
Prospectus Supplement(To Prospectus dated August17, 2023) The Campbell’s Company (“Campbell’s” or “we”) is offering $550,000,000 aggregate principal amount of 4.550% Notes due 2031 (the “notes”).Interest will accrue on the notes from December 15, 2025, and will be payable semi-annually on each March 21 and September 21, commencing March21, 2026. We may redeem the notes in whole or in part at any time at the redemption prices described under “Description of the Notes—OptionalRedemption.” If a Change of Control Triggering Event occurs as described in this prospectus supplement, unless we have exercised our right ofredemption, we will be required to offer to purchase the notes at a purchase price equal to 101% of the principal amount thereof plus accrued and unpaidinterest, if any, to the purchase date. See “Description of the Notes—Offer to Purchase Upon a Change of Control Triggering Event.” The notes will be our unsecured senior obligations and will rank equally with all of our other existing and future unsecured senior indebtedness.The notes will not be listed on any securities exchange. Currently, there are no public markets for the notes. Investing in the notes involves risk. See “Risk Factors” beginning on page S-4. (1)Plus accrued interest, if any, from December 15, 2025 if settlement occurs after that date. Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved ofthe notes or determinedthat this prospectus supplement or the accompanying prospectus is accurate or complete. Any representation to the contrary is a criminaloffense. The underwriters expect to deliver the notes to investors through the book-entry delivery systems of The Depository Trust Company, Euroclear BankS.A./N.V., as operator of the Euroclear System or Clearstream Banking,société anonyme, as the case may be, on or about December 15, 2025 againstpayment thereafter in immediately available funds. Table of Contents No person is authorized to give any information or to make any representations other than those contained or incorporated by reference in thisprospectus supplement, the accompanying prospectus or any free writing prospectus filed by us with the Securities and Exchange Commission (the“SEC”). We and the underwriters take no responsibility for, and can provide no assurance as to the reliability of, any other information that others maygive you. This prospectus supplement, the accompanying prospectus and any such free writing prospectus do not constitute an offer to sell or thesolicitation of an offer to buy any securities other than the securities described in this prospectus supplement or an offer to sell or the solicitation of anoffer to buy such securities in any circumstances in which such offer or solicitation is unlawful. Neither the delivery of this prospectus supplement, theaccompanying prospectus or any such free writing prospectus, nor any sale made hereunder and thereunder shall under any circumstances, create anyimplication that there has been no change in the affairs of The Campbell’s Company since the date of this prospectus supplement, the accompanyingprospectus or any such free writing prospectus, or that the information contained or incorporated by reference herein or therein is correct as of any timesubsequent to the date of such information. TABLE OF CONTENTS Prospectus Supplement ABOUT THIS PROSPECTUS SUPPLEMENTDISCLOSURE REGARDING FORWARD-LOOKING STATEMENTSWHERE YOU CAN FIND MORE INFORMATIONSUMMARYRISK FACTORSUSE OF PROCEEDSDESCRIPTION OF THE NOTESBOOK-ENTRY ISSUANCEMATERIAL UNITED STATES FEDERAL INCOME TAX CONSIDERATIONSCERTAIN ERISA CONSIDERATIONSUNDERWRITINGLEGAL MATTERSEXPERTS Prospectus ABOUT THIS PROSPECTUSWHERE YOU CAN FIND MORE INFORMATION ABOUT USDOCUMENTS INCORPORTED BY REFERENCE DISCLOSURE REGARDING FORWARD-LOOKING STATEMENTSABOUT CAMBELL SOUP COMPANYRISK FACTORSUSE OF PROCEEDSDESCRIPTION OF DEBT SECURITIESPLAN OF DISTRIBUTION LEGAL OPINIONS EXPERTS Table of Contents ABOUT THIS PROSPECTUS SUPPLEMENT This prospectus supplement contains the terms of this offering of notes. This prospectus supplement, or the information incorporated by referencein this prospectus supplement, may add, update or change information in the accompanying prospectus. If information in this prospectus supplement, orthe information incorporated by reference in this prospectus supplement, is inconsistent with the accompanying prospectus, this prospectus supplement,or the information incorporated by reference in this prospectus supplement, will apply and will supersede that information in the accompanyingprospectus. You should not assume that the information contained in this prospectus supplement, the accompanying prospectus or the documents incorporatedherein by reference is accurate as of any date other than their respective dates. Our business, financial condition, results of operations and prospects mayhave changed since those dates. It is importan