Episode Details

Campbell’s is slashing 13% of salaried jobs and shutting down two snack plants in a bold move to slash $500M by 2030, as CEO Mick Beekhuizen admits recent performance fell short — and they’re not waiting for things to fix themselves. Facing rising costs, price hikes, and shifting consumer habits toward cheaper store brands, the company projects a 2-4% sales drop and earnings below forecasts for FY2027, with Q4 net sales down 8%. Despite declining snack volume, meals and beverages saw slight gains — and now, Campbell’s is laser-focused on rebuilding long-term value, cutting financial risk, and protecting its credit rating.

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