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GIS » Topics » Components of Bakeries and Foodservice Change in Net Sales

This excerpt taken from the GIS 10-K filed Jul 26, 2007.

Components of Bakeries and Foodservice
Change in Net Sales

  Fiscal 2007
vs. 2006		   Fiscal 2006
vs. 2005
Unit Volume Growth   +2 pts   Flat  
Price/Product Mix   +6 pts   +3 pts
Divested Product Lines   –2 pts   Flat  
Trade and Coupon Promotion Expense   –1 pt   Flat  
Change in Net Sales   +5%     +3%  

    For fiscal 2007, net sales for our Bakeries and Foodservice segment increased 5 percent to $1.8 billion. The growth in fiscal 2007 net sales was driven by: increased sales of higher margin, branded products and the introduction of new products to customers such as schools, hotels, restaurants, and convenience stores; improved innovation in foodservice products; and favorable net price realization.

    Net sales increased slightly from fiscal 2005 to fiscal 2006. Fiscal 2006 unit volume was flat as compared to fiscal 2005, with net price realization and product mix causing the increase in net sales.

    Net sales growth for our Bakeries and Foodservice segment by customer segment is shown in the following tables:

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