The earnings call highlighted solid performance in the meals and beverages division, supported by strong consumer trends towards at-home cooking. However, this was offset by challenges in the snacks division, particularly due to competitive pressures and consumer spending sensitivity. The overall sentiment is balanced, with both positive achievements and significant challenges outlined.

Company Guidance

During the Campbell Soup Company Third Quarter Fiscal 2025 Earnings Conference Call, the company reiterated its full-year fiscal 2025 guidance ranges despite challenges in its snacks business. Organic net sales grew by 1%, driven by a 6% increase in the meals and beverages division, which outpaced category consumption with a 0.4-point dollar share growth. However, the snacks division faced a 5% decline in organic net sales due to lower volume and mix, and competitive pressures, leading to a 3% decline in overall snacks consumption. Adjusted EBIT increased by 2%, while adjusted EPS decreased by 3% to $0.73. The company expects adjusted earnings to be at the low end of the guidance range, with potential tariff-related costs impacting adjusted EPS by $0.03 to $0.05, though this is not included in the current guidance. The firm is focusing on enhancing operational efficiencies, supporting brand growth, and mitigating tariff impacts to drive long-term value creation.

Meals and Beverages Division Growth

Organic net sales increased 6% for the quarter, led by volume and mix growth of 7%. The division's leadership brands outpaced category consumption and grew dollar share by 0.4 points.

Successful Soup Promotions

Campbell's Total Wet Soup grew dollar share by 0.4 points, marking the sixth consecutive quarter of volume share growth driven by household gains, particularly among younger cohorts.

Pepperidge Farm Performance

Pepperidge Farm bakery business delivered the highest volume and dollar share growth in nine quarters, driven by the Farmhouse Brioche platform.

Cost Savings Achieved

The company delivered approximately $110 million of total savings under the $250 million cost savings program announced at the Investor Day in September 2024.

Campbell Soup (CPB) Earnings, Revenues Date & History

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CPB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 03, 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.