Campbell's (CPB) Q3 2025 Earnings Transcript
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Campbell's (NASDAQ:CPB) reported that Meals Beverages outperformed internal expectations, while Snacks continued to face persistent category declines and competitive pressures. Management confirmed that adjusted EPS of $0.73 included accretion from the SOVOS acquisition but was lower year over year, primarily due to higher debt and interest rates. Sequential margin gains in Snacks were achieved versus the previous quarter, mainly from supply chain cost improvements, but full-year Snacks operating margin is now expected at 13% given ongoing headwinds. Management increased the cost savings target for the year and highlighted that tariff costs may be a $0.03–$0.05 headwind to adjusted EPS, which is not included in current guidance.
Source Fool.com
