Earnings summaries and quarterly performance for CAMPBELL'S.
Executive leadership at CAMPBELL'S.
Mick J. Beekhuizen
Detailed
President and Chief Executive Officer
CEO
Carrie L. Anderson
Detailed
Executive Vice President and Chief Financial Officer
Charles A. Brawley, III
Detailed
Executive Vice President, General Counsel and Corporate Secretary
Daniel L. Poland
Detailed
Executive Vice President and Chief Enterprise Transformation Officer
Diane Johnson May
Detailed
Executive Vice President and Chief People and Culture Officer
Board of directors at CAMPBELL'S.
Archbold D. van Beuren
Detailed
Director
Bennett Dorrance, Jr.
Detailed
Director
Fabiola R. Arredondo
Detailed
Director
Grant H. Hill
Detailed
Director
Howard M. Averill
Detailed
Director
Keith R. McLoughlin
Detailed
Independent Board Chair
Kurt T. Schmidt
Detailed
Director
Marc B. Lautenbach
Detailed
Director
Maria Teresa (Tessa) Hilado
Detailed
Director
Mary Alice D. Malone, Jr.
Detailed
Director
Sarah Hofstetter
Detailed
Director
Research analysts who have asked questions during CAMPBELL'S earnings calls.
Andrew Lazar
Barclays PLC
5 questions for CPB
Also covers: BGS, BRBR, CAG +15 more
Kenneth Goldman
JPMorgan Chase & Co.
4 questions for CPB
Also covers: ACI, BRBR, BYND +17 more
Peter Galbo
Bank of America
4 questions for CPB
Also covers: CAG, CL, DOLE +23 more
James Salera
Stephens Inc.
3 questions for CPB
Also covers: BRBR, CAKE, CELH +20 more
Robert Moskow
TD Cowen
3 questions for CPB
Also covers: BGS, BRBR, BYND +27 more
Jim Salera
Stephens Inc.
2 questions for CPB
Also covers: BRBR, CAKE, CELH +20 more
Michael Lavery
Piper Sandler & Co.
2 questions for CPB
Also covers: BGS, BYND, CELH +22 more
Chris Carey
Wells Fargo Securities
1 question for CPB
Also covers: CLX, COCO, EPC +9 more
David Palmer
Evercore ISI
1 question for CPB
Also covers: BGS, BRBR, CAG +21 more
Megan Clapp
Morgan Stanley
1 question for CPB
Also covers: BRBR, GIS, HAS +13 more
Peter Grom
UBS Group
1 question for CPB
Also covers: BRBR, CELH, CHD +25 more
Tom Palmer
JPMorgan Chase & Co.
1 question for CPB
Also covers: ADM, GIS, HRL +8 more
Recent press releases and 8-K filings for CPB.
Campbell’s Company prices $550 million 4.550% notes due 2031
CPB
Debt Issuance
- $550 million aggregate principal amount of senior unsecured notes priced at 4.550% per annum, due March 21, 2031; issuance date December 15, 2025.
- Public offering price of 99.784%, resulting in a 4.598% yield to maturity and a 90 bps spread over the 3.500% Treasury due November 30, 2030.
- Interest payable semi-annually on March 21 and September 21 (first payment March 21, 2026) using a 30/360 day-count convention; make-whole call prior to February 21, 2031 and par call thereafter; change-of-control offer at 101% of principal plus accrued interest.
- Underwritten by Barclays Capital, BNP Paribas, BofA Securities, Citigroup, J.P. Morgan and UBS as joint book-runners.
4 days ago
Campbell's Company reports Q1 2026 results
CPB
Earnings
CFO Change
M&A
- Organic net sales decreased 1% and reported net sales of $2.7 billion, driven by unfavorable volume and mix partially offset by net price realization.
- Adjusted EBIT declined 11% to $383 million and adjusted EPS decreased 13% to $0.77, reflecting cost inflation, tariffs, and lower gross profit partially offset by cost savings.
- Adjusted gross profit margin fell 150 bps to 29.9%, with 520 bps of cost headwinds inclusive of 200 bps tariff impact, partially offset by $160 million in cost savings toward a $375 million fiscal 2028 target.
- Announced 49% acquisition of La Regina for $286 million to secure supply and strengthen partnership on the Rao’s pasta sauce brand, with an option to acquire the remaining 51% later.
- Leadership brands (~90% of net sales) held or grew share: meals & beverages share held/gained for the ninth consecutive quarter, while snacks saw four of eight brands grow or hold share; Goldfish multi-pack back-to-school campaign drove double-digit consumption increases.
Dec 9, 2025, 1:00 PM
Campbell’s Company reports Q1 2026 results
CPB
Earnings
M&A
Guidance Update
- Q1 net sales of $2.7 billion, down 3% year-over-year, with organic net sales down 1%; adjusted EBIT of $383 million (−11%) and adjusted EPS of $0.77 (−13%).
- Adjusted gross profit margin contracted 150 bps to 29.9%, impacted by 200 bps of tariffs; delivered $15 million in new cost savings (totaling $160 million toward a $375 million FY28 target).
- Announced acquisition of a 49% stake in La Regina (Rao’s sauces producer) for $286 million, with a call option on the remaining 51%; transaction expected to be EPS-neutral in FY 2026.
- Reaffirmed full-year FY 2026 guidance, anticipating tariffs at ~4% of COGS (60% steel/aluminum) with ~60% mitigation; net debt/EBITDA at 3.7×, with $120 million dividends and $24 million share repurchases in Q1.
Dec 9, 2025, 1:00 PM
Campbell’s Company reports Q1 fiscal 2026 results
CPB
Earnings
CFO Change
M&A
- Organic net sales down 1%, with net sales of $2.7 billion (–3%), adjusted EBIT of $383 million (–11%), and adjusted EPS of $0.77 (–13%)
- Fiscal 2026 guidance reaffirmed, including anticipated tariff impacts and mitigation actions
- 49% acquisition of La Regina for $286 million to secure supply and bolster Rao’s sauces partnership; closing expected in H2 FY 2026, EPS neutral
- Todd Cunfer appointed as new CFO after joining in Q1 FY 2026
Dec 9, 2025, 1:00 PM
Campbell Soup reports Q1 FY26 results
CPB
Earnings
Guidance Update
Share Buyback
- Q1 FY26 net sales were $2.7 billion (down 3% vs. prior year), organic net sales declined 1%, and adjusted EPS was $0.77 (down 13% vs. PY).
- Adjusted EBIT margin decreased by 150 bps to 14.3% in Q1 FY26.
- Meals & Beverages net sales totaled $1,665 million (−4% vs. PY) with operating margin at 17.8%, while Snacks net sales were $1,012 million (−2%) with operating margin of 12.2%.
- Reaffirmed FY26 guidance: organic net sales of −1% to +1% and adjusted EPS of $2.40 to $2.55.
- Returned $144 million to shareholders in Q1 via dividends and share repurchases.
Dec 9, 2025, 1:00 PM
Campbell’s reports Q1 fiscal 2026 results
CPB
Earnings
Guidance Update
M&A
- Net sales fell 3% to $2.7 billion (−1% organic), EBIT declined to $336 million (adjusted down 11% to $383 million) and EPS was $0.65 GAAP (adjusted $0.77).
- Operating cash flow was $224 million; the company paid $120 million in dividends and repurchased $24 million of stock.
- Entered definitive agreements to acquire a 49% stake in La Regina (Rao’s sauces) for $286 million, expected to close in H2 FY 2026 and be EPS-neutral.
- Reaffirmed FY 2026 guidance: organic net sales −1% to +1%, adjusted EBIT −13% to −9%, adjusted EPS $2.40–$2.55.
Dec 9, 2025, 12:16 PM
Campbell’s reports Q1 Fiscal 2026 results and reaffirms full-year guidance
CPB
Earnings
Guidance Update
M&A
- Campbell’s reported Q1 fiscal 2026 net sales of $2.7 billion (–3% YoY; –1% organic), GAAP EBIT of $336 million, adjusted EBIT of $383 million (–11%), GAAP EPS of $0.65, adjusted EPS of $0.77 (–13%).
- Operating cash flow was $224 million, and the company returned $144 million to shareholders, including $120 million in dividends.
- Entered into agreements to acquire a 49% interest in La Regina, producer of Rao’s pasta sauces, to deepen its strategic partnership.
- Reaffirmed full-year fiscal 2026 guidance: organic net sales –1% to +1%, adjusted EBIT –13% to –9%, and adjusted EPS of $2.40 to $2.55.
Dec 9, 2025, 12:15 PM
Campbell’s enters agreement to acquire La Regina sauce business
CPB
M&A
- Campbell Soup Supply Company LLC entered into an Equity Purchase Agreement to acquire 100% of membership interests in La Regina Atlantica, LLC from Felix Global Holdings for up to USD 140 million, payable in two tranches with the second tranche due on the first anniversary and at Campbell’s discretion in cash, shares, or a combination.
- Simultaneously, Campbell’s agreed to purchase La Regina di San Marzano di Antonio Romano S.p.A from Romano family shareholders under a Sale and Purchase Agreement, acquiring the Italian tomato-based pasta sauce business.
- Both transactions are subject to customary closing conditions—including no injunctions, no Material Adverse Change, and fulfillment of Seller’s warranties—and must close by the long-stop date of June 8, 2026, with interim covenants to maintain the businesses in the ordinary course.
Dec 9, 2025, 12:01 PM
Campbell’s holds FY 2025 annual meeting; re-elects directors, defeats shareholder proposals
CPB
Proxy Vote Outcomes
Dividends
Share Buyback
- Campbell’s shareholders re-elected all 12 director nominees, ratified PricewaterhouseCoopers LLP as auditor for fiscal 2026, and approved the advisory “say-on-pay” on fiscal 2025 executive compensation.
- Shareholder proposals to eliminate supermajority voting and to require a report on regenerative agriculture outcomes, including pesticide reduction, were both defeated.
- FY 2025 net sales reached $10.3 billion (+6% year-over-year; –1% on an organic basis), with adjusted EPS of $2.97 (–4%).
- The company delivered $145 million in cost savings under its program, increased the savings target by 50% to $375 million by FY 2028, paid $459 million in dividends (including a 5% per-share increase), and repurchased $62 million of shares.
Nov 18, 2025, 2:00 PM
Campbell's holds FY 2025 annual meeting and reports fiscal 2025 results
CPB
Proxy Vote Outcomes
Dividends
Share Buyback
- At the AGM, shareholders elected all 12 director nominees, ratified PricewaterhouseCoopers LLP as auditor for FY 2026 and approved the advisory “Say on Pay” vote on 2025 executive compensation; two shareholder proposals (simple majority voting and a regenerative agriculture report) were rejected.
- Fiscal 2025 net sales were $10.3 billion (up 6% vs. prior year), with organic net sales down 1% (meals & beverages flat; snacks down 3%) and adjusted EBIT up 2%; adjusted EPS was $2.97, a 4% decline.
- The company generated $1.1 billion in operating cash flow, paid $459 million in dividends (including a 5% per-share increase) and repurchased $62 million of shares.
- Delivered $145 million of cost savings under its $250 million program and expanded the target to $375 million by end of FY 2028 to offset tariff impacts.
Nov 18, 2025, 2:00 PM
Quarterly earnings call transcripts for CAMPBELL'S.
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