The earnings call presented a mixed picture with strong performance from the Meals and Beverages division driven by consumer trends favoring home cooking, while the Snacks division underperformed due to competitive pressures and category softness. The company's financial outlook is affected by tariffs and a lowered full-year earnings guidance.

Company Guidance -

Q4 2025

In the Campbell Soup Company's third-quarter fiscal 2025 earnings call, the company provided guidance indicating that it expects adjusted earnings for the full fiscal year to be at the low end of the guidance range due to the slower than anticipated recovery in the snacks business. Organic net sales grew by 1%, driven by a strong performance in the meals and beverages segment, which saw a 6% increase in organic net sales, primarily due to volume and mix growth. The snacks segment, however, experienced a 5% decline in organic net sales. The company highlighted consumer trends such as increased at-home cooking and the growing preference for value-added and indulgent snacks. Campbell Soup also noted the dynamic macro environment, including potential impacts from tariffs, which are estimated to pose a headwind of $0.03 to $0.05 per share to fiscal 2025 adjusted EPS. The guidance excludes any impact from new tariffs and remains cautious given the uncertain trade environment.

Meals and Beverages Division Outperformance

Organic net sales in the Meals and Beverages division increased by 6%, driven by volume and mix growth of 7%. The division outperformed category consumption, especially in condensed cooking soups, broth, and Italian sauces, contributing to strong overall company performance.

Stable Performance of Leadership Brands

The sixteen leadership brands, representing 90% of total net sales, remained stable in the third quarter with more than half holding or gaining share. Meals and Beverages leadership brand consumption increased by 2%.

Cost Savings and Efficiency Improvements

The company delivered approximately $110 million of total savings under the $250 million cost savings program, reflecting productivity improvements and cost savings initiatives.

Positive Consumer Trends for Home Cooking

Consumers' growing preference for home-cooked meals led to increased consumption in the Meals and Beverages segment, contributing to the division's strong performance.

Campbell Soup (CPB) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CPB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 28, 2025	2025 (Q4)	0.56 / -	0.63	―	―	―
Jun 02, 2025	2025 (Q3)	0.65 / 0.73	0.75	-2.67% (-0.02)
Mar 05, 2025	2025 (Q2)	0.72 / 0.74	0.8	-7.50% (-0.06)
Dec 03, 2024	2025 (Q1)	0.87 / 0.89	0.91	-2.20% (-0.02)
Aug 29, 2024	2024 (Q4)	0.62 / 0.63	0.5	26.00% (+0.13)
Jun 05, 2024	2024 (Q3)	0.71 / 0.75	0.68	10.29% (+0.07)
Mar 06, 2024	2024 (Q2)	0.77 / 0.80	0.8	0.00% (0.00)
Dec 06, 2023	2024 (Q1)	0.88 / 0.91	1.02	-10.78% (-0.11)
Aug 31, 2023	2023 (Q4)	0.50 / 0.50	0.56	-10.71% (-0.06)
Jun 07, 2023	2023 (Q3)	0.65 / 0.68	0.7	-2.86% (-0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CPB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 02, 2025	$33.62	$33.83	+0.62%
Mar 05, 2025	$39.44	$38.32	-2.84%
Dec 03, 2024	$44.11	$41.36	-6.23%
Aug 29, 2024	$48.23	$47.35	-1.82%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.