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Home > Fortune 500 Companies > Genl Mills
Genl Mills
Genl Mills is a publicly traded company having a good stock performance result Genl Mills is a fortune 500 stock listed company trading under GIS. From international mega brands such as Green Giant and Old El Paso, to strong local brands, such as Diablitos in Venezuela and Latina in Australia. Their brands are consumer favorites around the world. Their major businesses include Big G cereals, a leader in the 7.7 billion dollars U.S. ready-to-eat cereal category with consumer favorites like Cheerios, Wheaties and Lucky Charms.
Their Meals division delivers convenient dinner options for today's consumers with a line of Helperdinner kits, Betty Crocker potato mixes, Progresso soups, Green Giant vegetables and meal starters and Old El PasoMexican foods.
Their net sales grew 2 percent to exceed 11.2 billion dollars worldwide. Net earnings rose 18 percent to exceed 1.2 billion dollars. This included a gain of 284 million dollars after tax from two businesses divested during 2005. These were their 40.5 percent interest in Snack Ventures Europe and the Lloyd’s barbecue business. That gain was partially offset by expenses of 87 million dollars after tax associated with debt repurchases.
They generated strong cash flows in 2005 that enabled them to pay down 2 billion dollars of their debt pay out increased shareholder dividends and invest 434 million dollars in capital to support future growth. For the fiscal year, total return to General Mills shareholders through stock price performance and dividends, outpaced the broader market’s return. Net sales for their largest business segment U.S. Retail, totaled 7.8 billion dollars which essentially matched.
Big G cereals was the exception volume for this business was down 3 percent on a comparable 52 week basis due to reduced levels of price discounting and merchandising in the second half of the year. Total U.S. Retail volume was up 3 percent on a comparable weeks basis led by Yoplait yogurt and Snacks. Operating profits declined 5 percent, as this volume growth and productivity savings did not offset the effects of unfavorable sales.
Their International segment had a great year. Net sales increased 11 percent to exceed 1.7 billion dollars and operating profits rose more than 40 percent to 171 million dollars. Unit volume was up 6 percent on a comparable weeks basis with gains in each of their four geographic regions Canada, Europe, Latin America and Asia-Pacific.
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