Did Campbell's beat or miss consensus estimates last quarter?

What is Campbell's's latest dividend and current dividend yield?

What does Campbell's do and what are its main business segments?

What is the revenue and EPS growth rate for Campbell's year over year?

What is the market's earnings forecast for Campbell's next quarter?

What guidance did Campbell's's management provide for the next earnings period?

What is Campbell's's gross profit margin?

What factors drove the changes in Campbell's's revenue and profit?

- **Organic Sales Down 1%**: Driven by consumption decline, offset by price realization. 
- **Meals & Beverages Strength**: Broth and condensed soups lead 9Q share streak. 
- **Rao's Acquisition**: $286M for 49% of La Regina, with option to buy 51% at premium. 
- **Gross Margin Pressure**: -150bps to 29.9%, due to tariffs and inflation. 
- **Tariff Mitigation**: 60% of FY26 impact offset via actions. 
- **Goldfish Focus**: Price-pack, innovation, and execution to reverse decline. 
- **Q2 Stabilization**: Easier comps, holiday activations, and innovation to drive Snacks recovery. 


**【CEO Summary Section】**
- Organic net sales decreased 1% due to a 2% decline in consumption, partly offset by net price realization. 
- Meals & Beverages leadership brands held share for the 9th consecutive quarter, driven by broth and condensed soups. 
- Snacks faced headwinds, with 4 of 8 leadership brands growing or holding share. 
- Announced 49% acquisition of La Regina (Rao's supplier) for $286M, with option to buy remaining 51% at premium. 
- Emphasized reinvesting savings ($160M YTD) to offset tariffs and support brands. 
- Goldfish crackers consumption declined, but back-to-school campaign outperformed peers. 

**【CFO Financial Commentary】**
- Q1 adjusted EBIT: $383M (-11% YoY), adjusted EPS: $0.77 (-13% YoY). 
- Gross margin decreased 150bps to 29.9%, due to 520bps cost headwinds (tariffs, inflation). 
- Tariffs impacted gross profit by 200bps, with 60% mitigation via pricing, savings. 
- FY26 tariffs expected at 4% of CoGS, 60% mitigated via actions. 
- Operating cash flow: $224M (flat YoY); capex: $127M; share buybacks: $24M. 
- Net debt/EBITDA: 3.7x, target 3.0x. 

**【Q&A Highlights】**
- **Snacks Stabilization**: Q2 comps easier, focus on innovation (e.g., Pepperidge Farm LTOs), execution during holidays. 
- **Soup Pricing**: Surgical price increases offset elasticity, but value-focused actions during soup season mitigated share loss. 
- **La Regina Deal**: 49% stake consolidates Rao's supply, 100% P&L impact with 51% minority interest. 
- **Tariffs**: FY26 gross impact $0.14/eps, net $0.04/eps. 
- **Goldfish Strategy**: Price-pack architecture, innovation (pretzel), and execution to reignite growth. 
- **Margin Outlook**: Q2 gross margin similar to Q1, gradual improvement in H2 as tariffs lap. 


Campbell Soup Company(CPB)-20251209-2026 Q1 Earnings call transcript

Revenue

Sales and Services Revenue

Financing Services Revenue

Other Revenue

Cost of Revenue

Cost of Goods and Services

Cost of Financing Services

Other Cost

Gross Profit

Other Operating Income

Operating Expenses

Selling, General and Administrative Expenses

Selling and Marketing Expenses

General and Administrative Expenses

Research and Development Expenses

Loss on Bad Debts

Loss on Impairment of Other Assets

Loss on Disposal of Assets

Other Operating Expenses

Operating Income

Non-Operating Income (Loss)

Income (Loss) from Affiliates

Income (Loss) from Associates

Income (Loss) from Joint ventures

Gain (Loss) on Other Investment

Gain (Loss) on Change in Fair Value

Gain (Loss) on Foreign Currency Exchange

Other Non-Operating Income (Loss)

Net Interest Expense

Interest Expense

Interest Income

Pretax Income From Continuing Operations

Income Tax Expense

Current Income Tax

Deferred Income Tax

Income Tax Adjustments

Net Income from Continuing Operations

Income from Discontinued Operations

Other Items Before Net Income

Net Income

Net Income Attributable to Minority Interests

Net Income Attributable to Owners of the Company

Preferred Stock Dividends

Other Adjustments

Net Income Attributable to Common Stockholders

Other Comprehensive Income

Total Comprehensive Income

Total Comprehensive Income Attributable to Minority Interests

Total Comprehensive Income Attributable to Owners of the Company

Basic EPS

Basic EPS from Continuing Operations

Basic EPS from Discontinued Operations

Diluted EPS

Diluted EPS from Continuing Operations

Diluted EPS from Discontinued Operations

CPB

CPB fundamentals

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