Campbell’s Soup, a beloved American brand known for its iconic red-and-white cans, is facing serious financial troubles that could threaten its future. A staple in U.S. households for nearly 200 years, the company is now struggling to keep up with changing consumer demands. Modern shoppers are increasingly turning away from processed, canned foods and instead opting for fresher, natural, and organic alternatives—leaving Campbell’s traditional offerings behind.

In response to these changing preferences, Campbell’s attempted to evolve by diversifying its product line. The company acquired a number of healthier and trendy food brands in hopes of staying relevant in a rapidly shifting market. However, this strategy came with a heavy cost. The acquisitions, while meant to drive growth, left the company with a staggering $9 billion in debt—putting it under immense financial strain.

Despite these efforts, Campbell’s has not been able to fully shake its association with processed foods. Consumers seeking transparency and fewer artificial ingredients are now more likely to choose brands that were built from the ground up with health and sustainability in mind. The company’s core products, such as canned soups and ready-to-eat meals, are now perceived by many as outdated and less nutritious.

Analysts say Campbell’s must undergo a deep transformation if it wants to survive. This would likely involve revamping its brand identity, rethinking its manufacturing processes, and investing heavily in innovation. Without bold moves, the company risks being left behind permanently in an industry where consumer loyalty is increasingly tied to values like wellness, environmental responsibility, and authenticity.

Although the situation appears grim, Campbell’s still holds value in its name recognition and long-standing presence in American culture. With the right strategy, it’s possible the brand could stage a comeback. But if it fails to act quickly and effectively, one of the most iconic food brands in U.S. history may soon become a thing of the past—another casualty of the evolving food landscape.