Campbell’s shares fell more than 9% after mixed fourth-quarter results, a 36% cut in the quarterly dividend to 25 cents from 39 cents to accelerate debt reduction, and fiscal 2027 adjusted EPS guidance of $1.65 to $1.80 that trailed analyst estimates near $1.85. Fourth-quarter adjusted EPS of 39 cents matched estimates while sales of $2.137 billion missed the $2.146 billion consensus; net sales fell 8% and organic sales declined 1%. Adjusted gross margin contracted 190 basis points to 28.6% under inflation, tariffs and supply-chain costs. The company still projects fiscal 2027 net sales to decline 2% to 4%, expects sharp first-quarter EPS and margin pressure before sequential improvement, and unveiled a new $500 million cost-savings program by fiscal 2030, including about $350 million of newly identified incremental savings.