---
schema_version: "secwatch.filing_event.v1"
accession: "0000016732-22-000154"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2022-12-07T23:59:59+00:00"
generated_at: "2026-06-21T08:09:50.511954+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Campbell Soup Q1 sales up 15% to $2.58B, adjusted EPS $1.02, raises FY2023 guidance

## Summary
- Net sales $2.575B, +15% YoY; reported EPS $0.99 (+15%), adjusted EPS $1.02 (+15%).
- Raised FY2023 guidance: organic net sales now +7-9% (prev +4-6%), adjusted EPS $2.90-$3.00 (prev $2.85-$2.95).
- Meals & Beverages and Snacks segments each +15% sales; U.S. soup sales +11%.
- Achieved $10M cost savings in Q1; on track for $1B by FY2025.
- Cash from ops $227M vs $288M prior year; paid $115M dividends and repurchased $41M stock.

## SEC filing metadata
- accession: 0000016732-22-000154
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2022-12-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000001673222000154/0000016732-22-000154-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000001673222000154/cpb-20221207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016732-22-000154
- JSON: https://secwatch.observer/filing/0000016732-22-000154.json
- Plain text: https://secwatch.observer/filing/0000016732-22-000154.txt

## Key facts
- Earnings Releases
  CAMPBELL'S Co reported first quarter ended October 30, 2022 results: revenue $2,575, EPS $0.99. Guidance raised.
  - Period: first quarter ended October 30, 2022
  - Revenue: $2,575
  - EPS: $0.99
  - Guidance: raised
  - Result: reported results
  source text: into account the volatile economic environment." Three Months Ended ($ in millions, except per share) October 30, 2022 October 31, 2021 % Change Net Sales As Reported (GAAP) $2,575 $2,236 15% Organic 15% Earnings Before Interest and Taxes (EBIT) As Reported (GAAP) $436 $376 16% Adjusted $449 $389 15% Diluted Earnings Per Share As Reported (GAAP) $0.99 $0.86
  evidence_url: https://www.sec.gov/Archives/edgar/data/16732/000001673222000154/0000016732-22-000154-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.