Campbell's Sees Inflationary Pressures from Middle East Conflict -- Market Talk

Dow Jones

06/09

1254 ET - Campbell's expects the Middle East conflict to drive up logistics costs, hurting its bottom line. However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. (kelly.cloonan@wsj.com)

(END) Dow Jones Newswires

June 08, 2026 12:54 ET (16:54 GMT)

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However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. 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However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. (kelly.cloonan@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  June 08, 2026 12:54 ET (16:54 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CPB","symbol_name":"金宝汤","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2642243536","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2642243536","pubTimestamp":1780937640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1254 ET - Campbell's expects the Middle East conflict to drive up logistics costs, hurting its bottom line. 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However, the company backed its outlook for the fiscal year, given it expects a tariff refund benefit in the current quarter will offset the effects of the conflict. Campbell's CFO Todd Cunfer says the company was previously forecasting base inflation of around 3% before the conflict, and is now expecting an additional 2% to 3% on top of that if oil stays at around $100 a barrel. In addition to higher diesel costs, a driver shortage has also ramped up logistics and freight costs, he says. (kelly.cloonan@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  June 08, 2026 12:54 ET (16:54 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}