Here are the 10-K annual reports from The Campbell's Company (CPB) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow CPB and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full CPB filings page.
CPB reported fiscal 2026 net sales of $9.744 billion, compared with $10.253 billion in fiscal 2025; the periods were 52 and 53 weeks, respectively. Net earnings attributable to The Campbell's Company were $403 million, versus $602 million, and cash flows from operations were $1.039 billion, versus $1.131 billion. Capital expenditures totaled $361 million.
On May 4, 2026, CPB acquired 49% of La Regina for $146 million in cash. A second $140 million tranche is payable on May 4, 2027, at CPB’s discretion in cash or unregistered shares; the remaining 51% is subject to a call option granted to CPB and a put option granted to La Regina. Effective September 3, 2026, the board reset the quarterly dividend to $0.25 per share, payable November 2, 2026.
CPB expects input-cost inflation and volatility to persist in 2027. Its 2027 cost-savings initiatives are expected, once all phases are implemented, to generate approximately $500 million in annual ongoing savings by the end of 2030; identified pre-tax costs are approximately $90 million. CPB also has $500 million of senior notes maturing in March 2027 that it expects to repay and/or refinance.
The Campbell's Company (CPB) reported a mixed year in its 2025 Form 10-K: net sales rose to $10.253 billion (up 6%), driven by the Sovos Brands acquisition (8-point benefit) and an extra week, while gross margin slipped to 30.4% as cost inflation and supply-chain pressures weighed. Diluted earnings per share were $2.01 versus $1.89 a year earlier, with 2025 including charges that reduced comparability.
Management completed several portfolio moves: it acquired Sovos Brands for $2.899 billion and sold Emerald, Pop Secret and noosa businesses. The company recorded significant one-time items including a $150 million trademark impairment (Snyder's of Hanover), restructuring and implementation costs (~$125 million pre-tax recognized in 2025), and divestiture losses. Operating cash flow was $1.131 billion, capital expenditures were $426 million, and management expects ~$420 million capex for 2026. The company flagged heightened 2026 cost pressures from tariffs but targets program savings of approximately $375 million annual run-rate by end of 2028.