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Campbell Soup CPB Meals & Beverages — Segment operating earnings

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Other financials

Income statement

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Revenue$2.4B-4.4%
Gross profit$650.0M-10.7%
Operating income$239.0M+48.4%
Net income$124.0M+87.9%
EPS (diluted)$0.41+86.4%

Balance sheet

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Cash & equivalents$402.0M+181%
Total debt$7.2B+1.7%
Total equity$4.0B+4.1%
Total assets$15.1B+2.1%

Cash flow

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Operating cash flow$99.0M-26.7%
CapEx$70.0M-17.6%
Free cash flow$29.0M-42.0%

Valuation

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Market cap$6.87B-29.5%
Enterprise value$13.66B-18.1%
P/E11.3×-10.0×
P/S0.7×-0.3×

Profitability

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Gross margin28.8%-1.4pp
Operating margin11.3%+2.1pp
Net margin6.1%+1.7pp
FCF margin6.8%-0.3pp

Returns & leverage

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Return on equity15.4%+3.7pp
Debt / equity1.8×0.0×
Current ratio0.9×+0.1×

Where this comes from

Reported directly by Campbell Soup in its filing.

Tagged under the XBRL concept cpb:SegmentOperatingEarnings.

The source filing: Campbell Soup’s 10-Q, filed June 8, 2026.

Filed
Jun 8, 2026, 7:26 AM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0000016732-26-000012
(Millions)Three Months Ended / May 3, 2026 / Meals & BeveragesThree Months Ended / May 3, 2026 / SnacksThree Months Ended / May 3, 2026 / TotalThree Months Ended / April 27, 2025 / Meals & BeveragesThree Months Ended / April 27, 2025 / SnacksThree Months Ended / April 27, 2025 / Total
Net sales$1,426$940$2,366$1,493$982$2,475
Cost of products sold1,0136941,040690
Other segment items(1)200151200152
Segment operating earnings$213$95$308$253$140$393
Corporate expense (income)(2)60226
Restructuring charges(3)96
Earnings before interest and taxes$239$161
Interest expense8385

Item 1. Financial Statements

FAQ

What is Campbell Soup's meals & beverages — segment operating earnings?
Campbell Soup (CPB) reported meals & beverages — segment operating earnings of $213M in Q1 2026.
How has Campbell Soup's meals & beverages — segment operating earnings changed year-over-year?
Campbell Soup's meals & beverages — segment operating earnings decreased by 15.8% year-over-year, from $253M to $213M.
What is the long-term trend for Campbell Soup's meals & beverages — segment operating earnings?
Over 2 years (2023 to 2025), Campbell Soup's meals & beverages — segment operating earnings has grown at a 9.7% compound annual growth rate (CAGR), from $894M to $1.08B.
What does meals & beverages — segment operating earnings mean?
Reflects the core profitability of the segment by subtracting operating expenses from net sales, excluding interest, taxes, and corporate-level overhead. This metric is the primary gauge of the segment's operational health and its ability to generate profit from its core business activities. It allows for a direct comparison of performance across different business units.

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