Campbell Soup Company (0HST.L) Q1 2025 Earnings Report

Campbell Soup Company delivered a solid QQ1 2025 with revenue of USD 2.772 billion, up 12.9% year over year and 20.9% quarter over quarter, supported by a favorable price/mix dynamic and continued demand resilience in its core North American market. The gross margin stood at approximately 31.3%, contributing to an operating margin of 13.2% and an EBITDA margin of 17.2%. Net income of USD 218 million translated to an EPS (full) of USD 0.73 and a diluted EPS of USD 0.72. Cash generation remained healthy, with net cash from operating activities of USD 225 million and free cash flow of USD 115 million, financing activity contributing to net cash provided of USD 523 million and a year-end cash balance of USD 808 million. The balance sheet shows total debt of USD 7.917 billion and net debt of USD 7.109 billion, with a debt-to-capitalization of about 0.67 and a debt-to-equity ratio near 2.06, indicating meaningful leverage that warrants close monitoring against future cash flow growth.