Short answer
Campbell's Company (The) (CPB) filed its fiscal 2025 10-K annual report with the SEC on Sep 18, 2025. It reported revenue of $10.3B (+6.4% year over year) and net income of $602M.
- Top risk flagged: U.S. tariffs and reciprocal tariffs risk impacting cost and supply chain stability
FY2025 key financial metrics · XBRL
- Revenue
- $10.3B
- +6.4% YoY
- Net income
- $602M
- +6.2% YoY
- Operating margin
- 11.0%
- +0.6 pp YoY
- EPS (diluted)
- $2.01
- +6.3% YoY
- ROE
- 15.4%
- +0.5 pp YoY
- Operating cash flow
- $1.1B
- −4.6% YoY
Source: XBRL data from the Campbell's Company (The) (CPB) FY2025 10-K on SEC EDGAR. USD.
Campbell's Company (The) FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Food products company focused on packaged soups, beverages, and related convenient food items
- Acquisition and integration of Sovos Brands on March 12, 2024, adding equity awards and associated long-term incentive plans
- Strategic emphasis on long-term incentive plans including 3,236,544 TSR and EPS performance-based restricted stock units
- Equity compensation plans show 6,142,160 securities outstanding with weighted average exercise price $45.33, and 8,577,194 shares available for future issuance
- Adoption and public posting of Codes of Ethics and Business Conduct reinforcing corporate governance and compliance transparency
Management Discussion & Analysis
- Revenue $10.253B in 2025, up 6% YoY driven by 8-point Sovos Brands acquisition and 2-point 53rd week, offset by divestitures and volume/mix declines
- Gross profit margin 30.4% in 2025 vs 30.8% in 2024, down 40 bps due to cost inflation, supply chain costs, and unfavorable pricing
- Meals & Beverages segment best performer: sales $6.05B up 15%, operating earnings $1.076B up 10%; Snacks worst performer: sales $4.203B down 4%, operating earnings $560M down 14%
- Operating earnings $1.124B in 2025, up 12% ($1.0B in 2024); EPS $2.01 in 2025 vs $1.89 in 2024 adjusting for significant charges
- Capital allocation: Acquisition spend $2.899B Sovos Brands; Divestitures include Pop Secret and noosa yoghurt; cost savings initiatives targeting $375M annual savings by 2028; 2026 expects significant cost pressures from tariffs managed via pricing and productivity measures
- Management outlook: 2026 faces tariff-driven cost pressures; ongoing efforts on supply chain productivity, pricing, sourcing, and cost savings to mitigate impacts
Risk Factors
- U.S. tariffs and reciprocal tariffs risk impacting cost and supply chain stability
- Exposure to geopolitical instability and civil disobedience disrupting operations and supply chain
- Reliance on key contract manufacturers and suppliers creates operational vulnerability
- Competitive threat from value and e-commerce retailers expanding market presence
- Indebtedness poses financial risk to ability to service and repay obligations
Generated from the filing text; verify against the original. How to read a 10-K
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