Campbell's Q3 Sales Edge Higher
Campbell's (NASDAQ:CPB) reported fiscal 2025 third-quarter results on June 2, 2025, posting 1% organic net sales growth, adjusted EBIT increased 2%, and adjusted EPS of $0.73 (down 3% year over year), with full-year adjusted EPS now expected at the low end of prior guidance. Persistent softness in snacks tempered strong meals and beverages performance, as management confirmed accelerated cost savings initiatives and detailed precise tariff impact estimates.The meals and beverages segment achieved 6% organic net sales growth and increased consumption by 2%, extending its streak to six consecutive quarters of positive in-market consumption for meals and beverages. Household penetration gains in condensed cooking soups were particularly strong among millennial consumers, with mac and cheese marketing resulted in approximately 1 million new households added, the largest four-year quarterly gain for this subcategory.Penetrating younger demographics in the core soup business demonstrates the durability of Campbell’s cash-generative brand portfolio, reinforcing the long-term thesis around relevance to evolving consumer behaviors even amid macro uncertainty.Continue reading
Campbell's (NASDAQ:CPB) reported fiscal 2025 third-quarter results on June 2, 2025, posting 1% organic net sales growth, adjusted EBIT increased 2%, and adjusted EPS of $0.73 (down 3% year over year), with full-year adjusted EPS now expected at the low end of prior guidance. Persistent softness in snacks tempered strong meals and beverages performance, as management confirmed accelerated cost savings initiatives and detailed precise tariff impact estimates.
The meals and beverages segment achieved 6% organic net sales growth and increased consumption by 2%, extending its streak to six consecutive quarters of positive in-market consumption for meals and beverages. Household penetration gains in condensed cooking soups were particularly strong among millennial consumers, with mac and cheese marketing resulted in approximately 1 million new households added, the largest four-year quarterly gain for this subcategory.
Penetrating younger demographics in the core soup business demonstrates the durability of Campbell’s cash-generative brand portfolio, reinforcing the long-term thesis around relevance to evolving consumer behaviors even amid macro uncertainty.
