Campbell Soup’s Revenue by Product Category (2016-2022)

This statistic highlights Campbell Soup’s Revenue by Product Category, split across beverages, snacks, soup and other simple food, reported on a quarterly basis from Q1 2016 onwards.

Campbell Soup Company traded as Campbell’s, is an American processed and snack food company. The company is most closely associated with its flagship product, canned soup. However, the merger and acquisition have made it one of the largest processed food companies in the United States. Founded by Joseph .A. Campbell, this company is headquartered in New Jersey, United States.

Campbell Soup’s Revenue by Product Category

(All figures in millions, except percentages)

Campbell Soup’s Revenue by Product increased from $1,332 million in Q1 2021 to $2,233 million in Q1 2022, marking a 40.34 % increment on a year-on-year basis. Also, the revenue increased from $1,872 million in Q4 2021 to $2,233 million in Q1 2022, indicating an increment of 19.28% on a quarterly basis.

Campbell Soup’s product-wise revenue is bifurcated in the following way:

Beverages

Constituting the least part of revenue, accounting for 7.70% of the total revenue in Q1 2022. In 2022, the company generated $172 million from the sale of beverages. Campbell Soup’s beverages witnessed a decline, from $195 million in Q1 2021 to $172 million in  Q1 2022. This indicates a decline of 11.7% on a quarterly basis. It decreased by % on a yearly basis, as compared to $200 million in Q4 2021.

Snacks

Contributing the largest share of revenue, the snacks product category accounts for 44.78% of the total revenue in Q1 2022. In this period, the company generated $1,000 million through the sale of its snacks. Campbell Soup’s snacks witnessed a meagre decline from $1010 million in Q1 2021 to $1000 million in Q1 2022. This indicates nearly 1% decrease on a yearly basis. It saw a slightly higher decline of2.9 % on a quarterly basis, as compared to $1,030 million in Q4 2021.

Soup

While soups were the most profitable section for the company, accounting for more than a third of its sales in 2016, this has changed over time, with snacks accounting for the biggest segment share in worldwide net sales in Q1 2022. However, the Soup product category continues to perform well for the corporation. In Q1 2022, this product category accounted for 35.69% of the total revenue. In this period, the company generated $797 million from the sale of its soups. On a yearly basis, the revenue declined from $826 million in Q1 2021 to $797 million in Q1 2022, making a decline of 3.51%. Quarterly, it increased by 97.27%, as compared to $404 million in Q4 2021.

Other Simple Food

Other Simple Foods generated a total revenue of $264 million in Q1 2022. This accounts for 11.82% of the total revenue generated. Campbell Soup’s revenue from other simple foods witnessed a sharp decline from $311 million in Q1 2021 to $264 million in Q1 2022. This indicates a decline of 15.11% yearly. However, it increased on a quarterly basis by 10.9%, as compared to $238 million in Q4 2021.

About Campbell Soup Comapny

Campbell Soup Company, which is likewise called Campbell’s, is an American manufacturer of soup and different meals and beverage merchandise. The corporation become shaped in 1869 in Camden, New Jersey. The corporation gives an extensive variety of canned soups, easy meals, snacks, dressings, packaged clean foods, and beverages. Campbell’s product portfolio consists of meals manufacturers consisting of Pepperidge Farm, Goldfish, Arnott’s, Kjeldsens, Royal Dansk, V8, Bolt House Farms, Garden Fresh Gourmet, Plum Organics, Swanson Broths, and Prego and Pace. Campbell’s merchandise is offered in more or less a hundred and twenty international locations across the world. The company consists of two divisions: Food and Beverages and Snacks. Their mission is to unleash their full growth potential driven by strategic planning. Building winning teams and cultures, accelerating profitable growth, driving investment and profits through targeted cost savings and fulfilling their promises.

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