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GIS » Topics » Components of International Change in Net Sales

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

Components of International Change in Net Sales

  Fiscal 2007
vs. 2006		   Fiscal 2006
vs. 2005
Unit Volume Growth   +8 pts   +4 pts
Price/Product Mix   +6 pts   +2 pts
Foreign Currency Exchange   +4 pts   +1 pt
Trade and Coupon Promotion Expense   -2 pts   –1 pt
Change in Net Sales   +16%     +6%  

    For fiscal 2007, net sales for our International segment were $2.1 billion, up 16 percent from fiscal 2006. This growth was largely driven by a 15 percent increase in net sales of Häagen-Dazs ice cream and the continued strong performance of Green Giant and Old El Paso products across Europe. Acquisitions made in fiscal 2007 contributed less than 1 point of net sales growth. Four points of net sales growth came from favorable foreign exchange.

    Net sales totaled $1.8 billion in fiscal 2006 and $1.7 billion in fiscal 2005. For fiscal 2006 versus fiscal 2005, unit volume grew 4 percent, driven by a 6 percent increase in the Asia/Pacific region.

    Net sales growth for our International segment by geographic region is shown in the following tables:

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