This excerpt taken from the GIS 8-K filed Jun 28, 2007.
Diluted Earnings per Share Increased 10 percent to $3.18
Company Sees Continued Good Sales and Earnings Growth in 2008
MINNEAPOLIS, MINN.---General Mills (NYSE: GIS) today reported results for the fourth quarter and full 2007 fiscal year.
For the fiscal year ended May 27, 2007, General Mills net sales grew 6 percent to $12.4 billion, outpacing 4 percent growth in unit volume. Segment operating profits increased 7 percent to $2.3 billion. Diluted earnings per share (EPS) totaled $3.18, up 10 percent from $2.90 in 2006.
Chairman and Chief Executive Officer Steve Sanger said, For the second year in a row, all three of our business segments achieved solid gains in net sales and
operating profit. We increased our level of consumer marketing investment, which will help sustain our brands growth momentum going forward. And we returned $1.8 billion in cash to shareholders through increased dividends and share repurchases. Total return to General Mills shareholders in fiscal 2007 through stock price appreciation and dividends exceeded 19 percent.