Campbell's Co. has recently released its 10-Q report, providing an insight into the company's financial performance and operations. The company, known for manufacturing and marketing food and beverage products, operates through two segments: Meals & Beverages and Snacks. The Meals & Beverages segment focuses on retail and foodservice businesses in the United States and Canada, offering a wide range of products such as soups, pasta sauces, and beverages. On the other hand, the Snacks segment retails products like cookies, crackers, and potato chips, and is also involved in the retail business in Latin America. The company was founded in 1869 and is headquartered in Camden, New Jersey.
In the 10-Q report, Campbell's Co. discussed the Management's Discussion and Analysis of Financial Condition and Results of Operations. The report highlighted the company's acquisition of Sovos Brands, Inc. for a total purchase consideration of $2.899 billion and the subsequent sale of its Pop Secret popcorn business and noosa yoghurt business. The company also provided an overview of the business trends, including challenges related to global macroeconomic factors, tariffs, supply chain pressures, and changing consumer purchasing patterns.
The report also included a summary of the financial results for the quarter. Net sales increased by 4% to $2.475 billion, primarily attributed to the benefit from the acquisition of Sovos Brands and favorable volume/mix. However, gross profit as a percentage of sales decreased to 29.4% in 2025 compared to 30.9% in the prior-year quarter due to cost inflation, mark-to-market adjustments, and unfavorable net price realization. Earnings per share were reported at $.22 in 2025, compared to $.44 in the prior-year quarter, with various expenses impacting comparability.
The report further detailed the specific items impacting comparability, including costs associated with cost savings and optimization initiatives, commodity mark-to-market gains (losses), accelerated amortization, impairment charges, charges associated with divestitures, certain litigation expenses, cybersecurity incident recoveries (costs), postretirement actuarial losses, and costs associated with the acquisition. These items significantly impacted the net earnings attributable to The Campbell's Company, resulting in a net earnings of $66 million ($.22 per share) for the current quarter.
The 10-Q report provides a comprehensive overview of Campbell's Co.'s financial performance and operational activities, shedding light on the company's challenges and achievements in the current business environment. Today the company's shares have moved -0.38% to a price of $34.04. Check out the company's full 10-Q submission here.
