New York, June 6, 2026, 15:14 (EDT)
- Campbell’s is set to exit the S&P 500 before the open on June 22, shifting over to the S&P SmallCap 600.
- The stock climbed 2.7% last week. This came as the Nasdaq dropped 4.7% and the S&P 500 lost 2.6%.
- The company is set to report its fiscal third-quarter numbers on Monday. Analysts expect both sales and earnings to be down.
Campbell’s Company faces two events this week: its S&P 500 exit coming up later in the month and its fiscal third-quarter numbers set for release Monday morning.
Campbell’s is set to drop out of the S&P 500 and join the S&P SmallCap 600 as of the open on June 22, S&P Dow Jones Indices said late Friday. The changes are part of a quarterly rebalance to maintain index market-cap targets. Marvell Technology and Flex will move into the S&P 500. Campbell’s and Pool Corp are both getting removed from that index.
The index change matters since funds that follow the S&P 500 usually have to sell the stocks being dropped and buy the new ones coming in. That can bring some trading pressure near the effective date. Still, this doesn’t say much on its own about how soup, sauce, or snack sales will look next quarter.
U.S. markets didn’t open Saturday. Nasdaq stocks trade on a regular schedule Monday to Friday, 9:30 a.m. to 4:00 p.m. ET. There are also pre-market and after-hours sessions.
Campbell’s (CPB) ended Friday’s session at $21.68, up 0.6%. The stock last traded at $21.75 in after-hours action, Google Finance showed. Turnover hit 13.46 million shares, topping the average volume of 7.40 million.
CPB gained 2.7% for the week, closing Friday at $21.68 after finishing at $21.11 on May 29, based on Investing.com’s historical data. The move came as the S&P 500 dropped 2.6% for the week, the Dow was down 0.3% and the Nasdaq lost 4.7%, according to AP.
Consumer staples topped the S&P 500 sectors Friday, Reuters reported, with investors buying defensively as tech and chip shares dropped. Stronger-than-expected U.S. jobs numbers sparked fresh doubts about Fed policy. “The dam just broke today” after nine straight weeks higher for stocks, said Carson Group strategist Ryan Detrick. Reuters
Campbell’s is set to release fiscal third-quarter results for the period ended May 3 on June 8. The company plans to issue a press release and pre-recorded remarks from management at 7:15 a.m. ET, then hold a live Q&A with CEO Mick Beekhuizen and CFO Todd Cunfer at 9:00 a.m. ET.
Zacks, in a note carried by TradingView, said analysts expect revenue of $2.39 billion, off 3.6% from last year. Earnings are projected at 48 cents a share, down 34.3%. Earnings per share, or EPS, is calculated as profit over shares outstanding. “Adjusted” EPS takes out some charges management and analysts see as non-core. TradingView
Campbell’s Snacks weakness weighs on second quarter
Campbell’s reported in March that net sales for the second quarter dropped 5% to $2.6 billion, with adjusted EPS down 31% to 51 cents. CEO Beekhuizen said results “fell short of our expectations,” citing soft Snacks sales and shipment delays tied to storms. The Campbell’s Company
The company cut its full-year fiscal 2026 outlook in March. It is now guiding for organic net sales to drop 1% to 2%, accounting for divestitures and the extra week in fiscal 2025. Adjusted EPS is expected between $2.15 and $2.25, down from the earlier $2.40 to $2.55 range.
Campbell’s is facing tougher competition from shoppers watching prices, but it’s not the only one. Google Finance shows General Mills and Kraft Heinz as related names. Both stocks traded higher Friday, with General Mills up 2.95% and Kraft Heinz gaining 0.49%.
But it could go the other way, too. If Snacks does better, or if promotions manage to boost volumes without hurting margins, that might cushion the S&P 500 exit. A poor report, though, would hit just as index funds get set to rebalance, putting CPB in the path of both selling on the numbers and mechanical index flows.
Skepticism on the stock is still high. Over the past three months, Google Finance shows 18 analyst calls: 12 holds and six sells, but no buys. The average target for the next year lands at $20.88, which is under where shares finished in Friday’s regular trading.
