Argus downgraded Campbell Soup to Hold due to volume declines and margin pressures

From Financial Modeling Prep: 2025-06-20 16:36:00

Argus downgraded The Campbell’s Company (NASDAQ:CPB) from Buy to Hold due to persistent volume declines and margin pressures despite easing price hikes. During peak inflation, aggressive price increases hurt unit sales. Volume recovery remains elusive, with six of the past eight quarters showing flat or negative trends as consumers opt for lower-cost alternatives. Rising input costs further impact margins. Argus remains positive on the recent Sovos acquisition, including the premium Rao’s brand, but sees limited upside at current levels.



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