Campbell Soup Company

Campbell Soup Company reported Q2 2026 net earnings of $145.0 million and total comprehensive income of $148.0 million. The company generated strong operating cash flow of $740.0 million, primarily driven by positive working capital changes including a $94.0 million decrease in accounts receivable and a $137.0 million increase in accounts payable and accrued liabilities. Investing activities used $234.0 million for capital expenditures and route purchases, while financing activities resulted in a net cash outflow of $78.0 million due to dividend payments of $237.0 million and net short-term debt repayments. The balance sheet shows total assets of $15.35 billion with significant goodwill ($4.99 billion) and intangible assets ($4.33 billion), offset by substantial long-term debt of $6.65 billion. Shareholders' equity stands at $4.00 billion with accumulated other comprehensive loss of -$11.0 million.

Key Takeaways