金宝汤公司Campbell Soup Company (CPB) 2014年年度报告「NYSE」.pdf

1、CAMPBELL SOUP COMPANY 2014 ANNUAL REPORTReal food that matters for lifes moments is the North Star that will guide us in a changing world.Its a clear and singular purpose that will strengthen the connections our company and our brands have in peoples lives serve as a filter for our decisions drive h

2、igher performance and inspire us as we aspire to become a$10 billion company by strengthening our core business and expanding into faster-growing spaces.THE PATH TO OUR FUTURECampbellSoupCompany1GROWTH PLATFORMS TO DRIVE GREATER SUCCESSWeve taken action to strengthen our core business and to shift o

3、ur center of gravity to reshape Campbell for future growth.We continue to diversify our$8+billion portfolio beyond our center-store product lines in traditional mass and grocery channels.A step at a time,weve been building our presence in packaged fresh foods and other faster-growing spaces;in strat

4、egically important geographies outside of our developed markets;and in channels that will make our products available everywhere consumers shop now and in the future.2CampbellSoupCompanyFELLOW SHAREHOLDERS,Ayearago,ItoldyouthatIwasoptimisticaboutCampbellsfuture.Today,Iremainconfidentthatourstrategyt

5、oreshapeCampbellbystrengtheningourcorebusinessandexpandingintofaster-growingspacesistherightcourseforourcompany.ButIalsoknowthatitwilltakemoretimethanweoriginallyanticipatedtoachieveourlong-termgrowthtargets.Ourindustryisnowinaperiodofprofoundchangeandchallenge,andtherehasbeenameaningfulslowdowninth

6、eperformanceofthepackagedfoodsector.Includingthebenefitsofrecentacquisitionsanda53rdweekinthefiscalyear,Campbelldeliveredgrowthinbothsalesandadjustedearningsinfiscal2014,butourresultsfortheyearshowedtheimpactoftheforcesthataretransformingthefoodbusiness.Today,weareengagingwiththoseforceshead-on.Ibel