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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
The Campbell’s Company
The Campbell’s Company (CPB) investor relations material
The Campbell’s Company Proxy filing summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Proxy filing summary7 Oct, 2026
Executive summary
FY2026 net sales were $9.744B, down 5% vs. FY2025; adjusted EBIT was $1.181B, down 21%, and adjusted EPS was $2.17, down 27%.
Strategy prioritizes U.S. everyday cooking and snacking, consumer-led brands, and enterprise transformation to support profitable growth.
Voting matters and shareholder proposals
Shareholders will vote Nov. 17, 2026, on 12 director nominees for one-year terms; the Board recommends FOR each nominee.
The Board recommends FOR PwC as auditor for FY2027, FOR advisory approval of FY2026 executive pay, and FOR the amended and restated 2022 LTIP.
The Board recommends AGAINST a shareholder request for a report on regenerative agriculture effectiveness, including pesticide-reduction outcomes.
Board of directors and corporate governance
11 of 12 nominees are independent, including the independent Board Chair; all four standing committees are fully independent.
Four nominees are women and three are ethnically diverse; four new independent directors have joined since 2020, with average independent-director tenure of 8.6 years.
In FY2026, the director retirement age rose from 72 to 75, subject to a limited Board waiver; directors attended at least 90% of Board and committee meetings.
Governance safeguards include annual director elections, majority voting in uncontested elections, shareholder written-consent and special-meeting rights, and no shareholder rights plan.
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Latest events from The Campbell’s Company
- Transformation plan targets margin recovery, leverage reduction, and brand-focused growth.CPB
Barclays 19th Annual Global Consumer Conference - Earnings and sales fell, dividend was cut, and a major cost savings plan was announced.CPBQ4 2026 (Q&A)
- Earnings and sales fell as inflation persisted; cost savings and dividend cut target debt reduction.CPBQ4 2026 Prepared Remarks
- Board elections, financials, and all management proposals approved; shareholder proposals rejected.CPBAGM 2025
- Sales and earnings fell sharply, leading to a more cautious outlook and accelerated cost savings.CPBQ2 2026 Prepared remarks
- Net sales and earnings declined, but guidance and premium brands remain resilient.CPBQ3 2026 Prepared remarks
- Net sales fell 4% and margins declined, but cost savings and guidance were maintained.CPBQ3 2026 (Q&A)
- Sales and earnings declined, but cost savings and new partnerships support reaffirmed guidance.CPBQ1 2026
- Net sales rose 9% but organic sales and adjusted EPS declined, prompting lower guidance.CPBQ2 2025
Next The Campbell’s Company earnings date
AGM 202617 Nov, 2026
The Campbell’s Company
Next The Campbell’s Company earnings date
AGM 202617 Nov, 2026
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Frequently asked questions
Soups and Processed Foods
Campbell Soup Company, more often than not referred to simply as Campbell’s, is an American company producing a wide array of different processed foods. The company is most known for its famous canned soup products, but it also produces various canned foods, beverages, snacks, and more. Campbell’s owns and operates several smaller subsidiaries such as Pepperidge Farm, V8 Juice, Swanson, and several others. The company is headquartered in Camden, New Jersey and its shares are traded on the NYSE.
Glass Jars and Pop Art
The Campbell Soup Company was founded in 1869 by Joseph A. Campbell and Abraham Anderson in Camden, New Jersey. Originally started as a producer of canned tomatoes, vegetables, jellies, soups, and minced meats, the company's first canned soup was introduced in 1895. Over the years, Campbell's expanded its product line to include a wide variety of soups and other food products, and made several acquisitions of other companies within the processed food industry. In the 1960s, artist Andy Warhol used the soup can as the subject for a series of artworks, drawing attention to the relationship between consumer goods and art. His depiction of the Campbell's can is famous around the world and one of the most renowned examples of pop art.
The Soups
Campbell’s soups are its most iconic products and have become staples in many consumer’s pantries. Over the years, the product line has expanded significantly, offering a diverse array of flavors and styles. Classic varieties like Tomato, Chicken Noodle, and Cream of Mushroom remain popular, while newer lines such as the Chunky series offer heartier options with more pronounced ingredients. Many of Campbell's soups are designed to be heated and consumed directly from the can, but they also serve as foundational ingredients in numerous recipes, from casseroles to sauces.
Other Products
While soups are still a large part of the company’s DNA, they also produce a number of other products and foods. These include canned goods outside its portfolio of soups, various snacks, beverages, and more. Its subsidiaries include Pepperidge Farm, V8 Juice, Swanson, and several others. When looking at peers one finds names such as Unilever, General Mills, Kraft-Heinz, and several others.