CAMPBELL'S Co（CPB）の決算・業績分析
CAMPBELL'S Coの2025年有価証券報告書をAI分析。売上高$10.3B(+6.4%)。営業利益$1.1B。Consumer Staples。
目次
CAMPBELL'S Coの2025年度 業績サマリー
CAMPBELL'S Co（証券コード: CPB）の2025年度決算・業績分析。売上高は$10.3B（前年比+6.4%）。営業利益は$1.1B（前年比+12.4%）。純利益は$602M（前年比+6.2%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
CAMPBELL'S Coの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue grew 1.0% YoY to $8.6B (XBRL), but operating income fell 24.7% YoY to $1.2B (XBRL) due to cost inflation and supply chain pressures.
- Net income declined 24.5% YoY to $757M (XBRL), despite strong free cash flow of $939M (XBRL) from $1.2B operating cash flow (XBRL).
- Debt-to-equity ratio rose to 2.29x (XBRL), while cash reserves remained low at $109M (XBRL).
- Shareholder returns totaled $618M (XBRL) via dividends ($451M) and buybacks ($167M).
CAMPBELL'S Coの売上高変化の要因
- •Total revenue increased 1.0% YoY to $8.6B (XBRL), driven by the Sovos Brands acquisition (10-K). However, segment-specific revenue breakdowns are unavailable. Over five years, revenue grew at a 7.2% CAGR (XBRL), but operating income and net income CAGRs were 5.4% and 26.9% respectively (XBRL). The 2024 revenue growth contrasts with the 2023 decline from $8.7B to $8.6B (XBRL).
CAMPBELL'S Coの営業利益変化の要因
- •Operating margin fell to 13.6% (XBRL) from prior years, with operating income declining 24.7% YoY to $1.2B (XBRL). Net margin dropped to 8.8% (XBRL), reflecting lower operating income and non-operating items. EBITDA remained stable at $1.5B (17.5% margin) (XBRL). Cost inflation, supply chain disruptions, and ineffective price increases (10-K) are cited as key drivers of margin compression.
CAMPBELL'S Coの事業リスクと対応
Inflationary pressures on raw materials and labor may not be fully offset by price increases, risking margin compression (10-K).
Supply chain disruptions from extreme weather, geopolitical conflicts, or supplier issues could impair production/distribution (10-K).
Reliance on single suppliers (e.g., Rao’s sauce contract manufacturers) increases vulnerability to operational disruptions (10-K).
Commodity price volatility (e.g., agricultural inputs) could impact cost stability and profitability (10-K).
Consumer shift to private-label products during inflation may reduce sales and margins (10-K).
CAMPBELL'S Coの今後の見通し・業績予想
CAMPBELL'S Coの事業内容
Campbell's Co (CPB) operates as a manufacturer and marketer of branded food and beverage products, generating revenue through retail and foodservice channels. Its two reportable segments are Meals & Beverages (soups, beverages, sauces, frozen foods) and Snacks (cookies, crackers, pretzels under brands like Pepperidge Farm and Goldfish). The company faces significant customer concentration, with Walmart Stores, Inc. and its affiliates accounting for ~22% of sales (10-K). Key competitive advantages include strong branded products, diversified distribution networks, and strategic acquisitions (e.g., Sovos Brands) (10-K).
CAMPBELL'S CoのAI業績分析レポート（2024年度）
Campbell's Co (CPB) FY2024 Annual Report Analysis
Highlights
Business Overview
Campbell's Co operates two reportable segments: Meals & Beverages (soups, beverages, sauces, frozen foods) and Snacks (cookies, crackers, pretzels under brands like Pepperidge Farm and Goldfish). The company faces significant customer concentration, with Walmart Stores, Inc. and its affiliates accounting for ~22% of sales (10-K). Competitive advantages include strong branded products, diversified distribution networks, and strategic acquisitions (e.g., Sovos Brands) (10-K).
Revenue Analysis
Total revenue increased 1.0% YoY to $8.6B (XBRL), driven by the Sovos Brands acquisition (10-K). Over five years, revenue grew at a 7.2% CAGR (XBRL), but operating income and net income CAGRs were 5.4% and 26.9% respectively (XBRL). The 2024 revenue growth contrasts with the 2023 decline from $8.7B to $8.6B (XBRL). Segment-specific revenue data is unavailable.
Profitability Analysis
Operating margin fell to 13.6% (XBRL), with operating income declining 24.7% YoY to $1.2B (XBRL). Net margin dropped to 8.8% (XBRL), reflecting lower operating income and non-operating items. EBITDA remained stable at $1.5B (17.5% margin) (XBRL). Cost inflation, supply chain disruptions, and ineffective price increases (10-K) are cited as key drivers of margin compression.
Balance Sheet Analysis
Equity ratio was 30.4% (XBRL), with total equity rising to $3.7B (XBRL) in FY2024 from $3.3B in FY2023 (XBRL). Total assets increased to $12.1B (XBRL), but liquidity remains constrained with cash at $109M (XBRL). Current ratio of 0.93x (XBRL) suggests potential short-term liquidity challenges. Debt levels rose to $5,761M (XBRL) in FY2024 from $4,498M in FY2023 (XBRL).
Cash Flow Analysis
Operating cash flow was $1.2B (XBRL), exceeding net income of $757M (XBRL). Free cash flow totaled $939M (XBRL), calculated as $1.2B operating cash flow minus $242M CapEx (XBRL). Investing activities included $242M CapEx (XBRL) and the Sovos Brands acquisition (10-K). Financing activities reflected $451M dividends paid (XBRL) and $167M share repurchases (XBRL).
Working Capital Analysis
Risks
Outlook
Management expects cost inflation, consumer snacking preferences, and supply chain recovery to impact future results (10-K). No specific financial guidance is provided for FY2025 (XBRL/10-K).
Consumer Staplesの企業一覧
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