Campbell's states that strategies to reduce the impact of tariffs have their limits.

Campbell’s Company is facing challenges in offsetting tariff impacts due to insufficient domestic supply of steel derivatives essential for canning, as noted by CEO Mick Beekhuizen. The company expects to mitigate 60% of tariff costs by fiscal 2026, with over half tied to Section 232 duties on steel and aluminum. Despite strategies like collaborating with suppliers and finding alternative sources, Campbell’s anticipates tariff expenses to reach around 4% of product costs. Limited tinplate capacity may necessitate price increases, impacting its meal and beverage sector. Transitioning to new suppliers is a lengthy process to ensure product quality.