General Mills (GIS)

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Company Information:

Company Address:

Number One General Mills Boulevard

Minneapolis, MN 55426-1348

Company’s Web Address: http://www.generalmills.com

Industry Sector:

Fiscal Year:

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Shares Outstanding: 346,400,000
Market Capitalization: Updating...

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Link to SEC filings search: http://www.sec.gov/cgi-bin/srch-edgar

Company Overview:

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Headquartered in Minneapolis, Minnesota, General Mills, Inc. (GIS) is a global consumer food company and the second largest domestic manufacturer of cereals, including the well-known cereal brands of Cheerios, Chex, Total, Kix, Wheaties, Golden Grahams, Trix, Cinnamon Toast Crunch, and Lucky Charms. The company operates in three segments: (1) U.S. Retail, (2) Bakeries and Foodservice, and (3) International. Principal product categories of the U.S. Retail segment (66% of revenue and 82% of operating profit in fiscal 2008) include: Big G ready-to-eat cereals, convenient-to-prepare dinner meals (Hamburger Helper, Old El Paso, Progresso), Pillsbury products (Betty Crocker, Bisquick, Gold Medal), snacks (Pop-Secret, Fruit Roll-Ups, Bugles, Nature Valley), yogurt products (Yoplait, GoGurt, Colombo), vegetables (Green Giant), and organic products (Cascadian Farm). In the U.S., products are primarily marketed by a dedicated sales force, supported by advertising and promotional activities. Wal-Mart is the company's single largest customer, representing approximately 19% of net sales. The Bakeries and Foodservice segment (15% of revenue and 7% of operating profit) sells baking mixes and frozen dough products to bakeries (retail, supermarket, and wholesale) under the Pillsbury and Gold Medal brand names. At 19% of revenue and 11% of operating profit, the International segment is the fastest growing segment distributing the company's entire range of cereal, meal, refrigerated dough, baking products, and snacks in over 100 countries.

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