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These excerpts taken from the GIS 10-K filed Jul 11, 2008. Bakeries and
Foodservice Change in Net Sales by Customer
Segment
In fiscal 2008, segment operating profits were
$165.4 million, up 11.9 percent from
$147.8 million in fiscal 2007. The increase for the year
was driven by grain merchandising activities and benefits from
prior restructuring activities. Net price realization offset
higher supply chain input costs and a decrease in volume.
Segment operating profits were $147.8 million in fiscal
2007, up 27.1 percent from $116.3 million in fiscal
2006. The business was able to offset high levels of input cost
inflation with a combination of pricing actions, sourcing
productivity, and manufacturing improvements.
Bakeries and Foodservice Change in Net Sales by Customer Segment
In fiscal 2008, segment operating profits were $165.4 million, up 11.9 percent from $147.8 million in fiscal 2007. The increase for the year was driven by grain merchandising activities and benefits from prior restructuring activities. Net price realization offset higher supply chain input costs and a decrease in volume. Segment operating profits were $147.8 million in fiscal 2007, up 27.1 percent from $116.3 million in fiscal 2006. The business was able to offset high levels of input cost inflation with a combination of pricing actions, sourcing productivity, and manufacturing improvements. | EXCERPTS ON THIS PAGE:
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