---
schema_version: "secwatch.filing_event.v1"
accession: "0000016732-25-000125"
form_type: "8-K"
ticker: "CPB"
cik: "0000016732"
company_name: "CAMPBELL'S Co"
filed_at: "2025-12-09T23:59:59+00:00"
generated_at: "2026-05-16T13:48:13.137240+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Campbell's Q1 adjusted EPS down 13% to $0.77; net sales -3%; acquires 49% of La Regina for $286M

## Summary
- Net sales fell 3% to $2.677B (organic -1%); adjusted EPS $0.77 vs $0.89; adjusted EBIT down 11% to $383M.
- Meals & Beverages organic sales -2%; Snacks organic -1%; both segments saw volume declines.
- Acquiring 49% stake in Rao's sauce maker La Regina for $286M; expected close H2 FY26, neutral to FY26 guidance.
- Reaffirmed FY26 guidance: organic net sales -1% to +1%; adjusted EPS $2.40-$2.55.
- Cost savings delivered $15M in Q1; cumulative $160M toward $375M fiscal 2028 target.

## SEC filing metadata
- accession: 0000016732-25-000125
- form_type: 8-K
- ticker: CPB
- cik: 0000016732
- company_name: CAMPBELL'S Co
- filed_at: 2025-12-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/16732/000001673225000125/0000016732-25-000125-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/16732/000001673225000125/cpb-20251209.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000016732-25-000125
- JSON: https://secwatch.observer/filing/0000016732-25-000125.json
- Plain text: https://secwatch.observer/filing/0000016732-25-000125.txt

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