Filing Flows › Campbell's (CPB) › Q1 FY26
Campbell's (CPB) Q1 FY26 earnings results (first quarter fiscal 2026)
10-Q filed Dec 9, 2025
Campbell's (CPB) reported revenue of $2.7B for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +15% from the quarter before. Operating margin was 12.6%, net earnings $194M (7.2% of revenue).
Campbell's, Q1 FY26: revenue $2.7B (-3% year over year), operating margin 12.6%, net earnings $194M, operating cash flow $224M. The chart follows the revenue to costs, profit and cash.
| Q1 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.7B | +15% | -3% |
| Operating profit | $336M | +25% | -8% |
| Net earnings | $194M | +34% | -11% |
| Operating cash flow | $224M | -14% | -0.4% |
| Free cash flow | $97.0M | -25% | -16% |
What changed
Revenue was $2.7B in Q1 FY26, down 3% year over year and up 15% from the previous quarter. Snacks was the largest line at 41% of revenue. Other Simple Meals lost $0.05B year over year (down 8%), 54% of the total change.
Operating profit was $0.34B, a 12.6% margin (down 0.7 points year over year). Total costs fell 3% while revenue fell 3%. Net earnings were $0.19B, down 11% year over year. The effective tax rate was 24.2%.
Operating cash flow was $0.22B (roughly flat year over year), 115% of net earnings. Non-cash charges added back $0.10B of depreciation and amortization and $0.01B of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.13B left free cash flow of $0.10B.
Questions
What was Campbell's revenue in the first quarter fiscal 2026?
Campbell's (CPB) reported revenue of $2.7B for the first quarter fiscal 2026 (Q1 FY26), -3% from a year earlier and +15% from the quarter before.
Was Campbell's profitable in the first quarter fiscal 2026?
Operating profit was $336M (12.6% of revenue) and net earnings $194M.
Source: Campbell's 10-Q on SEC EDGAR.