CAMPBELL’S Co recently released its 10-K report. The company, formerly Campbell Soup Company until its name change in November 2024, makes and sells food and beverage products in the United States and abroad. Its business is organized into two segments: Meals & Beverages, which includes soups, broths, sauces, beverages and related products, and Snacks, which includes cookies, crackers, pretzels and potato chips; it was founded in 1869 and is based in Camden, New Jersey.
In Item 7, management said 2026 was shaped by volatile commodity and supply chain costs, shifting trade policy, and changing consumer and retail behavior. The company said it continued to push strategic initiatives focused on U.S. everyday cooking and snacking, consumer-driven innovation, product availability, revenue growth management, and enterprise transformation. It also said it expects inflationary pressure and input-cost volatility to continue in 2027, with tariffs, logistics costs and geopolitical conflicts cited as key drivers.
Net sales fell 5% in 2026 to $9.744 billion. Management said the decline reflected unfavorable volume/mix, a 2-point hit from the 53rd week in 2025, and the effect of divestitures, partly offset by favorable net price realization.
Gross profit margin dropped to 28.1% from 30.4% a year earlier. The company attributed the decline mainly to cost inflation, other supply chain costs and the gross impact of tariffs, partly offset by supply chain productivity gains.
Diluted earnings per share attributable to common shareholders fell to $1.31 from $2.01 in 2025. CAMPBELL’S said 2026 results included $202 million of aggregate costs tied to restructuring, cost savings and optimization initiatives, equal to $154 million after tax, or $0.51 per share, compared with $125 million, or $0.32 per share, in 2025.
The company also recorded $117 million of trademark impairment charges in 2026, including $60 million on the Kettle Brand trademark and $57 million on the Cape Cod trademark. In 2025, it recorded $176 million of impairment charges, including $150 million on Snyder’s of Hanover, $15 million on Allied brands, and $11 million on Late July.
CAMPBELL’S completed the acquisition of 49% of La Regina di San Marzano di Antonio Romano S.p.A. and La Regina Atlantica on May 4, 2026, paying $146 million in cash as the first tranche of a $286 million transaction. A second $140 million payment is due on May 4, 2027, at the company’s discretion in cash or shares. The company said it incurred $26 million of acquisition-related costs in 2026.
The company also said it completed the acquisition of Sovos Brands on March 12, 2024 for total purchase consideration of $2.899 billion. It sold its noosa yoghurt business on February 24, 2025 and its Pop Secret popcorn business on August 26, 2024. Following these announcements, the company's shares moved 0.64%, and are now trading at a price of $20.34. For the full picture, make sure to review CAMPBELL'S Co's 10-K report.
