• Campbell Soup average operating margin for 2023 was 13.49%, a 10.96% decline from 2022.
• Campbell Soup average operating margin for 2022 was 15.15%, a 6.94% decline from 2021.
• Campbell Soup average operating margin for 2021 was 16.28%, a 26.59% decline from 2020.

Operating margin can be defined as operating margin measurement of what proportion of a company's revenue is left over after paying for variable costs of production such as wages, raw materials, etc.