The Campbell's Co

CPB: XNAS (USA)

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Campbell's Earnings: Ongoing Brand Spending, La Regina Stake Should Buoy Growth; Shares Attractive

Erin Lash , Divya Banerjee

Dec 9, 2025

Campbell's first-quarter fiscal 2026 organic sales fell 1% on lower volumes, while adjusted gross margin dipped 150 basis points to 29.9% on tariffs and supply chain costs. It will acquire 49% of La Regina, the maker of Rao's sauces, for $286 million, with the option to purchase the remaining stake.

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The Campbell's Co

Campbell's Earnings: Ongoing Brand Spending, La Regina Stake Should Buoy Growth; Shares Attractive

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