General Mills, Inc. (General Mills) is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is also a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills manufactures its products in 15 countries and market them in more than 100 countries. Its joint ventures manufacture and market products in more than 130 countries and republics worldwide. The Company’s businesses are organized into three operating segments: U.S. Retail; International, and Bakeries and Foodservice. During the fiscal year ended May 31, 2009 (fiscal 2009), Wal-Mart Stores, Inc. and its affiliates (Wal-Mart) accounted for 21 % of the Company’s consolidated net sales and 29 % of its net sales in the U.S. Retail segment. In September 2008, Diamond Foods, Inc. announced that it completed the acquisition of the Pop Secret popcorn business from General Mills.
Quick Financial Synopsis
BRIEF: For the thirteen weeks ended 30 August 2009, General Mills,Inc.'s revenues increased 1% to $3.52B. Net income increased 51% to $420.6M. Revenues reflect an increase in sales due to volume growth in U.S Retail & International segments. Net income also reflects the presence of restructuring, impairment & other exit income vs. a loss, a decrease in cost of sales and an increase in operating profit.
Company Address
General Mills, Inc.
Number One General Mills Blvd. Minneapolis MN 55426
P: +1763.7647600 F: +1763.7647384