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Companies · CPB

CPB Reported this cycle

Campbell's

Camden, NJ Founded 1869 Food & Beverage

AI-generated · informational only · not investment advice · verify before relying.

Revenue

$9.7B

CPB 10-K · FY 2026

Employees

13,500

Revenue growth YoY

+6%

Founded

1869

Profile

CPB 10-K Item 1 · Sep 24, 2026

The Campbell's Company is a New Jersey-based manufacturer and marketer of branded food and beverage products operating through two reportable segments: Meals & Beverages and Snacks. Its portfolio spans soups, sauces, crackers, cookies, and other snacking products sold primarily through U.S. retail and foodservice channels. The company traces its heritage to 1869 and is formally incorporated under New Jersey law since 1922.

Read filing description ↓

We are a manufacturer and marketer of high-quality, branded food and beverage products. We organized as a business corporation under the laws of New Jersey on November 23, 1922; however, through predecessor organizations, we trace our heritage in the food business back to 1869. Our principal executive offices are in Camden, New Jersey 08103-1799. Our reportable segments are: Meals & Beverages, which consists of soup, simple meals and beverages products in retail and foodservice in the U.S. and Canada. The segment includes the following products: Campbell's condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; SpaghettiOs pasta; Campbell's gravies, beans and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell's tomato juice; and as of March 12, 2024, Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza and soups; Michael Angelo's frozen entrées and pasta sauces; and noosa yogurts. The noosa yoghurt business was sold on February 24, 2025. The segment also includes snacking products in foodservice and Canada, and beginning in 2026, the snacking and meals and beverages retail business in Latin America; and Snacks, which consists of Pepperidge Farm cookies, crackers, fresh bakery and frozen products, including Goldfish crackers, Snyder's of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products in retail in the U.S. The segment also included the results of our Pop Secret popcorn business, which was sold on August 26, 2024.

Primary products

  • Campbell's condensed and ready-to-serve soups
  • Swanson broth and stocks
  • Pacific Foods broth, soups and non-dairy beverages
  • Prego pasta sauces
  • Pace Mexican sauces
  • SpaghettiOs pasta

Business segments

Meals & Beverages Snacks

End markets

retail food chains mass discounters mass merchandisers club stores convenience stores dollar stores e-commerce foodservice non-commercial establishments

Geographies

U.S. Canada Latin America

Named customers

Walmart Inc.

Our five largest customers accounted for approximately 48% of our consolidated net sales in 2026 and 47% in 2025 and 2024. Our largest customer, Walmart Inc. and its affiliates, accounted for approximately 22% of our consolidated net sales in 2026, 21% in 2025, and 22% in 2024.

“Our principal areas of competition are brand recognition, taste, nutritional value, price, promotion, innovation, shelf space and customer service.” Competitive position, as stated in the filing

Revenue commentary · FY 2026

Net sales decreased 5% in 2026 to $9.744 billion, primarily due to unfavorable volume/mix, a 2-point impact from the 53rd week in 2025, and the impact of divestitures, partially offset by favorable net price realization.

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