QQ2 2025 marked another period of resilient cash generation for Campbell Soup Company, underpinned by a diversified brand portfolio and disciplined capital allocation. Revenue reached USD 2.685B, up 13.34% year-over-year but down 3.14% quarter-over-quarter, reflecting continued price realization and favorable mix alongside ongoing macro headwinds. Gross profit stood at USD 819M with a margin of 30.50%, while operating income was USD 327M and net income USD 173M, translating to a net margin of 6.44% and an EPS of USD 0.58. EBITDA was USD 437M with an EBITDA margin of 16.28%.
Cash flow remained robust: cash provided by operating activities amounted to USD 512M and free cash flow was USD 411M after USD 101M in capital expenditures. End-of-period liquidity consisted of USD 829M in cash and cash equivalents against USD 7.675B in total debt, with net debt of USD 6.845B. The company paid USD 111M in dividends and repurchased USD 2M of stock, while debt repayments totaled USD 247M during the quarter. The current ratio stood at 0.93 and the balance sheet shows meaningful goodwill and intangible assets (totaling USD ~9.5B). Management continues to emphasize pricing discipline, brand portfolio execution, and cost efficiency as levers to protect profitability in a higher-cost environment, while prioritizing deleveraging and shareholder return. No formal forward-looking guidance was provided in the supplied materials; investors should monitor input costs, currency effects given the global listing, and ongoing efficiency programs.