Campbell Soup Company reported QQ3 2024 revenue of $2.369 billion, down 5.92% year over year, with gross profit of $732 million and a gross margin of 30.9%. Operating income was $281 million (operating margin 11.86%), and net income stood at $133 million (net margin 5.61%), translating to an EPS of $0.42. The result reflects a combination of volume weakness and ongoing input-cost pressures, partially offset by cost controls and pricing actions evident in the quarter. Cash flow generation remained solid on an operational basis, with $213 million of net cash provided by operating activities and $100 million of free cash flow, despite a substantial investing activity outflow driven by acquisitions and capital applications tied to strategic initiatives. The balance sheet shows a leveraged position with total debt of $7.179 billion and net debt of $7.072 billion, while liquidity metrics remain modest (current ratio 0.62, quick ratio 0.24, cash ratio 0.03). Management indicated a renewed emphasis on price realization, cost discipline, and portfolio optimization, but no formal quarterly forward guidance was provided in the data. Near-term investors should monitor deleveraging progress, working capital efficiency, and the trajectory of margins as price actions and cost containment interact with volume trends.