Jim Cramer, bu iyi bilinen gıda şirketinin durumunu "kabus" olarak nitelendirdi

Jim Cramer Called This Well Known Food Company’s Situation A “Nightmare”

Sat, September 12, 2026 at 1:51 PM GMT+3 3 min read

• CPB +0.29%

The Campbell's Company (NASDAQ:CPB)'s shares closed 6.9% lower on September 3rd after it reported its fiscal fourth quarter earnings in the morning. The earnings weren't impressive as they saw the firm's revenue drop by 8% annually and its earnings meet analyst estimates. The weakness also led The Campbell's Company (NASDAQ:CPB)'s management to cut its dividend by 36% to $0.25 per share. Cramer wasn't impressed by the earnings either:

"Okay, I'm talking about Campbell's, it's a household name. Everybody knows it. . .it was a bad quarter, okay, it was a bad quarter, they're slashing dividends. And I want to introduce people to the concept of what a bad quarter means. You have these things called decks, they come out. And they always have key messages and usually they're very upbeat. . .Here Q4 Fiscal Year 26 key message "Q4 performance reflected sustained top line softness and inflation driven margin challenges." And it just gets worse from there, there's just frankly page after page of negative numbers. Rao's was a good buy, consistent strong performance. But oh my god, Carl, the snack business is bad, the soup business is, I don't even know what to say, I don't know what to say. . there are numbers in this thing that make me feel like that this is a brand that should have just gone away. And yet we all know it, we all know Campbell's. And I think that everyone feels that there is, Snack cosumption, [inaudible] -5.1. Organic net sales -6. Volume mix, -6, I mean you can't make up these numbers!. . .This is a nightmare situation."

The dividend cut was particularly surprising as it ended a 56 year streak of dividend payments. As Cramer discussed, The Campbell's Company (NASDAQ:CPB)'s earnings saw the firm's Snack businesses dollar consumption drop by 5.1% while its Snack organic sales dropped by 6%. The businesses' operating earnings also dropped by 34%. To make matters worse, The Campbell's Company (NASDAQ:CPB)'s managemnet also warned that the business could drop in the high single digit percentages in the fiscal first quarter. The firm didn't impress on the margins front either as gross margin fell by 190 basis points to 28.6% while management also guided a 50 to 100 basis point reduction in margins for the current fiscal year.Yet, while margins dropped, The Campbell's Company (NASDAQ:CPB)'s management also outlined a massive $500 million cost savings program to impact the entire business by fiscal year 2030. The firm's claim that the program can introduce as much as $100 million in savings in FY27 could generate tailwinds. Additionally, as Cramer mentioned, The Campbell's Company (NASDAQ:CPB) is a major brand and the firm utilized the advantage in the quarter to raise prices by 4% to 5% across 60% of its portfolio. It expects the impact from these prices to materialize by the second fiscal quarter.Ahead of the earnings, hedge fund interest in The Campbell's Company (NASDAQ:CPB) had increased in the second quarter. In Q2, 31 out of the 1,006 funds tracked by Insider Monkey had held a stake in the firm which marked an increase from the 26 out of the 1,022 funds in Q1. On the valuation front, The Campbell's Company (NASDAQ:CPB)'s forward P/E ratio of 12.89 is slightly higher than rival Heinz's 11.59. However, short interest as a percentage of float, is significantly higher at 27% compared to Heinz's 10%.READ NEXT: Jim Cramer Draws the Line on NVIDIA in China: Why National Security Comes First and Jim Cramer Defends His Dell Stance as Investors Complain About Missing Out.Disclosure: None.