The Campbell's Company Stock Price, News & Analysis

The Campbell's Company (NASDAQ: CPB), commonly known as Campbell's, is a long-established food manufacturer in the U.S. packaged foods industry. Classified in the fruit and vegetable canning industry within the manufacturing sector, the company has been headquartered in Camden, New Jersey since 1869 and has been connecting people through food for more than 150 years. Generations of consumers have relied on Campbell's to provide food and beverages that are positioned as delicious and affordable.

Campbell's describes itself as a North American focused brand powerhouse, with net sales generated across two primary divisions: Meals & Beverages and Snacks. According to company disclosures, it generated fiscal 2025 net sales of $10.3 billion across these two divisions. The company is a member of the Standard & Poor's 500 Index and is also included in the FTSE4Good and Bloomberg Gender-Equality indices, which it cites as part of its corporate profile.

Business segments and brand portfolio

Campbell's reports its results primarily through two reportable segments: Meals & Beverages, and Snacks. The Meals & Beverages segment consists of soup, simple meals and beverages products sold in retail and foodservice channels in the U.S. and Canada. The company states that this segment includes Campbell’s condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; SpaghettiOs pasta; Campbell’s gravies, beans and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell’s tomato juice; and, as of March 12, 2024, Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza and soups; Michael Angelo's frozen entrées and pasta sauces; and noosa yogurts (the noosa yoghurt business was later sold in 2025). The segment also includes snacking products in foodservice and Canada, and, beginning in fiscal 2026, the snacking and meals and beverages retail business in Latin America.

The Snacks segment consists of Pepperidge Farm cookies, crackers, fresh bakery and frozen products, including Goldfish crackers, Snyder’s of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products in U.S. retail. The company has also noted that the Pop Secret popcorn business was previously included in this segment and was sold in 2024.

Across these segments, Campbell's highlights a portfolio of what it calls “leadership brands.” In recent company communications, it lists 16 such brands: Campbell’s, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snack Factory Pretzel Crisps, Snyder’s of Hanover, Swanson and V8. Additional brands mentioned in company materials include Cape Cod, Goldfish, Kettle Brand, Lance, Late July, Milano, Michael Angelo's, noosa, Pepperidge Farm, Pace, Pacific Foods, Prego, Rao's, Snyder's of Hanover, Swanson and V8.

Geographic focus and market orientation

Campbell's describes itself as a North American focused company. In its public statements, it emphasizes that its operations and brand portfolio are oriented around serving consumers in this region through its Meals & Beverages and Snacks divisions. The company has also noted that its Meals & Beverages segment includes business in Canada and that, beginning in fiscal 2026, the snacking and meals and beverages retail business in Latin America is managed under this segment. Earlier third-party descriptions have indicated that a large majority of Campbell's revenue is generated in the U.S., with the remainder from Canada and Latin America.

Corporate profile and capital markets

The Campbell's Company is incorporated in New Jersey and its capital stock, with par value $0.0375, trades on The Nasdaq Stock Market LLC under the symbol CPB. The company files regular reports and disclosures with the U.S. Securities and Exchange Commission, including annual reports on Form 10-K, quarterly earnings releases, and current reports on Form 8-K covering material events such as financing transactions, executive appointments, and shareholder meeting results.

Campbell's has disclosed that it maintains a five-year credit agreement and has entered into an extension agreement to extend the maturity of that facility. It has also issued senior unsecured notes under an automatic shelf registration statement, illustrating its use of the debt capital markets as part of its capital structure. Regular quarterly dividends on its capital stock are declared by its Board of Directors, and the company has described share repurchase programs and dividend payments as part of its approach to returning capital to shareholders.

Recent strategic and portfolio developments

In its recent financial communications, Campbell's has highlighted the impact of acquisitions and divestitures on its portfolio. The acquisition of Sovos Brands, Inc., completed in March 2024, brought brands such as Rao’s and Michael Angelo’s into the Campbell's portfolio. The company has stated that Rao’s has shown strong momentum within its Meals & Beverages division. At the same time, Campbell's has divested certain businesses, including the Pop Secret popcorn business and the noosa yoghurt business, and has described how these divestitures affect reported and organic net sales.

Campbell's has also entered into definitive agreements to acquire a 49% interest in La Regina di San Marzano di Antonio Romano S.p.A. and La Regina Atlantica, LLC, the privately held maker of Rao’s tomato-based pasta sauces. The company has stated that this transaction is intended to strengthen its long-term strategic partnership with La Regina and support the continued growth and innovation of the Rao’s brand.

Cost savings, productivity and operating environment

In its earnings releases and guidance, Campbell's has described a focus on cost savings and productivity initiatives. The company reports progress toward a cost savings target that it has increased over time, citing savings achieved under enterprise cost savings programs and plans to reach a higher target by the end of fiscal 2028. It has explained that these savings are intended to help offset cost inflation, supply chain costs and tariff impacts, while allowing it to continue investing in brand support and consumer-led innovation.

Campbell's also comments on consumer behavior and the operating environment in its public statements, noting trends such as at-home cooking and deliberate food choices. It has indicated that its Meals & Beverages portfolio benefits from at-home cooking trends and that its Snacks business has experienced category softness in certain periods. The company uses these observations to frame its guidance and expectations for organic net sales, adjusted EBIT and adjusted EPS, while acknowledging the influence of tariffs, inflation and regulatory conditions on its outlook.

Corporate governance and shareholder matters

As a public company, Campbell's holds an annual meeting of shareholders and files proxy materials, including a definitive proxy statement on Schedule 14A. These materials describe items of business such as the election of directors, ratification of the independent registered public accounting firm, advisory votes on executive compensation, and shareholder proposals. The company also discloses results of shareholder votes in current reports on Form 8-K.

Campbell's proxy materials provide information on its board structure, governance standards, and executive compensation programs. The company has also noted that its annual meeting is conducted via live webcast, with shareholders able to vote and submit questions electronically, and that it offers electronic delivery of proxy materials and annual reports.

Community engagement and social initiatives

Campbell's states that it has a heritage of giving back and a commitment to improving food security in its communities. It highlights programs such as the Chunky Sacks Hunger initiative, in which the Campbell's Chunky brand partners with NFL teams and Feeding America to support people and families facing hunger across the U.S. The company reports that this initiative donates meals to Feeding America based on sacks recorded across the NFL and has supplied millions of meals since its inception. Campbell's also notes that it donates significant amounts of food and beverages annually to Feeding America and other emergency food organizations and that its foundation provides financial support to community partners to address food insecurity.

In addition, Campbell's has commissioned consumer research such as the State of the Sides Report, which examines holiday side dish preferences and trends. The company has used this research as a platform for brand collaborations and limited-edition products that connect its food brands with cultural and seasonal occasions.

Position within the packaged food industry

Third-party descriptions characterize Campbell's as a domestic packaged food manufacturer with a portfolio that extends beyond its iconic red-and-white labeled canned soup. These descriptions note that Campbell's revenue is diversified across snacks, soup, other simple meals and beverages, and that the majority of its revenue is generated in the U.S., with additional contributions from Canada and Latin America. The company’s own communications emphasize its role as a North American focused brand company built around well-known retail food brands in the Meals & Beverages and Snacks categories.