The Campbell’s Company (NASDAQ:CPB) delivered a strong third-quarter performance, surpassing Wall Street expectations on both earnings and revenue as its recent acquisition of Sovos Brands added momentum to its growth.
The company reported adjusted earnings of $0.73 per share, ahead of the $0.65 consensus. Revenue climbed 4% year-over-year to $2.48 billion, exceeding analyst projections of $2.43 billion. Organic sales rose 1%, driven by stronger volume and mix, though slightly offset by unfavorable pricing adjustments that had been pre-planned.
Performance was supported by improved consumption trends across various income groups and a sustained consumer shift toward home cooking, boosting demand for Campbell’s range of packaged food products.
The company reaffirmed its full-year guidance for fiscal 2025, with earnings expected to range between $2.95 and $3.05 per share. However, management acknowledged potential headwinds from newly introduced tariffs, which could impact results by $0.03 to $0.05 per share but are not yet included in the forecast.
