The Campbell Soup Company announced its financial results for the third quarter of fiscal year 2025, ended April 27, 2025, posting better-than-expected performance driven by favourable shipment timing and resilient consumer demand.

CEO Comments Mick Beekhuizen, Campbell’s President and CEO said: “We delivered solid third quarter results that exceeded our expectations partially due to favourable shipment timing. 

“In Meals & Beverages, we are seeing improved consumption across all consumer income groups. Consumers are cooking at home at the highest levels since early 2020 and turning to our brands for value, quality, and convenience. 

“Within Snacks, performance was mixed across the portfolio, and while we’re benefiting from some strong innovation launches, we are adjusting our plans to make sure we’re competitive across our full brand portfolio. 

“Our overall performance reflects our strong execution and disciplined cost management in what remains a dynamic operating environment. We continue to evolve our organisation and capabilities to better leverage our scale for growth and drive long-term value creation.”

In the third quarter of fiscal 2025, Campbell’s reported net sales of $2.5 billion, representing a 4% increase compared to the prior year, and a 1% increase on an organic basis. Earnings Before Interest and Taxes (EBIT) totaled $161 million, while adjusted EBIT—which includes the impact of the Sovos Brands acquisition—rose 2% to $362 million. 

Earnings per share (EPS) were $0.22, with adjusted EPS decreasing 3% to $0.73. Fiscal year-to-date, the company generated $872 million in cash flow from operations and returned $403 million to shareholders through dividends and share repurchases. 

Campbell’s reaffirmed its full-year fiscal 2025 guidance, with adjusted EPS expected at the low end of the previously stated range, excluding the impact of tariffs. If current tariffs remain in effect, the estimated net incremental headwind is projected to be between $0.03 and $0.05 per share.