Campbell's manufactures and markets branded food products across two divisions: Meals & Beverages and Snacks. The Meals & Beverages division produces condensed and ready-to-serve soups, broths, pasta sauces, and beverages under brands such as Campbell's, Chunky, Pacific, Swanson, Rao's, Prego, Pace, and V8. The Snacks division sells crackers, cookies, fresh bakery products, and salty snacks under brands including Goldfish, Pepperidge Farm, Snyder's of Hanover, Cape Cod, Kettle Brand, Snack Factory, and Late July. Campbell's distributes products through grocery retailers, mass merchandisers, club stores, dollar stores, e-commerce platforms, and foodservice channels, with Walmart serving as its largest customer. In its Snacks business, Campbell's uses a direct-store-delivery model through independent distributors to maintain control over retail shelf placement and execution. Campbell's generates revenue by selling packaged foods at a premium to private label, with profitability driven by volume leverage, net price realization, input commodity costs, and product mix. Strategically, Campbell's focuses on expanding premium brands like Rao's into new product categories, supporting convenient at-home cooking occasions, and improving supply chain productivity.