CPB
The Campbell's Company28.68
+0.41+1.45%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q2 '26
Snacks fixes, debt focus detailed
Q&A unpacked Snacks recovery tactics, stressing surgical promotions over everyday cuts for salty chips—though selective list price resets loom if gaps persist—while Fresh Bakery faces Q3 headwinds before Q4 normalization. Capital allocation pivoted hard to debt reduction: no buybacks even anti-dilutive, dividend hikes off table, $100M overhead cuts ahead, capex already slashed $50M. Snacks sales to dip 4% in H2, margins sequential gains from Goldfish mix and stabilization. Underused Goldfish capacity drags P&L. Debt trumps growth spending now. Watch leverage nearing 3x and Snacks execution.
Key Stats
Market Cap
8.55BP/E (TTM)
14.78Basic EPS (TTM)
1.94Dividend Yield
0.06%Recent Filings
8-K
49% La Regina stake acquired
Campbell's subsidiaries signed deals on December 8, 2025, to buy 49% of La Regina—maker of all Rao's pasta sauces—for $286 million, with $146 million cash at closing and $140 million due a year later, optionally in stock. Options cover the remaining 51%, exercisable over 10 years. Closing targeted by June 2026, pending conditions. Deal locks in supply chain control.
8-K
Q1 sales down 3%, Rao's deal
Campbell's Q1 fiscal 2026 net sales fell 3% to $2.7B, with organic sales down 1%; adjusted EPS dropped 13% to $0.77 amid volume declines and inflation. Signed deal for 49% stake in Rao's sauce maker La Regina for $286M, closing H2 FY26, neutral to full-year guidance. Reaffirmed FY26 outlook. Cost savings hit $15M.
10-Q
Q1 FY2026 results
Campbell's net sales fell 3% y/y to $2,677M for Q1 FY2026 ended November 2, 2025, driven by 3% volume/mix declines and 2% divestiture impact, though net price realization added 1%; gross margin slipped to 29.6% from 31.3% amid cost inflation and tariffs, offset by productivity gains. Operating earnings dropped to $336M (-8% y/y), with EPS at $.65 versus $.72 (anti-dilution flagged on 1M options). Meals & Beverages (-4%) and Snacks (-2%) both softened on soup and pretzel declines, yet Rao's grew. Cash from operations held steady at $224M; free cash flow not disclosed in the 10-Q. Cash rose to $168M, short-term debt $874M, with $1.85B revolver available. Steady cash flow persists. Biggest risk: tariff pressures on inputs.
8-K
Segment realignment recast
Campbell's realigned segments for fiscal 2026, shifting Latin America snacking and meals & beverages retail from Snacks to Meals & Beverages. Recast FY2025 data shows Meals & Beverages net sales at $6,179M versus Snacks' $4,074M, with segment operating earnings of $1,098M and $538M. No impact on consolidated financials. Recasts clarify reporting only.
IPO
Employees
Sector
Industry
CAG
ConAgra Brands, Inc.
17.74-0.20
GIS
General Mills, Inc.
47.02-0.04
JJSF
J & J Snack Foods Corp.
94.25+0.09
K
Kellanova
83.44-0.01
KHC
The Kraft Heinz Company
24.68+0.18
KLG
WK Kellogg Co
23.00+0.00
NBND
NetBrands Corp.
0.00-0.00
SJM
The J.M. Smucker Company
99.70-1.98
SMPL
The Simply Good Foods Company
19.11-0.19
UTZ
Utz Brands Inc
10.63+0.20