Company Overview

The Campbell's Company, formerly known as Campbell Soup Company, changed its name in November 2024. Founded in 1869 and headquartered in Camden, New Jersey, this iconic American food manufacturer has evolved significantly from its soup-making origins into a diversified company with a broad portfolio spanning meals, beverages, and snacks.

Business Overview and Market Position

The Campbell's Company, along with its subsidiaries, manufactures and markets a wide range of food and beverage products primarily within the United States, with a smaller presence in Canada and Latin America, accounting for around 90% of its revenue. The company operates through two main segments: Meals & Beverages and Snacks. In fiscal year 2024 (ending in July), the Snacks segment contributed nearly half of the company's revenue, followed by soup (28%), other simple meals (17%), and beverages (7%).

The company has cemented its position as a dominant player in the packaged food industry. As of September 2025, Campbell's market capitalization stands at $9.83 billion.

Brand Portfolio and Product Segments

Meals & Beverages Division

This division is responsible for the retail and foodservice businesses in the United States and Canada. It offers a diverse array of products including:

- Campbell's condensed and ready-to-serve soups

- Swanson broth and stocks

- Pacific Foods broth, soups, and non-dairy beverages

- Prego pasta sauces

- Pace Mexican sauces

- Campbell's gravies, pasta, beans, and dinner sauces

- Swanson canned poultry

- V8 juices and beverages

- Campbell's tomato juice

- Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza and soups

- Michael Angelo's frozen entrées and pasta sauces

- noosa yogurts (recently divested)

Snacks Division

The Snacks segment features a popular range of products, including:

- Pepperidge Farm cookies, crackers, fresh bakery, and frozen products

- Goldfish crackers

- Snyder's of Hanover pretzels

- Lance sandwich crackers

- Cape Cod and Kettle Brand potato chips

- Late July snacks

- Snack Factory pretzel crisps

- Various other snacking products for foodservice in Canada.

The Company boasts a robust portfolio of approximately 16 well-recognized brands, such as Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory Pretzel Crisps, Snyder's of Hanover, Swanson, and V8.

Recent Financial Performance

Fiscal Year 2025 Results

For fiscal year 2025, The Campbell's Company reported total revenue of $10.25 billion, representing a 6.40% increase compared to the previous year's $9.64 billion. Earnings saw a rise of 6.17%, reaching $602.00 million.

Q4 Fiscal Year 2025 Performance

Despite challenging market conditions, the company delivered solid fourth-quarter results:

- Net sales increased by 1% year-over-year, reaching $2.3 billion.

- Organic sales experienced a decrease of 3%.

- The company reported quarterly earnings of $0.62 per share, exceeding the Zacks Consensus Estimate of $0.57 per share by 8.77%.

- Net earnings attributable to The Campbell's Company were $145 million, or $0.48 per share, a significant improvement from a loss of $3 million, or $0.01 per share, in the same period last year.

Key Financial Metrics

- Market Cap: $9.83 billion (as of September 2025)

- Dividend Yield: 4.69%

- EPS (TTM): $2.01

- Employees: 14,400

- Quarterly Dividend: $0.39 per share

Distribution and Sales Channels

The Campbell's Company distributes its products through a wide network of retail channels, including:

- Retail food chains

- Mass discounters and merchandisers

- Club stores

- Convenience stores

- Drug stores

- Dollar stores

- E-commerce platforms

- Other retail, commercial, and non-commercial establishments

- Independent contractor distributors

Recent Strategic Developments

The company has been strategically reshaping its brand portfolio through both acquisitions and divestitures:

- Acquisition of Rao's: This significant acquisition was completed in March 2024.

- Divestiture of noosa yoghurt: Campbell's completed the sale of its noosa yoghurt business to Lakeview Farms. Following this transaction, Lakeview Farms and noosa merged to form Novus Foods. Financial terms were not disclosed.

Leadership Changes

To drive growth and accelerate its strategic plan, The Campbell's Company has implemented key senior management changes:

- Elizabeth Duggan was appointed President of the Snacks division, effective May 12, 2025.

- Janda Lukin assumed the newly created role of Chief Growth Officer, effective June 2, 2025.

Market Challenges and Outlook

The company is navigating several market headwinds, including a 3% Q4 organic sales decline, intense market competition, and ongoing supply chain pressures. To address this, marketing spend is planned to increase to 9-10% of sales. Despite these challenges, management remains committed to long-term growth strategies and operational improvements to solidify its market position in the competitive packaged food industry.

Campbell's is scheduled to release its next earnings report on December 03, 2025.