1、Connectingpeople throughfood they love.2021 Annual ReportCONSUMPTION2+10%NET SALES$8.5BILLION-2%+1%OPERATINGCASH FLOW$1BILLIONADJUSTED EPS1PER SHAREFISCAL 2021RESULTSCPS1-ET SALES VS.FISCAL 20191.From Continuing Operations.These non-GAAP measures are adjusted for certain items not considered to be p
2、art of the ongoing business.A reconciliation of non-GAAP financial measures can be found at the end of this letter.2.Total IRI US MULO$consumption latest 52 weeks ending 8/1/2021Forward-Looking Statements:Statements in this letter that are not historical facts are forward-looking statements.Actual r
3、esults may differ materially from those projected in the forward-looking statements.See“Cautionary Factors That May Affect Future Results”in Item 7 and“Risk Factors”in Item 1A of our Form 10-K.$2.98+1%Keith R.McLoughlinChair of the BoardWe have learned so much throughout this tumultuous period about
4、 the resilience and determination of our team.Today,Campbell is stronger and better equipped to deliver sustainable results.As we move into the next phase of our strategic plan,our mission is to unlock Campbells full growth potential while remaining nimble and cognizant of the challenges still posed
5、 by COVID-19.As I reflect on the challenges posed by the unprecedented health crisis that transpired around us in fiscal 2021,I am reminded of the remarkable passion and commitment demonstrated by our teams for the food we make,for the communities we serve and for each other.At the heart of Campbell
6、 is an unyielding emphasis on our purpose:Connecting people through food they love.As our world was transformed by the events of the past 18 months,nurturing those connections became more important than ever.Once again,our priority in fiscal 2021 remained the health and safety of our employees.In ad