---
schema_version: "secwatch.filing_event.v1"
accession: "0000016732-23-000036"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2023-03-08T23:59:59+00:00"
generated_at: "2026-06-18T08:33:05.748738+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Campbell Q2 net sales +12% to $2.485B; adj EPS $0.80 beats; raises FY guidance

## Summary
- Adjusted EPS $0.80 (+16% YoY) on net sales $2.485B (+12% reported, +13% organic).
- Meals & Beverages sales +10%; Snacks sales +15% (power brands up 20%).
- Raises FY2023 guidance: net sales +8.5-10%, adj EPS $2.95-$3.00 (prev $2.90-$3.00).
- Adjusted EBIT up 14% to $362M; cost savings program on track for $1B by FY2025.
- Cash dividends $226M, share repurchases $66M in H1; $375M left on $500M buyback.

## SEC filing metadata
- accession: 0000016732-23-000036
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2023-03-08T23:59:59+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/16732/000001673223000036/0000016732-23-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000001673223000036/cpb-20230308.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016732-23-000036
- JSON: https://secwatch.observer/filing/0000016732-23-000036.json
- Plain text: https://secwatch.observer/filing/0000016732-23-000036.txt

## Key facts
- Earnings Releases
  CAMPBELL'S Co reported quarter ended January 29, 2023 results: EPS $0.77. Guidance raised.
  - Period: quarter ended January 29, 2023
  - EPS: $0.77
  - Guidance: raised
  - Result: reported results
  source text: On March 8, 2023, Campbell Soup Company issued a press release announcing financial results for the quarter ended January 29, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/16732/000001673223000036/0000016732-23-000036-index.htm
- Earnings Releases
  CAMPBELL'S Co updated its fiscal 2023 guidance (raised).
  - Period: fiscal 2023
  - Guidance: raised
  - Result: reported results
  source text: Raises full-year fiscal 2023 net sales guidance and raises the midpoint of adjusted EBIT and adjusted EPS guidance range
  evidence_url: https://www.sec.gov/Archives/edgar/data/16732/000001673223000036/0000016732-23-000036-index.htm

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