Campbell Soup Company
- Open
- 22.38
- Day high
- 22.66
- Day low
- 21.96
- Prev close
- 22.09
- Volume
- 1.3M
- Mkt cap
- $6.7B
- P/E (TTM)
- 10.9
- EPS (TTM)
- $2.05
- P/B
- 1.7
- P/S
- 0.7
- Yield
- 6.99%
- Per share
- $1.56
- ▲Insiders net buying $2K over the last 3 months (1 open-market buy, 0 sales)
- 🏛Institutions mixed (13F)
Campbell Soup Company (CPB) is a Consumer Defensive company listed on NASDAQ. The stock is down 29% over the past year. Over the trailing 3 months, insiders filed 1 open-market buy and 0 sales (SEC Form 4).
Campbell Soup Company (CPB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 11 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
CPB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jun 8, 2026 | $0.48 | $0.50 | +4.4% | $2.4B | -0.6% |
| Mar 11, 2026 | $0.57 | $0.51 | -10.2% | $2.6B | +6.8% |
| Dec 9, 2025 | $0.73 | $0.77 | +4.8% | $2.7B | +0.8% |
| Sep 3, 2025 | $0.56 | $0.62 | +10.5% | $2.3B | -0.4% |
| Jun 2, 2025 | $0.65 | $0.73 | +12.3% | $2.5B | +3.1% |
| Mar 5, 2025 | $0.73 | $0.74 | +1.4% | $2.7B | +9.3% |
| Dec 3, 2024 | $0.88 | $0.89 | +1.1% | $2.8B | +1.0% |
| Aug 29, 2024 | $0.62 | $0.63 | +1.6% | $2.3B | -18.4% |
| Jun 5, 2024 | $0.71 | $0.75 | +5.8% | $2.4B | +0.9% |
| Mar 6, 2024 | $0.77 | $0.80 | +3.9% | $2.5B | +0.8% |
| Dec 6, 2023 | $0.88 | $0.91 | +3.4% | $2.5B | -0.1% |
| Aug 31, 2023 | $0.50 | $0.50 | +0.0% | $2.1B | -18.4% |
CPB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 30, 2026 | vanBeuren Archbold Ddirector | Grant | 1,964 | — |
| Jun 30, 2026 | Hill Grantdirector | Grant | 3,107 | — |
| Jun 30, 2026 | Averill Howard Mdirector | Grant | 1,977 | — |
| Jun 30, 2026 | Hofstetter Sarahdirector | Grant | 1,814 | — |
| Jun 30, 2026 | Dorrance Bennett JRdirector | Grant | 1,855 | — |
| Jun 30, 2026 | Malone Mary Alice Dorrance JRdirector, 10 percent owner: | Grant | 1,814 | — |
| Jun 30, 2026 | McLoughlin Keith Rdirector | Grant | 3,716 | — |
| Jun 30, 2026 | ARREDONDO FABIOLA Rdirector | Grant | 1,855 | — |
| Jun 30, 2026 | Schmidt Kurtdirector | Grant | 3,107 | — |
| Jun 30, 2026 | Lautenbach Marc Bradleydirector | Grant | 1,950 | — |
| Jun 30, 2026 | Hilado Maria Teresadirector | Grant | 1,964 | — |
| Jun 10, 2026 | Dorrance Bennett JRdirector | Buy | 100 | $21.45 |
| Apr 2, 2026 | Cretella Risaofficer: EVP, President, M&B | Tax | 6,543 | $22.27 |
| Mar 31, 2026 | Dorrance Bennett JRdirector | Grant | 1,925 | — |
| Mar 31, 2026 | vanBeuren Archbold Ddirector | Grant | 2,037 | — |
Source: CPB SEC Form 4 filings, latest Jun 30, 2026. For informational purposes only — not investment advice.
See the full CPB insider & 13F page →Campbell Soup Company company profile
Overview
Campbell Soup Company (NYSE:CPB) is a venerable American food manufacturer founded in 1869 and headquartered in Camden, New Jersey. The company has evolved from its iconic condensed soup origins into a diversified packaged food conglomerate operating two primary business segments: Meals & Beverages and Snacks. Campbell's portfolio includes household names like Campbell's soups, Goldfish crackers, Pepperidge Farm baked goods, V8 beverages, and premium brands like Rao's pasta sauce acquired through the 2024 Sovos Brands acquisition. The company has been publicly traded since 1954 and serves consumers across the United States, Canada, and Latin America through various retail channels.
Business
Campbell Soup Company operates in the packaged foods industry, manufacturing and marketing shelf-stable food and beverage products designed for convenient at-home consumption. The packaged foods sector encompasses products that have extended shelf lives through various preservation methods and require minimal preparation before consumption. The company operates through two distinct business segments. The Meals & Beverages segment generates approximately 60-65% of total revenue and focuses on products that serve as meal solutions or accompaniments. This division includes Campbell's condensed and ready-to-serve soups, which remain the company's flagship products, Swanson broths and stocks, Pacific Foods organic and natural products, Prego pasta sauces, Pace Mexican sauces, V8 vegetable juices, and the recently acquired Rao's premium pasta sauce brand. These products primarily target consumers seeking convenient meal preparation solutions and are distributed through retail and foodservice channels in the United States and Canada. The Snacks segment accounts for roughly 35-40% of revenue and encompasses a diverse portfolio of branded snack foods. Key products include Pepperidge Farm cookies and crackers (including the billion-dollar Goldfish brand), Milano cookies, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod and Kettle Brand potato chips, Late July organic snacks, Pop Secret popcorn, and Emerald nuts. This segment serves the growing consumer demand for convenient, portable snacking options and operates primarily in retail channels across North America and Latin America. Both segments focus on what the industry calls "center-of-store" products - shelf-stable items that don't require refrigeration and can be stored in pantries for extended periods. This positioning allows Campbell's products to serve as pantry staples that consumers can rely on for quick meal solutions and snacking occasions.
Revenue model
Campbell Soup generates revenue primarily through product sales to retail customers, operating on a traditional consumer packaged goods business model. The company manufactures products in its own facilities and sells them to grocery chains, mass merchandisers, club stores, convenience stores, and increasingly through e-commerce platforms. Revenue comes from the wholesale prices charged to these retail partners, who then mark up the products for end consumers. The company's customers are retail intermediaries rather than end consumers directly. Major customers include large grocery chains like Kroger and Safeway, mass retailers like Walmart and Target, warehouse clubs like Costco, and online platforms like Amazon. Campbell's also serves foodservice operators including restaurants and institutional customers, though this represents a smaller portion of total sales. Several factors significantly impact Campbell's profit margins. Commodity inflation represents the most substantial margin pressure, as the company relies heavily on agricultural inputs like tomatoes, wheat, potatoes, and packaging materials. When ingredient costs rise faster than the company can implement price increases, margins compress. Labor costs in manufacturing facilities also directly impact profitability, particularly given ongoing wage inflation in the food manufacturing sector. Promotional intensity in the retail environment affects margins, as increased trade spending to secure shelf space and drive volume reduces net realized pricing. The company must balance promotional investments with maintaining brand equity and pricing power. Product mix significantly influences overall margins, with premium brands like Rao's typically commanding higher margins than value-oriented products, while the Snacks segment generally operates at lower margins than Meals & Beverages. Scale efficiencies in manufacturing and distribution provide margin expansion opportunities, as fixed costs can be spread across higher volumes. The company's ongoing supply chain optimization initiatives and facility consolidation efforts aim to capture these efficiencies. Innovation success also drives margin expansion, as new products typically launch at premium price points before competitive pressure erodes pricing over time.
Competitive moat
Campbell Soup possesses a moderate but eroding competitive moat built primarily on brand recognition and distribution advantages, though this moat faces increasing pressure from changing consumer preferences and retail dynamics. The company's strongest moat element is its brand portfolio strength, particularly in soup where Campbell's maintains dominant market share and strong consumer recognition built over 150+ years. Brands like Goldfish, Pepperidge Farm, and V8 also command significant consumer loyalty and shelf space advantages. The recent acquisition of Rao's adds a premium brand with strong growth trajectory and pricing power. Distribution relationships provide another moat component, as Campbell's established relationships with major retailers and its ability to secure prime shelf space create barriers for smaller competitors. The company's scale allows it to invest in trade marketing and promotional support that smaller brands cannot match. However, several factors weaken this moat. Private label competition has intensified across most of Campbell's categories, with retailer brands offering similar products at significantly lower prices. This is particularly challenging in commodity-like categories such as broth and basic soups. Changing consumer preferences toward fresh, organic, and less processed foods threaten traditional packaged food brands, especially among younger demographics. The snacking category faces intense competition from both established players like Frito-Lay and emerging better-for-you brands that can quickly gain distribution through e-commerce channels. Unlike soup where Campbell's has clear category leadership, the snacks market is highly fragmented with numerous strong competitors. E-commerce disruption also threatens traditional distribution advantages, as online platforms lower barriers to entry for new brands and reduce the importance of physical shelf space. Additionally, the company's dependence on center-of-store categories makes it vulnerable to the ongoing shift toward perimeter shopping (fresh foods) in grocery stores. The moat appears sustainable in soup and select snack brands but requires continuous innovation and marketing investment to maintain relevance with evolving consumer preferences.
Risks & safety
Campbell Soup presents a moderate margin of safety with manageable debt levels but some liquidity concerns and mixed valuation metrics. **Liquidity and Solvency:** - Current ratio of 0.93 indicates tight short-term liquidity, with current liabilities slightly exceeding current assets - Cash position of $829 million provides reasonable cushion but represents only 5% of total assets - Debt-to-equity ratio of 1.96 reflects elevated leverage following the Sovos acquisition - Free cash flow of $411 million (Q2 2025) demonstrates strong cash generation capability - Operating cash flow remains consistently positive, supporting debt service capacity **Valuation Metrics:** - P/E ratio of 17.2x appears reasonable for a mature consumer staples company - EV/EBITDA of 10.7x suggests fair valuation relative to historical norms - Price-to-book ratio of 3.0x reflects premium to tangible assets, typical for branded consumer goods - Graham number of $13.09 vs. current price of $39.18 indicates potential overvaluation by traditional value metrics **Other Considerations:** - Consistent dividend payments provide income support - Mature industry with limited growth prospects constrains upside potential - Integration risks from recent acquisition could impact near-term performance
Recent development
Campbell Soup has undergone significant strategic transformation over the past few years, centered around portfolio optimization and premium brand acquisition. The most significant development was the $2.7 billion acquisition of Sovos Brands in 2024, which brought the high-growth Rao's pasta sauce brand into Campbell's portfolio. This acquisition represents a strategic shift toward premium, faster-growing categories and has exceeded initial expectations with Rao's showing continued strong performance. The company has also pursued portfolio rationalization, divesting non-core assets including the Pop Secret popcorn business to focus resources on what management calls "Leadership Brands." This strategy concentrates investment on 16 key brands that drive the majority of sales and profit growth. Supply chain optimization has been another major focus, with Campbell's investing $230 million through fiscal 2026 in manufacturing and distribution improvements. This includes facility consolidation, automation investments, and workforce optimization that will eliminate approximately 415 roles while creating 210 new positions in more strategic locations. The company has also implemented significant cost savings programs, raising targets from $90 million to $120 million annually as management intensifies efficiency efforts amid challenging market conditions. These savings help offset commodity inflation and fund increased marketing investments. Leadership transition marked another major development, with longtime CEO Mark Clouse announcing his departure to become Team President of the Washington Commanders NFL franchise. Mick Beekhuizen has been named as his successor, representing continuity in strategic direction. Innovation efforts have focused on premium positioning and health-conscious products, with launches in organic, plant-based, and better-for-you categories across both business segments. The company has also expanded its direct-store-delivery capabilities in snacks to improve freshness and availability.
CPB company profile · for informational purposes only — not investment advice.
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