金宝公司 2025年度报告

FORM 11-K [X]Annual Report Pursuant to Section15(d) of theSecurities Exchange Act of 1934For the Fiscal Year Ended December31, 2025 OR [ ]Transition Report Pursuant to Section15(d) ofthe Securities Exchange Act of 1934For the transition period fromto Commission File Number 1-3822 A. Full title of the plan and the address of the plan, if different from that of the issuernamed below: The Campbell's Company 401(k) Retirement Plan B. Name of issuer of the securities held pursuant to the planand the address of its principal executive office: The Campbell's Company1 Campbell Place, Camden, New Jersey 08103-1799 TABLE OF CONTENTS Report of Independent Registered Public Accounting Firm3 Financial StatementsStatements of Net Assets Available for Benefits4Statements of Changes in Net Assets Available for Benefits5Notes to Financial Statements6 Supplemental ScheduleSchedule H, Line 4(i) —Schedule of Assets (Held at End of Year)15 Index of Exhibits Signatures17 REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Plan Administrator and Plan ParticipantsThe Campbell's Company 401(k) Retirement Plan Opinion on the financial statements We have audited the accompanying statements of net assets available for benefits of The Campbell's Company 401(k)Retirement Plan (the "Plan"), as of December 31, 2025 and 2024, the related statements of changes in net assets availablefor benefits for the years ended December 31, 2025 and 2024, and the related notes(collectively referred to as the“financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assetsavailable for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefitsfor the years ended December 31, 2025 and 2024, in conformity with accounting principles generally accepted in theUnited States of America. Basisforopinion These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion onthe Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public CompanyAccounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan inaccordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and ExchangeCommission and the PCAOB. We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan andperform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement,whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internalcontrol over financial reporting. As part of our audits we are required to obtain an understanding of internal control overfinancial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control overfinancial reporting. Accordingly, we express no such opinion. Our audits included performing procedures to assess the risks of material misstatement of the financial statements,whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining,on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also includedevaluating the accounting principles used and significant estimates made by management, as well as evaluating the overallpresentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion. Supplemental information The schedule of assets (held at end of year) as of December 31, 2025(“supplemental information”) has been subjected toaudit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental informationis the responsibility of the Plan’s management. Our audit procedures included determining whether the supplementalinformation reconciles to the financial statements or the underlying accounting and other records, as applicable, andperformingprocedures to test the completeness and accuracy of the information presented in the supplementalinformation. In forming our opinion on the supplemental information, we evaluated whether the supplemental information,including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations forReporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplementalinformation is fairly stated, in all material respects, in relation to the financial statements as a whole. /s/ GRANT THORNTON LLP We have served as the Plan’s auditor since 2024. Philadelphia, PennsylvaniaJune24, 2026 The Campbell's Company401(k) Retirement PlanStatements of Net Assets Available for Benefits The Campbell's Company 401(k) Retirement PlanNotes to Financial St