Campbell Soup Company (NYSE:CPB) Q3 Earnings: EPS Beat, But Revenue Misses Amidst Sales Decline

Font: Financial Modeling Prep  • Jun 08, 2026

• Campbell Soup Company (NYSE:CPB) reported a Q3 earnings per share (EPS) of $0.50, surpassing analyst estimates of $0.48.
• Despite the EPS beat, the company's revenue for the quarter reached $2.37 billion, falling short of the $2.38 billion estimate and marking a decline from the prior year.
• The revenue miss was primarily driven by a 4% drop in organic net sales and a 5% decline in sales volume, attributed to factors like inflation and supply chain costs, though management reaffirmed its full-year outlook.

Campbell Soup Company (NYSE:CPB) is a well-known American food company. It produces a wide range of products, including its famous soups, snacks, and simple meals. The company operates in a competitive market, facing rivals like General Mills and The Kraft Heinz Company for shelf space and consumer attention.

On June 8th, 2026, Campbell Soup Company reported its third-quarter earnings. The company announced an earnings per share (EPS) of $0.50, which was slightly better than the estimated $0.48. EPS is a measure of a company's profit allocated to each outstanding share of stock, serving as an indicator of profitability.

However, the company’s revenue for the period was $2.37 billion, just missing the estimate of $2.38 billion. As highlighted by Zacks, this revenue figure is also lower than the $2.48 billion reported in the same quarter last year. This marks the third time in four quarters that Campbell Soup Company has missed revenue estimates.

The decline in performance is due to several factors. The company faced weaker sales volumes, rising inflation, and ongoing supply chain costs. Organic net sales, which measure growth from existing operations, fell by 4%. This was driven by a 5% drop in volume, particularly when compared to strong soup sales in the prior year.

Despite the weaker quarter, the company's management reaffirmed its financial outlook for the full year. Key financial metrics show a price-to-earnings ratio of 13.26 and a debt-to-equity ratio of 1.74. The debt-to-equity ratio is a measure that shows how much debt a company uses to finance its assets relative to its equity.