Campbell's Company (The) (CPB) Research

Forward Estimates

EPS Estimates

Current Qtr

$0.48

$0.46$0.50

vs $0.73-34.4%

17 analysts

Next Qtr

$0.41

$0.39$0.43

vs $0.62-33.7%

17 analysts

Current Yr

$2.17

$2.13$2.21

vs $2.97-27.0%

19 analysts

Next Yr

$2.09

$1.75$2.46

vs $2.17-3.8%

20 analysts

Revenue Estimates

Current Qtr

$2.38B

$2.36B$2.41B

vs $2.48B-3.8%

14 analysts

Next Qtr

$2.14B

$2.11B$2.16B

vs $2.32B-8.0%

14 analysts

Current Yr

$9.81B

$9.71B$10.65B

vs $10.25B-4.3%

18 analysts

Next Yr

$9.79B

$9.53B$10.82B

vs $9.81B-0.2%

18 analysts

SEC filings →

View all 10-K, 10-Q, and 8-K filings for CPB on EDGAR.

CPB filing events and research context
Filed	Item	Context
Sep 18, 2025	business	The Campbell's Company expanded its portfolio through the acquisition of Sovos Brands on March 12, 2024. The company manages its liquidity through a five-year credit agreement with JPMorgan Chase Bank, N.A., extended on August 5, 2025, and a series of notes with maturities ranging from 2026 to 2054. Operational stability is evidenced by product returns consistently remaining below 2% of net sales, totaling approximately $109 million in both 2024 and 2025. Executive compensation is aligned with shareholder interests via the 2022 Long-Term Incentive Plan, which utilizes performance-based restricted stock units tied to organic sales growth, adjusted earnings per share, and total shareholder return. Corporate governance is enforced through a Code of Ethics for senior financial officers and a general Code of Business Conduct and Ethics applicable to all employees and directors.
Sep 18, 2025	mda	Net sales grew 6% to $10.253 billion in 2025, driven by the $2.899 billion acquisition of Sovos Brands and a 53rd week, though gross profit margins declined to 30.4% due to cost inflation. Within Meals & Beverages, growth in Rao's pasta sauces and foodservice was offset by declines in U.S. soup and SpaghettiOs. The Snacks segment experienced a 4% sales decrease, with weakness in Goldfish, Snyder's of Hanover, and Pepperidge Farm cookies. To counter these trends, the company is targeting $375 million in annual cost savings by 2028. Significant headwinds include anticipated 2026 cost pressures from tariffs on ingredients and packaging materials, such as tinplate steel, and regulatory shifts regarding petroleum-based synthetic dyes. The company also recognized $176 million in 2025 impairment charges for the Snyder's of Hanover, Late July, and Allied brands trademarks. Portfolio optimization continued through the divestitures of Pop Secret and noosa yoghurt. Increased debt from the Sovos acquisition has raised interest expenses, with $400 million in senior notes maturing in March 2026.
Sep 18, 2025	risk_factors	The Campbell's Company faces significant exposure to financial market volatility, deteriorating economic conditions, and the impact of U.S. and reciprocal tariffs. Supply chain risks center on cost inflation for labor, raw materials, commodities, packaging, and transportation, alongside a heavy reliance on key contract manufacturers. The company must execute its growth strategy to maintain market share in snacks, soups, sauces, and beverages while countering competitive responses to product innovation and pricing strategies. A critical financial risk is the ability to realize projected synergies and accretion from the Sovos Brands transaction. Operational vulnerabilities include commodity price volatility, the effectiveness of hedging activities, and potential cybersecurity breaches or ransomware attacks. The customer landscape is shifting toward e-commerce and value retailers, and the company faces potential disruptions to its independent contractor distribution models due to regulatory or litigation actions. Additionally, the company manages substantial liabilities related to defined benefit pension plans and overall indebtedness. Macroeconomic threats include climate change, extreme weather, geopolitical conflicts, and political instability.

Filed

Item

Context

Sep 18, 2025

business

The Campbell's Company expanded its portfolio through the acquisition of Sovos Brands on March 12, 2024. The company manages its liquidity through a five-year credit agreement with JPMorgan Chase Bank, N.A., extended on August 5, 2025, and a series of notes with maturities ranging from 2026 to 2054. Operational stability is evidenced by product returns consistently remaining below 2% of net sales, totaling approximately $109 million in both 2024 and 2025. Executive compensation is aligned with shareholder interests via the 2022 Long-Term Incentive Plan, which utilizes performance-based restricted stock units tied to organic sales growth, adjusted earnings per share, and total shareholder return. Corporate governance is enforced through a Code of Ethics for senior financial officers and a general Code of Business Conduct and Ethics applicable to all employees and directors.

Sep 18, 2025

mda

Net sales grew 6% to $10.253 billion in 2025, driven by the $2.899 billion acquisition of Sovos Brands and a 53rd week, though gross profit margins declined to 30.4% due to cost inflation. Within Meals & Beverages, growth in Rao's pasta sauces and foodservice was offset by declines in U.S. soup and SpaghettiOs. The Snacks segment experienced a 4% sales decrease, with weakness in Goldfish, Snyder's of Hanover, and Pepperidge Farm cookies. To counter these trends, the company is targeting $375 million in annual cost savings by 2028. Significant headwinds include anticipated 2026 cost pressures from tariffs on ingredients and packaging materials, such as tinplate steel, and regulatory shifts regarding petroleum-based synthetic dyes. The company also recognized $176 million in 2025 impairment charges for the Snyder's of Hanover, Late July, and Allied brands trademarks. Portfolio optimization continued through the divestitures of Pop Secret and noosa yoghurt. Increased debt from the Sovos acquisition has raised interest expenses, with $400 million in senior notes maturing in March 2026.

Sep 18, 2025

risk_factors

The Campbell's Company faces significant exposure to financial market volatility, deteriorating economic conditions, and the impact of U.S. and reciprocal tariffs. Supply chain risks center on cost inflation for labor, raw materials, commodities, packaging, and transportation, alongside a heavy reliance on key contract manufacturers. The company must execute its growth strategy to maintain market share in snacks, soups, sauces, and beverages while countering competitive responses to product innovation and pricing strategies. A critical financial risk is the ability to realize projected synergies and accretion from the Sovos Brands transaction. Operational vulnerabilities include commodity price volatility, the effectiveness of hedging activities, and potential cybersecurity breaches or ransomware attacks. The customer landscape is shifting toward e-commerce and value retailers, and the company faces potential disruptions to its independent contractor distribution models due to regulatory or litigation actions. Additionally, the company manages substantial liabilities related to defined benefit pension plans and overall indebtedness. Macroeconomic threats include climate change, extreme weather, geopolitical conflicts, and political instability.

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CPB filing events and research context

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