GIS » Topics » International Segment Results

This excerpt taken from the GIS 10-Q filed Mar 20, 2008.

International Segment Results

Net sales for our International segment were up 20.2 percent in the third quarter of fiscal 2008 to $612.8 million. This growth was driven by a 4.4 point increase in sales volume, 10.3 points of favorable foreign exchange, and 5.5 points of net price realization and product mix. Net sales were up 20.4 percent in the nine-month period ended February 24, 2008, to $1,877.9 million. This growth was driven by a 7.0 point increase in sales volume, 8.8 points of favorable foreign exchange, and 4.6 points of net price realization and product mix. Net sales increased across all of our geographic regions.

This excerpt taken from the GIS 10-Q filed Dec 19, 2007.

International Segment Results

Net sales for our International segment were up 22.2 percent in the second quarter of fiscal 2008 to $665.7 million. This growth was driven by an 8.1 point increase in sales volume, 9.0 points of favorable foreign exchange, and 5.1 points of net price realization and product mix. Net sales were up 20.5 percent in the six-month period ended November 25, 2007 to $1,265.1 million. This growth was driven by an 8.4 point increase in sales volume, 8.1 points of favorable foreign exchange, and 4.0 points of net price realization and product mix. Sales volumes increased across all of our geographic regions, especially in Europe and Latin America.

This excerpt taken from the GIS 8-K filed Jun 28, 2007.
International Segment Results

International net sales grew 16 percent in 2007 to exceed $2.1 billion. Unit volume grew 8 percent and favorable currency exchange contributed 4 points of sales growth. Operating profits rose 11 percent to $216 million despite double-digit growth in consumer marketing expense.

For the fourth quarter, International net sales grew 19 percent to $564 million, driven by a 10 percent increase in unit volume. Operating profits grew even faster, rising 24 percent to $56 million.

 

This excerpt taken from the GIS 10-Q filed Jan 5, 2007.

International Segment Results

Net sales for our consolidated international businesses were up 15 percent in the second quarter of fiscal 2007 to $545 million. This increase was primarily the result of a 7 percent unit volume increase and a 7 point contribution from pricing and product mix. Favorable foreign currency effects contributed 3 points of sales growth, partially offset by a 2 point increase in trade promotion spending. Operating profits of $62 million for the quarter were 15 percent above last year. Operating profits also reflected increased marketing expense to support new product introductions.

For the first twenty-six weeks of fiscal 2007, net sales for our International segment were $1.05 billion, up 14 percent. Unit volume for the first twenty-six weeks was up 7 points over the prior year, and pricing/product mix contributed an additional 6 points to net sales growth. Favorable foreign currency effects contributed 4 points of sales growth, partially offset by a 3 point increase in trade promotion spending. Operating profits for twenty-six weeks grew to $118 million in fiscal 2007, up 4 percent from $113 million last year.


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This excerpt taken from the GIS 8-K filed Sep 21, 2006.

International Segment Results

Net sales for General Mills’ consolidated international businesses grew 13 percent to $505 million. Unit volume increased 7 percent, including strong contributions from new products, and foreign exchange contributed 4 points of net sales growth. Operating profits totaled $56 million. This was $3 million below year-ago levels, due to strong levels of new-product marketing support in this year’s quarter and comparison to a 74 percent profit increase in the period last year.


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This excerpt taken from the GIS 8-K filed Jun 29, 2006.
International Segment Results

International net sales grew 6 percent in 2006 to exceed $1.8 billion, with unit volume up 4 percent. Favorable currency exchange contributed 1 point of sales growth. Operating profits rose 18 percent to $201 million.

For the fourth quarter, International net sales grew 4 percent and unit volume was up 1 percent. Operating profits were down 13 percent from strong prior-year results that grew 46 percent.

 

This excerpt taken from the GIS 10-Q filed Apr 3, 2006.

International Segment Results

Net sales for our International segment grew 3 percent in the third quarter to $444 million. Unit volume grew 4 percent. Two percentage points of growth from pricing and mix were more than offset by the negative impact of foreign exchange in the quarter. Operating profits for the quarter grew to $37 million in fiscal 2006, up 16 percent from $32 million last year, driven by the increased volume as well as improved productivity.

For thirty-nine weeks, net sales for our International segment were $1.36 billion, up 7 percent. Unit volume for the first thirty-nine weeks was up 5 percent. Favorable foreign currency effects contributed 1 percentage point of sales growth. Operating profits for thirty-nine weeks grew to $154 million in fiscal 2006, up 32 percent from $117 million last year.


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This excerpt taken from the GIS 10-Q filed Jan 6, 2006.

International Segment Results

Net sales for our International segment were up 8 percent in the second quarter to $472 million. This increase was primarily the result of unit volume, which increased 5 percent with increases in all geographic regions. Favorable foreign currency effects contributed 2 points of sales growth. Operating profits for the quarter grew to $56 million in fiscal 2006, up 14 percent from $49 million last year, reflecting the effects of volume and favorable currency, as well as improved productivity.

For twenty-six weeks, net sales for our International segment were $918 million, up 9 percent. Unit volume for the first twenty-six weeks was up 6 points. Favorable foreign currency effects contributed 3 points of sales growth. Operating profits for twenty-six weeks grew to $117 million in fiscal 2006, up 38 percent from $85 million last year.

This excerpt taken from the GIS 8-K filed Dec 22, 2005.

International Segment Results

Net sales for General Mills’ consolidated International businesses grew 8 percent in the second quarter to reach $472 million. Unit volume rose 5 percent, and foreign exchange contributed 2 points of growth. Operating profits grew to $56 million, a 14 percent increase from year-ago results.

        Through the first six months, International segment net sales grew 9 percent to reach $918 million and operating profits rose 38 percent to exceed $117 million.

This excerpt taken from the GIS 10-Q filed Oct 3, 2005.

International Segment Results

Net sales for our consolidated international businesses were up 11 percent in the first quarter to $446 million. This increase was primarily the result of unit volumes increasing seven percent, with gains in all our regions. Favorable foreign currency effects contributed 3 points of sales growth. Operating profits for the quarter grew to $61 million in fiscal 2006, up from $36 million last year.

This excerpt taken from the GIS 8-K filed Jun 29, 2005.

International Segment Results

International net sales grew 11 percent in 2005 to reach $1.72 billion. Unit volume increased 5 percent, and favorable currency exchange contributed 6 points of the net sales increase. Operating profits grew to $171 million compared to $119 million in 2004, fueled by volume growth, favorable currency and productivity gains. All four geographic regions — Canada, Europe, Latin America and Asia/Pacific — posted unit volume gains for the year. On a comparable 52-week basis, International unit volume grew 6 percent in 2005.

        Fourth-quarter International net sales totaled $456 million and operating profits were $54 million. Fourth quarter unit volume was up 3 percent. On a comparable 13-week basis, unit volume was up 5 percent for the period.



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This excerpt taken from the GIS 10-Q filed Apr 7, 2005.

International Segment Results

Net sales for the Company’s consolidated international businesses were up 13 percent in the third quarter to $429 million. Unit volume increased 9 percent, with gains in all our regions. Favorable currency effects contributed 6 points of sales

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growth. Operating profits for the quarter grew to $32 million in fiscal 2005, up from $28 million last year.

For the first thirty-nine weeks of fiscal 2005, net sales for the Company’s consolidated international businesses grew 12 percent to $1.27 billion. Foreign exchange added 6 points of sales growth. Unit volume was up 6 percent, with the strongest gains in Asia/Pacific and Latin America. Operating profits year-to-date grew to $117 million in fiscal 2005, up 43 percent from $82 million last year.

This excerpt taken from the GIS 8-K filed Mar 22, 2005.

International Segment Results

Third-quarter net sales for General Mills’ consolidated international businesses grew 13 percent to $429 million. Unit volume increased 9 percent, led by double-digit growth of cereal and snacks in Canada, and by good performance in China and India. Foreign exchange added 6 points of sales growth. Operating profits grew to $32 million in the third quarter, up from $28 million last year.

        Through nine months, net sales for the company’s consolidated international businesses grew 12 percent to $1.27 billion, and operating profit increased 43 percent to $117 million.


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This excerpt taken from the GIS 10-Q filed Jan 6, 2005.

International Segment Results

Net sales for the Company’s consolidated international businesses were up 13 percent in the second quarter to $436 million. Second-quarter unit volume increased 5 percent, with gains in the Asia/Pacific region and Latin America. Favorable currency effects contributed 7 points of sales growth. Operating profits for the quarter grew to $49 million in fiscal 2005, up from $30 million last year.

For the first half, net sales for the Company’s consolidated international businesses grew 12 percent to $840 million. Foreign exchange added 5 points of sales growth. First-half unit volume was up 4 percent, with the strongest gains in Asia/Pacific and Latin America. Operating profits for the first-half grew to $85 million in fiscal 2005, up from $54 million last year.

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