secwatch.observer — SEC 8-K summary
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Issuer:     CAMPBELL'S Co (CPB)
CIK:        0000016732
Form:       8-K
Filed at:   2024-08-29T23:59:59+00:00
Accession:  0000016732-24-000120
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Campbell Q4 GAAP EPS -$0.01; adj. EPS $0.63 (+26%); FY2025 guide adj. EPS $3.12-$3.22
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- Q4 net sales $2.3B (+11% reported, -1% organic); adj. EBIT $329M (+36%); GAAP EBIT $77M includes $129M impairment on Pop Secret/Allied.
- FY2024 GAAP EPS $1.89 (down 34%); adj. EPS $3.08 (+3%); returned $512M to shareholders ($445M dividends).
- FY2025 guidance: net sales +9-11% (incl. Sovos full yr, Pop Secret divest); adj. EPS $3.12-$3.22 (+1-4%).
- Sovos Brands integration ahead of expectations; Pop Secret divested Aug 26; cost savings $950M of $1B.
- Meals & Beverages Q4 sales +28% (acq); Snacks -3% organic; Soup volumes improved sequentially.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000120/0000016732-24-000120-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/16732/000001673224000120/cpb-20240829.htm
  HTML page:      https://secwatch.observer/filing/0000016732-24-000120

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer