The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally.
The company’s portfolio of 16 leadership brands includes Campbell’s, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snack Factory Pretzel Crisps, Snyder’s of Hanover, Swanson and V8.
On March 12, 2024, the company completed the acquisition of Sovos Brands, Inc. (Sovos Brands).
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The Campbell's Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States and internationally.
The company’s portfolio of 16 leadership brands includes Campbell’s, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao’s, Snack Factory Pretzel Crisps, Snyder’s of Hanover, Swanson and V8.
On March 12, 2024, the company completed the acquisition of Sovos Brands, Inc. (Sovos Brands).
Segments
The company operates through two segments: Meals & Beverages and Snacks.
Meals & Beverages, which consists of the company’s soup, simple meals and beverages products in retail and foodservice in the U.S. and Canada. The segment includes the following products: Campbell condensed and ready-to-serve soups; Swanson broth and stocks; Pacific Foods broth, soups and non-dairy beverages; Prego pasta sauces; Pace Mexican sauces; Campbell gravies, pasta, beans and dinner sauces; Swanson canned poultry; V8 juices and beverages; Campbell tomato juice; and as of March 12, 2024, Rao's pasta sauces, dry pasta, frozen entres, frozen pizza and soups; Michael Angelo's frozen entres and pasta sauces; and noosa yogurts. The segment also includes snacking products in foodservice and Canada; and
Snacks, which consists of Pepperidge Farm cookies, crackers, fresh bakery and frozen products, including Goldfish crackers, Snyder of Hanover pretzels*, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July snacks, Snack Factory pretzel crisps, and other snacking products in retail in the U.S. The company refers to the brands as the company’s power brands. The segment includes the retail business in Latin America.
Ingredients and Packaging
The ingredients and packaging materials required for the manufacture of the company’s food and beverage products are purchased from various suppliers, substantially all of which are located in North America.
Customers
In most of its markets, sales and merchandising activities are conducted through the company’s own sales force and/or third-party brokers and distribution partners. The company’s products are generally resold to consumers through retail food chains, mass discounters, mass merchandisers, club stores, convenience stores, drug stores, dollar stores, e-commerce and other retail, commercial and non-commercial establishments. The company’s Snacks segment has a direct-store-delivery distribution model that uses independent contractor distributors.
The company’s five largest customers accounted for approximately 47% of its consolidated net sales in 2024. The company’s largest customer, Wal-Mart Stores, Inc. and its affiliates, accounted for approximately 22% of its consolidated net sales in 2024. Both of the company’s reportable segments sold products to Wal-Mart Stores, Inc. or its affiliates.
Trademarks and Technology
As of September 11, 2024, the company owned over 3,000 trademark registrations and applications in over 150 countries. The company’s principal brands, including Campbell's, Cape Cod, Chunky, Goldfish, Kettle Brand, Lance, Late July, Milano, Pace, Pacific Foods, Pepperidge Farm, Prego, Rao's, Snack Factory, Snyder's of Hanover, Spaghettios, Swanson, and V8, are protected by trademark law in the major markets where they are used.
Seasonality
Demand for the company’s other products is generally evenly distributed throughout the year (year ended July 28, 2024).
Research and Development
In 2024, the company recorded $3 million in research and development expenses.
Dispositions
On August 26, 2024, the company completed the sale of its Pop Secret popcorn business.
History
The company was founded in 1869. It was incorporated in 1922. The company was formerly known as Campbell Soup Company and changed its name to The Campbell's Company in November 2024.