The Campbell's Company

Did Campbell Soup Company change its name?
Yes. In November 2024, shareholders approved the renaming of Campbell Soup Company as The Campbell's Company. The renaming reflects the portfolio's expansion beyond soup into snacks and premium sauces. The snacks division now generates approximately 50% of revenues. The company's NASDAQ ticker remains CPB.

Who owns Rao's pasta sauce?
Rao's Homemade is owned by The Campbell's Company (NASDAQ: CPB). Campbell's acquired Rao's in 2023 for approximately $2.7 billion from Sovos Brands. Rao's was founded by Frank Pellegrino Sr. in 1992 as a jarred version of the sauce served at his family's East Harlem restaurant. The brand is growing approximately 20% annually and has been identified as a potential fourth $1 billion brand.

Does Campbell's own Goldfish crackers?
Yes. Goldfish crackers are manufactured and marketed by Pepperidge Farm, which is a wholly owned subsidiary of The Campbell's Company. Goldfish is one of the company's three $1 billion brands, along with Campbell's and Pepperidge Farm. Goldfish grew approximately 5% in FY2025.

Is The Campbell's Company publicly traded?
Yes. The company trades on NASDAQ under the ticker symbol CPB. The company went public in 1954 on the New York Stock Exchange before moving to NASDAQ. As of mid-2025, the company's market capitalization was approximately $14 billion. The Dorrance family, descendants of condensed soup inventor John T. Dorrance, is the largest shareholder with approximately 15% to 20% of shares.

What is The Campbell's Company's annual revenue?
The Campbell's Company reported FY2025 (fiscal year ended July 27, 2025) net sales of $9.6 billion, up 1% from $9.5 billion in FY2024. Adjusted EBIT was $1.5 billion and adjusted EPS was $3.01. The meals and beverages division generated approximately 50% of revenue, and the snacks division generated approximately 50%.

Who is the CEO of The Campbell's Company?
Mick Beekhuizen is the CEO of The Campbell's Company. Beekhuizen succeeded Mark Clouse in January 2025, when Clouse left to become CEO of PepsiCo. Beekhuizen previously served as president of Campbell's meals and beverages division and has been with the company since 2019.

Who is the largest shareholder of The Campbell's Company?
The Dorrance family, descendants of condensed soup inventor John T. Dorrance, is the largest shareholder. The family holds approximately 15% to 20% of shares through various trusts and holding companies. Other major shareholders include BlackRock, Vanguard, and State Street. The company does not have a dual-class share structure.

Joseph Campbell and Abraham Anderson founded the Anderson and Campbell Preserve Company in Camden, New Jersey in 1869. The company initially produced canned tomatoes, vegetables, jellies, soups, condiments, and minced meats. In 1876, Anderson left the partnership, and the company was renamed Joseph A. Campbell Preserve Company.

Arthur Dorrance became general manager in 1894. In 1897, his nephew John T. Dorrance, a chemist who had studied in Europe, invented the process for condensing soup by removing water. This innovation dramatically reduced shipping and retail costs, making canned soup affordable for the average household. Dorrance's condensed soup became the foundation of the company's growth.

The company was renamed Campbell Soup Company in 1921. The iconic red-and-white soup can label design, inspired by the Cornell University football team's colors, was introduced in 1898 and has remained largely unchanged since.

John T. Dorrance became president of the company in 1914 and led its expansion through World War I and the 1920s. The Dorrance family became the controlling family of Campbell Soup Company and remains the largest shareholder today, with approximately 15% to 20% of shares through various family trusts and holding companies.

Campbell Soup Company went public in 1954, listing on the New York Stock Exchange. The company expanded through acquisitions in the following decades. The acquisition of Pepperidge Farm in 1961 brought cookies, crackers, and bread into the portfolio. The acquisition of V8 vegetable juice in 1948 and Prego pasta sauce in 1981 expanded the meals and beverages division.

In 2010, Campbell's acquired Lance and Snyder's of Hanover, significantly expanding its snacks portfolio. The acquisition of Snyder's-Lance for $6.1 billion in 2018 brought brands including Lance, Snyder's of Hanover, Cape Cod, Kettle Brand, Late July, and Pop Secret under the Campbell's umbrella.

In 2017, the company acquired Pacific Foods for approximately $700 million, adding organic soups, broths, and plant-based beverages to its portfolio.

The most significant recent acquisition was Rao's Homemade in 2023 for approximately $2.7 billion. Rao's, founded by Frank Pellegrino Sr. in 1992 as a jarred version of the sauce served at his family's East Harlem restaurant, commanded retail prices three to four times higher than conventional pasta sauces. The acquisition was the company's largest single-brand purchase and its biggest bet on premium positioning. Management has identified Rao's as a potential fourth $1 billion brand.

In November 2024, shareholders voted overwhelmingly to approve the change from Campbell Soup Company to The Campbell's Company. The renaming reflects the portfolio's evolution beyond soup, where the snacks division generates approximately 50% of revenues. The company also changed its NASDAQ ticker from CPB to CPB (unchanged) and updated its corporate branding.

In January 2025, Mick Beekhuizen succeeded Mark Clouse as CEO. Clouse left to become CEO of PepsiCo. Beekhuizen launched a strategic review of the portfolio to identify opportunities for further diversification and growth.

The Campbell's Company publishes annual corporate responsibility reports and has committed to science-based emissions reduction targets. The company has set a goal of reducing absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030, compared to a 2020 baseline. As of 2025, the company reported a 25% reduction in Scope 1 and 2 emissions.

The company has goals around sustainable agricultural sourcing for tomatoes, a key ingredient across multiple brands. In 2024, approximately 90% of tomatoes sourced by the company were grown under sustainable farming practices. The company works with tomato growers in California and New Jersey to implement water-efficient irrigation and soil health practices.

On packaging, the company has committed to making 100% of its packaging recyclable, reusable, or compostable by 2030. As of 2025, approximately 70% of packaging met this standard. The company has faced criticism from environmental groups for its use of plastic packaging in snack products.

The company has a goal of reducing food waste by 50% by 2030, compared to a 2016 baseline. As of 2025, the company reported a 30% reduction in food waste, driven by improved manufacturing processes and partnerships with food banks.

The Campbell's Company has faced scrutiny over the nutritional content of its products, particularly Campbell's condensed soup, which contains high sodium levels. The company has reformulated several products to reduce sodium content and has introduced lower-sodium variants.

The Campbell's Company has faced several controversies and regulatory challenges.

In 2023, the company faced a class-action lawsuit alleging that Rao's Homemade pasta sauce was not actually made from the recipe served at the Rao's restaurant in East Harlem, as the marketing implied. The lawsuit alleged that the sauce was manufactured in a large-scale production facility and did not use the same recipe as the restaurant. The case was ongoing as of 2026.

The company has faced scrutiny over the sodium content of its Campbell's condensed soup. The American Heart Association has criticized the sodium levels in canned soups, and the FDA has issued guidance urging food manufacturers to reduce sodium in processed foods. Campbell's has reformulated several products to reduce sodium, but some products still contain more than 800 milligrams of sodium per serving.

In 2024, the company faced criticism from environmental groups over its use of palm oil in some snack products. The company has committed to sourcing 100% certified sustainable palm oil, but environmental groups have argued that the certification standards are insufficient.

The company has also faced scrutiny over its marketing of Goldfish crackers to children. The Center for Science in the Public Interest has criticized the company for marketing Goldfish as a healthy snack despite its relatively high sodium content. The company has defended its marketing, pointing to the use of real cheese and the absence of artificial flavors and preservatives.

In 2025, the company faced a lawsuit from a former employee alleging age discrimination. The lawsuit alleged that the company systematically terminated older employees as part of a workforce reduction. The company denied the allegations and the case was ongoing as of 2026.