Filing Flows › Campbell's (CPB) › Q3 FY25
Campbell's (CPB) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Jun 2, 2025
Campbell's (CPB) reported revenue of $2.5B for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and -8% from the quarter before. Operating margin was 6.5%, net earnings $66.0M (2.7% of revenue).
Campbell's, Q3 FY25: revenue $2.5B (+4% year over year), operating margin 6.5%, net earnings $66.0M, operating cash flow $135M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.5B | -8% | +4% |
| Operating profit | $161M | -51% | -35% |
| Net earnings | $66.0M | -62% | -50% |
| Operating cash flow | $135M | -74% | -37% |
| Free cash flow | $50.0M | -88% | -50% |
What changed
Revenue was $2.5B in Q3 FY25, up 4% year over year and down 8% from the previous quarter. Snacks was the largest line at 43% of revenue. Other Simple Meals added $0.15B year over year (up 33%), 141% of the total change. Snacks declined 7%.
Operating profit was $0.16B, a 6.5% margin (down 4.0 points year over year). Operating profit fell $0.09B even though revenue rose $0.11B versus a year earlier, so costs grew faster than sales. Total costs grew 9% against revenue growth of 4%. The fastest-growing cost line was Other operating costs (+286%). Net earnings were $0.07B, down 50% year over year. The effective tax rate was 18.5%.
Operating cash flow was $0.14B (down 37% year over year), 205% of net earnings. Non-cash charges added back $0.11B of depreciation and amortization and $0.02B of share-based compensation. Working capital and other items used $0.06B. Capital expenditures of $0.09B left free cash flow of $0.05B.
Questions
What was Campbell's revenue in the third quarter fiscal 2025?
Campbell's (CPB) reported revenue of $2.5B for the third quarter fiscal 2025 (Q3 FY25), +4% from a year earlier and -8% from the quarter before.
Was Campbell's profitable in the third quarter fiscal 2025?
Operating profit was $161M (6.5% of revenue) and net earnings $66.0M.
Source: Campbell's 10-Q on SEC EDGAR.