Campbell Soup Company (NYSE:CPB) exceeded Wall Street’s expectations in its fiscal third-quarter earnings report, buoyed by the integration of Sovos Brands and a rebound in at-home food consumption across income levels.
The company reported adjusted earnings per share of $0.73, outpacing the consensus forecast of $0.65. Revenue came in at $2.48 billion, a 4% increase year-over-year and ahead of analysts’ estimates of $2.43 billion. On an organic basis, net sales rose 1%, driven by a 2% boost in volume and mix, partially offset by lower realized pricing as part of a planned strategy.
Campbell reaffirmed its full-year 2025 earnings guidance, projecting adjusted EPS between $2.95 and $3.05. However, the company acknowledged potential risks from newly announced tariffs, which could impact earnings by $0.03 to $0.05 per share – though these effects are not yet reflected in the forecast.
CEO Mick Beekhuizen credited the strong quarter in part to timing advantages in product shipments and a sustained trend of consumers opting to cook at home. “We’re seeing the highest levels of home cooking since the early days of 2020, and our portfolio continues to deliver on value, quality, and convenience,” he said.
Performance varied across segments. The Meals & Beverages division posted a robust 15% growth in net sales, while the Snacks unit experienced an 8% year-over-year decline.
Following the earnings report, Campbell’s shares gained 1.7% in early trading, as investors welcomed both the revenue beat and the reaffirmed outlook.