid significant losses in its snack segment. While its Meals & Beverages division showed growth, the snack business saw a 12% revenue decline and a 34% drop in operating earnings, forcing the dividend reduction. The company plans cost savings and debt refinancing to stabilize finances, but investors face uncertainty about future payouts.

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