Campbell’s, too, has experienced a historic boom in shoppers turning to cooking more meals at home. This trend has peaked to heights we haven’t seen in nearly five years. CEO Mick Beekhuizen pointed to this shift. He compared today’s consumer behavior with what we saw at the onset of the global pandemic. The company’s long-standing presence in the meals and beverages category has set them up to reap the rewards of this change.
In its most recent quarterly report, Campbell’s made 73 cents per share, excluding one-time charges. This news beat investor forecasts of 65 cents per share as well. The company’s news for the quarter was revenue of $2.48 billion, beating expectations of $2.43 billion. So, even with Campbell’s stock falling over 18% in 2025, the company behind Pepperidge Farms, V8 and Swanson made some serious fiscal gains. On Monday, they gained 0.8% ahead of the bell.
Mick Beekhuizen noted that preparing food at home became trendy with all income levels. That’s a sign of a historic change in the way consumers are behaving. He stated, “Consumers are cooking at home at the highest levels since early 2020.” This change is evidence of a larger trend. Two-thirds of the U.S. GDP is based on consumer spending. This heavy reliance intensifies the importance of this trend for preserving the state’s economic growth.
The increase in home cooking mirrors the early pandemic period when many consumers turned to their kitchens for meals due to restrictions and uncertainties surrounding dining out. Campbell’s parent company owns popular brands such as Goldfish and Rao’s, enhancing its portfolio within the meals and beverages segment.
As consumers continue to pivot in response to the uncertain economic environment, Campbell’s is uniquely set up to respond and meet those preferences. Beekhuizen’s perspective sheds light on the fact that home-cooked meals are becoming increasingly popular. This point of emphasis will only further propel the innovative company’s growth to new heights in the months ahead.