Campbell Soup Company

Campbell Soup Company (NYSE: CPB) is a leading American food company founded in 1869 and headquartered in Camden, New Jersey. The company was listed on the New York Stock Exchange in 1954. Campbell Soup is known for its iconic canned soups, but has expanded its portfolio to include a wide range of food and beverage products.

Campbell's portfolio includes the following main products and brands:

• Campbell's condensed and ready-to-serve soups

• Swanson broth and stocks

• Pacific Foods broth, soups and non-dairy beverages

• Prego pasta sauces

• Pace Mexican sauces

• V8 juices and beverages

• Pepperidge Farm cookies, crackers, and bakery products

• Goldfish crackers

• Snyder's of Hanover pretzels

• Lance sandwich crackers

• Cape Cod and Kettle Brand potato chips

• Late July snacks

• Rao's pasta sauces, dry pasta, frozen entrées, frozen pizza and soups (acquired in March 2024)

Campbell has been focusing on expanding its snacks business in recent years. In fiscal year 2023, the company's snacks division grew 13% compared to 3% growth for soups. Campbell expects its Goldfish crackers to become its largest brand by 2027.

In March 2024, Campbell completed the acquisition of Sovos Brands, adding the Rao's and Michael Angelo's brands to its portfolio. The company expects this acquisition to bring incremental growth to its Meals & Beverages division. For fiscal year 2024, Campbell projects net sales growth of 3% to 4%, driven largely by the Sovos Brands acquisition.