General Mills (GIS)

Our primary customers are grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, commercial and noncommercial foodservice distributors and operators, restaurants, and convenience stores. We generally sell to these customers through our direct sales force. We use broker and distribution arrangements for certain products or to serve certain types of customers.

 

During fiscal 2008, Wal-Mart Stores, Inc. and its affiliates (Wal-Mart), accounted for 19 percent of our consolidated net sales and 27 percent of our net sales in the U.S. Retail segment. No other customer accounted for 10 percent or more of our consolidated net sales. Wal-Mart also represented 5 percent of our net sales in the International segment and 5 percent of our net sales in the Bakeries and Foodservice segment. As of May 25, 2008, Wal-Mart accounted for 23 percent of our U.S. Retail receivables, 4 percent of our International receivables, and 2 percent of our Bakeries and Foodservice receivables. The 5 largest customers in our U.S. Retail segment accounted for 57 percent of its fiscal 2008 net sales, the 5 largest customers in our International segment accounted for 26 percent of its fiscal 2008 net sales, and the 5 largest customers in our Bakeries and Foodservice segment accounted for 39 percent of its fiscal 2008 net sales. For further information on our customer credit and product return practices please refer to Note 2 to the Consolidated Financial Statements in Item 8 of this report.

 

Our primary customers are grocery stores, mass merchandisers,
membership stores, natural food chains, drug, dollar and
discount chains, commercial and noncommercial foodservice
distributors and operators, restaurants, and convenience stores.
We generally sell to these customers through our direct sales
force. We use broker and distribution arrangements for certain
products or to serve certain types of customers.

 

During fiscal 2008, Wal-Mart Stores, Inc. and its affiliates
(Wal-Mart), accounted for 19 percent of our consolidated
net sales and 27 percent of our net sales in the
U.S. Retail segment. No other customer accounted for
10 percent or more of our consolidated net sales. Wal-Mart
also represented 5 percent of our net sales in the
International segment and 5 percent of our net sales in the
Bakeries and Foodservice segment. As of May 25, 2008,
Wal-Mart accounted for 23 percent of our U.S. Retail
receivables, 4 percent of our International receivables,
and 2 percent of our Bakeries and Foodservice receivables.
The 5 largest customers in our U.S. Retail segment
accounted for 57 percent of its fiscal 2008 net sales,
the 5 largest customers in our International segment accounted
for 26 percent of its fiscal 2008 net sales, and the 5
largest customers in our Bakeries and Foodservice segment
accounted for 39 percent of its fiscal 2008 net sales.
For further information on our customer credit and product
return practices please refer to Note 2 to the Consolidated
Financial Statements in Item 8 of this report.