"Today we're so much more than soup," Clouse said. This statement highlights Campbell's transition beyond its legacy soup products and its broader portfolio in snacks and sauces.
To meet financial guidance, the company will require soup sales to remain stable. However, executives believe that as the U.S. population ages, soup sales may increase.
Campbell's is particularly focused on Goldfish snacks for growth, anticipating that they will become its largest brand by the 2027 fiscal year.
Clouse acknowledged the challenges posed by inflation, stating that consumer goods companies like Campbell are seeing weak demand as price-sensitive consumers opt for cheaper alternatives.
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