---
schema_version: "secwatch.filing_event.v1"
accession: "0000016732-23-000174"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2023-12-06T23:59:59+00:00"
generated_at: "2026-06-07T17:10:07.803754+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Campbell Q1 net sales down 2%; adjusted EPS $0.91 vs $1.02 prior year; reaffirms FY24 guidance

## Summary
- Net sales $2.518B (-2% reported, -1% organic); adjusted EBIT $407M (-9%).
- Adjusted EPS $0.91 (-11%); GAAP EPS $0.78 (-21%).
- Reaffirms FY24 guidance: net sales -0.5% to +1.5%, adj EPS $3.09-$3.15.
- Sovos Brands acquisition expected to close calendar 2024; not in FY24 outlook.
- Meals & Beverages segment sales -4%; Snacks organic +1% driven by power brands.

## SEC filing metadata
- accession: 0000016732-23-000174
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2023-12-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000001673223000174/0000016732-23-000174-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000001673223000174/cpb-20231206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016732-23-000174
- JSON: https://secwatch.observer/filing/0000016732-23-000174.json
- Plain text: https://secwatch.observer/filing/0000016732-23-000174.txt

## Key facts
- Earnings Releases
  CAMPBELL'S Co updated its first-quarter fiscal 2024 ended October 29, 2023 guidance (reaffirmed).
  - Period: first-quarter fiscal 2024 ended October 29, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On December 6, 2023, Campbell Soup Company issued a press release announcing financial results for the quarter ended October 29, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/16732/000001673223000174/0000016732-23-000174-index.htm

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