Campbell's

Campbell's (CPB) Q4 2025 Earnings

Reported Sep 3, 2025 at 7:16 AM ET · SEC Source

Q4 25 EPS

$0.62

BEAT +8.79%

Est. $0.57

Q4 25 Revenue

$2.32B

MISS 0.51%

Est. $2.33B

vs S&P Since Q4 25

-49.5%

TRAILING MARKET

CPB -32.7% vs S&P +16.8%

Full Year 2025 Results

FY 25 EPS

$2.97

BEAT +1.31%

Est. $2.93

FY 25 Revenue

$10.25B

MISS 0.17%

Est. $10.27B

Market Reaction

Did CPB Beat Earnings? Q4 2025 Results

Campbell's closed out fiscal 2025 with a mixed but largely resilient quarter, posting adjusted EPS of $0.62 against a consensus estimate of $0.57, an 8.77% beat, even as revenue of $2.32 billion came in just shy of the $2.34 billion analysts expected… Read more Campbell's closed out fiscal 2025 with a mixed but largely resilient quarter, posting adjusted EPS of $0.62 against a consensus estimate of $0.57, an 8.77% beat, even as revenue of $2.32 billion came in just shy of the $2.34 billion analysts expected, a -0.74% miss, with sales rising 1.2% year-over-year. A key asterisk: the quarter spanned 14 weeks, with the extra 53rd week estimated to have contributed roughly 7% to net sales and 10% to adjusted EPS, meaning the underlying organic picture was softer, with organic net sales declining 3% after stripping out that calendar boost and divestiture impacts. Meals & Beverages was the relative bright spot, with leadership brands including Rao's, now approaching $1.00 billion in annual sales, gaining traction as home-cooking trends held steady. Looking ahead, the company faces a materially tougher fiscal 2026, guiding adjusted EPS to $2.40 to $2.55, a decline of 12% to 18%, with roughly two-thirds of that shortfall tied to net tariff headwinds. For income-focused investors, Campbell's also reaffirmed its quarterly dividend of $0.39 per share.

Key Takeaways

  • Strong in-market performance of leadership brands in Meals & Beverages outpacing category growth
  • Consumers continuing to cook at home benefiting soup and sauce categories
  • Sovos Brands acquisition contributing to net sales and EBIT growth for full year
  • 53rd week contributed an estimated 7% to Q4 net sales and 10% to Q4 adjusted EPS
  • Cost savings program delivering approximately $145 million of $375 million target
  • Supply chain productivity improvements partially offsetting cost inflation
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CPB YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

24/7 Wall St

CPB Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q3 26

“Our fiscal 2025 results were slightly ahead of our expectations, driven by our team's focus on execution in a dynamic operating environment. Meals & Beverages benefited from the continued strong in-market performance of our leadership brands, outpacing category growth as consumers continued to cook at home. We are pleased with Rao's post-acquisition momentum as it approaches becoming our fourth $1 billion dollar brand, alongside Campbell's, Goldfish and Pepperidge Farm. While our Snacks business weathered category softness, we delivered a modest sequential improvement to net sales and in-market consumption in the fourth quarter. We remain confident in our Snacks portfolio and are taking decisive actions to return the business to sustained growth.”

— Mick Beekhuizen, Q4 2025 Earnings Press Release