Stock Market Live July 8, 2026: S&P 500 (SPY) Slips on End of Ceasefire
Q3 25 EPS
$0.73
BEAT +11.38%
Est. $0.66
Q3 25 Revenue
$2.48B
BEAT +1.87%
Est. $2.43B
vs S&P Since Q3 25
-58.7%
TRAILING MARKET
CPB -33.1% vs S&P +25.7%
Market Reaction
Did CPB Beat Earnings? Q3 2025 Results
Campbell's delivered a stronger-than-expected third quarter for fiscal 2025, with adjusted EPS of $0.73 beating the $0.66 Wall Street consensus by 11.38% and revenue of $2.48 billion topping estimates by 1.87% as sales grew 4.5% year over year. The h… Read more Campbell's delivered a stronger-than-expected third quarter for fiscal 2025, with adjusted EPS of $0.73 beating the $0.66 Wall Street consensus by 11.38% and revenue of $2.48 billion topping estimates by 1.87% as sales grew 4.5% year over year. The headline beat masked a sharply divided quarter, however: a surging Meals & Beverages segment, lifted by rising consumer preference for home-cooked meals amid economic uncertainty, drove 15% net sales growth in that division and more than offset persistent weakness in Snacks, where net sales fell 8% and a $150 million non-cash impairment charge on the Snyder's of Hanover trademark dragged GAAP EPS down 50% to $0.22. The Sovos Brands acquisition, completed in March 2024, remained the primary engine of reported top-line growth, with Rao's sauces a notable contributor. Tracking the full results, Campbell's reaffirmed its fiscal 2025 adjusted EPS guidance of $2.95 to $3.05 but now expects to land at the low end of that range, citing the slower-than-anticipated Snacks recovery and a potential tariff headwind of $0.03 to $0.05 per share.
Key Takeaways
- • Sovos Brands acquisition contributed incremental sales growth
- • Favorable volume/mix of 2% overall, 7% in Meals & Beverages
- • Consumers cooking at home at highest levels since early 2020
- • U.S. soup sales increased across condensed, broth, and ready-to-serve
- • Rao's pasta sauce sales increased driven by shipment timing related to SAP implementation
- • Supply chain productivity improvements and cost savings initiatives
- • Snacks organic sales declined 5% driven by Goldfish, Snyder's of Hanover, Late July, and Lance weakness
- • $150 million non-cash impairment charge on Snyder's of Hanover trademark
CPB YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
CPB Revenue by Segment
With YoY comparisons, source: SEC Filings
“We delivered solid third quarter results that exceeded our expectations partially due to favorable shipment timing. In Meals & Beverages, we are seeing improved consumption across all consumer income groups. Consumers are cooking at home at the highest levels since early 2020 and turning to our brands for value, quality, and convenience. Within Snacks, performance was mixed across the portfolio, and while we're benefiting from some strong innovation launches, we are adjusting our plans to make sure we're competitive across our full brand portfolio. Our overall performance reflects our strong execution and disciplined cost management in what remains a dynamic operating environment. We continue to evolve our organization and capabilities to better leverage our scale for growth and drive long-term value creation.”
— Mick Beekhuizen, Q3 2025 Earnings Press Release
CPB Earnings Trends
CPB vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
CPB EPS Trend
Earnings per share: estimate vs actual
CPB Revenue Trend
Quarterly revenue: estimate vs actual
CPB Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q3 26 BEAT | $0.48 | $0.50 | +4.49% | $2.37B | -0.67% |
| Q2 26 MISS | $0.57 | $0.51 | -10.64% | $2.56B | -1.82% |
| Q1 26 BEAT | $0.73 | $0.77 | +4.96% | $2.68B | +0.83% |
| Q4 25 BEAT FY | $0.57 | $0.62 | +8.79% | $2.32B | -0.51% |
| FY Full Year | $2.93 | $2.97 | +1.31% | $10.25B | -0.17% |
| Q3 25 BEAT | $0.66 | $0.73 | +11.38% | $2.48B | +1.87% |
| Q2 25 BEAT | $0.72 | $0.74 | +2.18% | $2.69B | -1.85% |