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GIS » Topics » Change in net sales excluding the effect of the 53 rd week:

This excerpt taken from the GIS 8-K filed Jan 16, 2007.

Change in net sales excluding the effect of the 53rd week:

Our fiscal year ends on the last Sunday of May. While our typical fiscal year includes 52 weeks, every 5 or 6 years our fiscal year includes a 53rd week, as it did in the fiscal year ended May 30, 2004. That 53rd week impacts the comparability of annual results. To view our results on a comparable basis, we have provided net sales growth information on a comparable 52-week basis. The effect of the 53rd week was determined using one-fifth of the values of the five-week month of May 2004.

    Net Sales    
In Millions, Fiscal Year     2005     2004  
As reported (including the effect of the 53rd week):                
U.S. Retail       $ 7,891     $ 7,843  
International         1,725       1,550  
Bakeries and Foodservice         1,692       1,729  
Total       $ 11,308     $ 11,122  
Effect of 53rd week in fiscal 2004:                
U.S. Retail             $ 141  
International               7  
Bakeries and Foodservice               33  
Total             $ 181  
Net sales excluding the effect of the 53rd week:                
U.S. Retail       $ 7,891     $ 7,702  
International         1,725       1,543  
Bakeries and Foodservice         1,692       1,696  
Total       $ 11,308     $ 10,941  
Growth rate, including the effect of the 53rd week:                
U.S. Retail         1 %      
International         11 %      
Bakeries and Foodservice         -2 %      
Total         2 %      
Growth rate, excluding the effect of the 53rd week:                
U.S. Retail         2 %      
International         12 %      
Bakeries and Foodservice         0 %      
Total         3 %      
This excerpt taken from the GIS 10-K filed Jul 27, 2006.

Change in net sales excluding the effect of the 53rd week:

Our fiscal year ends on the last Sunday of May. While our typical fiscal year includes 52 weeks, every 5 or 6 years our fiscal year includes a 53rd week, as it did in the fiscal year ended May 30, 2004. That 53rd week impacts the comparability of annual results. To view our results on a comparable basis, we have provided net sales growth information on a comparable 52-week basis. The effect of the 53rd week was determined using one-fifth of the values of the five-week month of May 2004.

    Net Sales    
In Millions, Fiscal Year     2005     2004  
As reported (including the effect of the 53rd week):                
U.S. Retail       $ 7,779     $ 7,763  
International         1,725       1,550  
Bakeries and Foodservice         1,740       1,757  
Total       $ 11,244     $ 11,070  
Effect of 53rd week in fiscal 2004:                
U.S. Retail             $ 140  
International               7  
Bakeries and Foodservice               33  
Total             $ 180  
Net sales excluding the effect of the 53rd week:                
U.S. Retail       $ 7,779     $ 7,623  
International         1,725       1,543  
Bakeries and Foodservice         1,740       1,724  
Total       $ 11,244     $ 10,890  
Growth rate, including the effect of the 53rd week:                
U.S. Retail         0 %      
International         11 %      
Bakeries and Foodservice         -1 %      
Total         2 %      
Growth rate, excluding the effect of the 53rd week:                
U.S. Retail         2 %      
International         12 %      
Bakeries and Foodservice         1 %      
Total         3 %      

EXCERPTS ON THIS PAGE:

8-K
Jan 16, 2007
10-K
Jul 27, 2006

RELATED TOPICS for GIS:

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