CAMPBELL'S Co

Listed Company

CPBCIK 0000016732NasdaqLarge AcceleratedFood And Kindred ProductsNew JerseyFY ends Aug 3

Period

FY 2025

Revenue

$10.25B

Net Income

$602.00M

Total Assets

$14.90B

Equity

$3.90B

Shares Out

298.15M

Op. Cash Flow

$1.13B

Business

CAMPBELL'S Co is a manufacturer and marketer of high-quality branded food and beverage products. It offers soups, broths, sauces, juices and non-dairy beverages, pasta sauces, frozen entrées and pizzas, yogurts, cookies, crackers, snacks, chips, pretzels and bakery products under its leadership brands. The company operates through two reportable segments: Meals & Beverages and Snacks. Its products are sold primarily in the U.S., Canada and Latin America through retail food chains, mass merchandisers, club stores, convenience stores, e-commerce, foodservice and direct-store-delivery networks.

Summary from filing dated 2025-09-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Net sales	10,253	9,636	9,357	8,562	8,476
Cost of products sold	7,134	6,665	6,440	5,935	5,665
Marketing and selling expenses	924	833	811	734	817
Administrative expenses	674	737	654	617	598
Research and development expenses	100	102	92	87	84
Other expenses / (income)	273	261	32	21	−254
Restructuring charges	24	38	16	5	21
Total costs and expenses	9,129	8,636	8,045	7,399	6,931
Earnings before interest and taxes	1,124	1,000	1,312	1,163	1,545
Interest expense	345	249	188	189	210
Interest income	17	6	4	1	1
Earnings before taxes	796	757	1,128	975	1,336
Taxes on earnings	194	190	270	218	328
Net earnings	602	567	858	757	1,002
Less: Net earnings (loss) attributable to noncontrolling interests	0	0	0	0	0
Net earnings attributable to The Campbell's Company	602	567	858	757	1,002
Net earnings attributable to The Campbell's Company (per share)	2.02	1.9	2.87	2.51	3.31
Weighted average shares outstanding - basic	298	298	299	301	303
Net earnings attributable to The Campbell's Company (per share)	2.01	1.89	2.85	2.51	3.29
Weighted average shares outstanding - assuming dilution	300	300	301	302	305

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Cash and cash equivalents	132	108	189	109	69
Accounts receivable, net	583	630	529	541	595
Inventories	1,424	1,386	1,291	1,246	933
Other current assets	93	66	52	67	98
Total current assets	2,232	2,190	2,061	1,963	1,695
Plant assets, net of depreciation	2,767	2,698	2,398	2,343	2,370
Goodwill	4,991	5,077	3,965	3,979	3,981
Other intangible assets, net of amortization	4,356	4,716	3,142	3,198	3,239
Other assets	550	554	492	409	449
Total assets	14,896	15,235	12,058	11,892	11,734
Short-term borrowings	762	1,423	191	814	48
Accounts payable	1,332	1,311	1,306	1,334	1,070
Accrued liabilities	688	720	592	621	576
Dividends payable	120	115	113	114	115
Accrued income taxes	4	7	20	3	5
Total current liabilities	2,906	3,576	2,222	2,886	1,814
Long-term debt	6,095	5,761	4,498	3,996	5,010
Deferred taxes	1,353	1,426	1,067	1,074	1,051
Other liabilities	638	676	608	603	705
Total liabilities	10,992	11,439	8,395	8,559	8,580
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock; authorized 40 shares; none issued	0	0	0	0	0
Capital stock, $.0375 par value; authorized 560 shares; issued 323 shares	12	12	12	12	12
Additional paid-in capital	418	437	420	415	414
Earnings retained in the business	4,694	4,569	4,451	4,040	3,742
Capital stock in treasury, at cost	−1,207	−1,207	−1,219	−1,138	—
Accumulated other comprehensive income (loss)	−15	−17	−3	2	5
Total The Campbell Company's shareholders' equity	3,902	3,794	3,661	3,331	3,152
Noncontrolling interests	2	2	2	2	2
Total equity	3,904	3,796	3,663	3,333	3,154
Total liabilities and equity	14,896	15,235	12,058	11,892	11,734
Preferred Stock, Shares Authorized	40	40	40	40	40
Preferred Stock, Shares Issued	0	0	0	0	0
Common Stock, Par or Stated Value Per Share	0.04	0.04	0.04	0.04	0.04
Capital Stock, Shares Authorized	560	560	560	560	560
Common Stock, Shares, Issued	323	323	323	323	323

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-07-31	FY 2024 2024-07-31	FY 2023 2023-07-31	FY 2022 2022-07-31	FY 2021 2021-07-31
Impairment charges	176	129	0	0	0
Stock-based compensation	57	99	63	59	64
Amortization of inventory fair value adjustment from acquisition	0	17	0	0	—
Pension and postretirement benefit expense (income)	24	39	−22	−7	−267
Depreciation and amortization	434	411	387	337	317
Deferred income taxes	−54	−47	−5	21	137
Loss on sales of businesses	25	0	13	0	11
Other	119	138	100	88	86
Accounts receivable	26	−16	−1	48	−20
Inventories	−80	11	−64	−314	−77
Other current assets	−14	4	13	25	−28
Accounts payable and accrued liabilities	−167	−128	−164	200	−164
Other	−41	−77	−51	−42	−47
Net cash provided by operating activities	1,131	1,185	1,143	1,181	1,035
Purchases of plant assets	−426	−517	−370	−242	−275
Purchases of routes	−144	−29	−13	−1	−2
Sales of routes	121	34	1	2	10
Business acquired, net of cash acquired	0	−2,617	0	0	0
Sales of businesses, net of cash divested	258	0	41	0	101
Other	4	1	1	11	8
Net cash used in investing activities	−187	−3,128	−340	−230	−158
Short-term borrowings, including commercial paper and delayed draw term loan	1,846	5,622	3,677	1,173	320
Short-term repayments, including commercial paper and delayed draw term loan	−1,796	−5,576	−3,749	−997	−580
Proceeds from Issuance of Long-Term Debt	1,144	2,496	500	0	0
Long-term repayments	−1,550	−100	−566	0	−921
Dividends paid	−459	−445	−447	−451	−439
Treasury stock purchases	−62	−67	−142	−167	−36
Treasury stock issuances	0	2	22	3	2
Payments related to tax withholding for stock-based compensation	−30	−46	−19	−18	−15
Payments of debt issuance costs	−12	−23	0	0	0
Other	0	0	1	0	0
Net cash provided by (used in) financing activities	−919	1,863	−723	−910	−1,669
Effect of exchange rate changes on cash	−1	−1	0	−1	2
Net change in cash and cash equivalents	24	−81	80	40	−790

Filings

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