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This statistic highlights Campbell Soup’s Revenue by Segment, across Americas Simple Meals and Beverages, Campbell fresh, Corporate, Global Biscuits and Snacks, Meals and Beverages segments.
The company is an American-based processed food and snack company. As a purpose-driven company, it plays an integral role in society, from the food it makes and the ways it makes it to the longstanding commitment to the communities they call home and the environment.
|Category||Q1 2021||Q2 2021||Q3 2021||Q4 2021||Q1 2022||Contribution in Q1 2022|
|Global Biscuits and Snacks||$998||$979||$945||$1022||$970||43%|
|Meals and Beverages||$1342||$1300||$1039||$851||$1266||57%|
(All figures in millions, except for percentage)
Campbell Soup’s total revenue decreased from $2340 million in Q1 2021 to $2236 million in Q1 2022, marking a decline of 4.44% ($104 million) in a year. Compared quarterly, the company’s revenue increased from $1873 million in Q4 2021 to $2236 million in Q1 2022, setting an increment of 19.38% ($363 million).
Campbell Soup’s revenue is further bifurcated into the following segments:
Global Biscuits and Snacks
This segment consists of Pepperidge Farm cookies, crackers, fresh bakery, and frozen products, including Goldfish crackers, Snyder’s of Hanover pretzels, Lance sandwich crackers, Cape Cod potato chips, Kettle Brand potato chips, Late July Snacks, Snack Factory pretzel crisps, Pop Secret popcorn, Emerald nuts, and other snacking products in retail in the U.S. The segment also includes the retail business in Latin America.
Campbell’s revenue from the global biscuits and snacks increased from $652 million in Q1 2016 to $970 million in Q1 2022, setting a massive incline of 48.77% ($318 million). However, Compared yearly, the company’s revenue witnessed a decline of 2.81% ($28 million) from $998 million in Q1 2021 to $970 million in Q1 2022. In 2021, the company’s revenue from this segment showed fluctuations, the revenue declined from $998 million to $945 million, accounting for a fall in revenue by 5.31% ($53 million). It rose to $1022 million in Q4 2021, marking a growth of 8.15% ($77 million). However, the revenue again decreased to $970 million, setting a decline of 5.09% ($52 million). This segment accounted for 43.38% of the total revenue generated in Q1 2022.
Meals and Beverages
The meals & Beverages, segment consists of soup, simple meals, and beverages products in retail and food service in the U.S. and Canada. This segment includes the following products: Campbell’s condensed, ready-to-use soup. Swanson Soups and Stocks; Pacific Foods Soups, Soups, Beverages Other Than Dairy Products. Prego Pasta Sauce; Pace Mexican Sauce; Campbell Sauce, Pasta, Beans, Dinner Sauce. Swanson canned poultry; V8 juice and drinks; Campbell’s tomato juice.
The companies revenue from Meals and beverages witnessed fluctuations in the generation of revenue from $1342 million in Q1 2021 to $1039 million in Q3 2021, amounting to a decline of 22.58% ($303 million) However, the revenue further decreased to $851 million in Q4 2021, marking a further decrease of 18.09% ($188 million). The revenue recovered to $1266 million in Q1 2022, marking an incline of 48.77% (415 million). The majority of Campbell soup’s revenue is generated through this segment accounting for 56.62% of the company’s revenue in Q1 2022, amounting to $1266 million.
About the Company
Founded in 1869, Campbell Soup Company, known as Campbell’s, is an American processed food and snack company headquartered in Camden, New Jersey. It was founded by Joseph A. Campbell and Mark Clouse is the company’s CEO. Campbell’s manufactures soups and other cooked meals, baked goods, beverages, and snack foods. The company is most closely associated with its flagship canned soup products; However, because of acquisitions and mergers, the company has become one of the largest processed food companies in the U.S. having a huge variety of products under its flagship Campbell’s brand as well as other brands like Pepperidge Farm, Snyder’s of Hanover V8, and Swanson. It has main two divisions Snacks, Meals and Beverages.
The company’s mission is to unlock its full growth potential, driven by its strategic plan which is building a winning team and culture, accelerating profitable growth, fueling investments and margins with targeted cost savings, and delivering on the promise of purpose, drive growth, and continue the legacy of impact for all the stakeholders. It is traded at the New York Stock Exchange (NYSE) under the ticker symbol CPB.
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