Campbell Soup has a soup problem

Shares of Campbell Soup Co. slid more than 6% Thursday after earnings fell short of estimates, with the company posting an 11th straight revenue decline as it struggles with changing consumer behavior.

The stock CPB, -8.06% fell to its lowest level since September of 2015 to lead S&P 500 decliners, and pulled other food stocks lower in sympathy.

“The operating environment for the packaged foods industry remains challenging due to shifting demographics, changing consumer preferences for food, the adoption of new shopping behaviors and the dynamic retailer landscape,” Chief Executive Denise Morrison said in a statement. “In these times, sales growth remains a challenge.

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