Campbell’s Co (CPB)
Gross profit margin
| Jul 31, 2025 | Jul 31, 2024 | Jul 28, 2024 | Jul 31, 2023 | Jul 30, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,119,000 | 2,971,000 | 1,078,000 | 2,917,000 | 1,406,000 |
| Revenue | US$ in thousands | 10,253,000 | 9,636,000 | 9,636,000 | 9,357,000 | 9,357,000 |
| Gross profit margin | 30.42% | 30.83% | 11.19% | 31.17% | 15.03% |
July 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,119,000K ÷ $10,253,000K
= 30.42%
The gross profit margin of Campbell’s Co exhibits notable fluctuations across the provided periods. On July 30, 2023, the gross profit margin stood at 15.03%, indicating a relatively modest profit generated from sales relative to cost of goods sold during that period. A significant increase is observed by July 31, 2023, where the margin nearly doubles to 31.17%, suggesting an improvement in either sales prices or a reduction in cost of goods sold, thereby enhancing profitability.
However, the subsequent fiscal year reflects a decline, with the gross profit margin dropping to 11.19% as of July 28, 2024. This decrease may indicate rising costs of goods sold, a reduction in selling prices, or both, which negatively impacted gross profitability. The figures for July 31, 2024, show a recovery to 30.83%, almost returning to the earlier high of 2023, which could be attributed to operational efficiencies, favorable sales mix, or price adjustments.
By July 31, 2025, the gross profit margin is marginally lower at 30.42%, reflecting a slight decline from the previous year's figure. This could suggest a stabilization or slight erosion of gross profitability, potentially due to increased costs or competitive pressures impacting pricing strategies.
Overall, Campbell’s Co's gross profit margins demonstrate considerable volatility over the periods, with sharp increases and decreases that may be linked to operational, pricing, or cost structure changes. The margins generally hover around the 30% mark in the recent periods, indicating a relatively consistent level of gross profitability despite annual fluctuations.