The earnings call reflects a balanced outlook. While Campbell's reported strong net sales growth driven by Sovos integration and maintained confidence in its leadership brands, challenges such as organic net sales decline and increased interest expenses were noted. The company's reaffirmation of its fiscal '25 guidance and dividend increase indicate a positive long-term outlook, but current headwinds temper the overall sentiment.

Company Guidance

In the Campbell's Company Q1 Fiscal 2025 earnings call, the company reaffirmed its full-year guidance, projecting steady progress throughout the fiscal year. For the first quarter, Campbell's reported a 10% increase in net sales, largely driven by the acquisition of Sovos Brands, while organic net sales decreased by 1% due to dynamic consumer environments and inventory adjustments related to the timing of Thanksgiving. Adjusted EBIT grew by 6%, although adjusted EPS decreased by 2% to $0.89 due to higher interest expenses from increased debt levels. The company highlighted the strong performance of its 16 leadership brands, particularly noting a 15% consumption growth for Rao's in the Italian sauce category. Campbell's anticipates sequential top-line growth and market share momentum in Q2, supported by a holiday season strategy, and expects the Sovos acquisition to be accretive to adjusted EPS in fiscal 2025. The company's leverage ratio stood at 3.7x, with plans to return to a 3x net leverage target by fiscal 2027.

Strong Start to Fiscal '25

Campbell's began fiscal '25 with net sales up 10%, reflecting momentum from Sovos addition. Organic net sales were down 1% but in line with expectations.

Leadership Brands Performance

16 leadership brands showed growth in both dollar consumption and share in the quarter, with a 2% increase in in-market dollar consumption when including Sovos.

Sovos Brands Integration

The integration of Sovos Brands is progressing well, with Rao's brand showing a robust 15% growth in-market consumption.

Improved Consumer Confidence

The overall food sector is seeing favorable trends, with improving consumer confidence and stabilization in food volumes as prices normalize.

Dividend Increase

Campbell's announced a 5% increase in its regular quarterly dividend, reflecting confidence in earnings and cash flow.

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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

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CPB Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Mar 05, 2025	2025 (Q2)	0.73 / -	0.8	―	―	―
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)
Mar 08, 2023	2023 (Q2)	0.74 / 0.80	0.69	15.94% (+0.11)
Dec 07, 2022	2023 (Q1)	0.88 / 1.02	0.89	14.61% (+0.13)

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

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CPB Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Dec 03, 2024	$45.53	$42.69	-6.24%
Aug 29, 2024	$49.78	$48.87	-1.83%
Jun 05, 2024	$43.48	$43.40	-0.18%
Mar 06, 2024	$41.92	$42.26	+0.81%

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.

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