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General Mills is a company manufacturing and marketing branded consumer foods. It operates in five segments: North America Retail, Convenience Stores & Foodservice, Europe & Australia, Asia & Latin America, and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, snack bars, fruit snacks, nutrition bars, and savory snacks, as well as organic products, including refrigerated yogurt, frozen and shelf-stable vegetables, meal kits, salty snacks, ready-to-eat cereal, and grain snacks. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, BLUE Basics, BLUE Freedom, BLUE Wilderness, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Haagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberta, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Yoki, and Yoplait trademarks.
TypePublic
Founded1928
HQMinneapolis, MN, US
Websitegeneralmills.com
Employee Ratings4.1
Overall CultureD

Locations

General Mills is headquartered in
Minneapolis, United States

Location Map

Latest Updates

Employees (est.) (May 2020)35,000(-12%)
Job Openings527
Revenue (FY, 2020)$17.6 B(+5%)
Share Price (Sept 2021)$58.7
Cybersecurity ratingBMore

Key People/Management at General Mills

Jeffrey L. Harmening

Jeffrey L. Harmening

Chairman of the Board and CEO
Richard C. Allendorf

Richard C. Allendorf

General Counsel and Secretary, SVP
Jodi Benson

Jodi Benson

Chief Innovation, Technology and Quality Officer, SVP
Kofi Bruce

Kofi Bruce

Chief Financial Officer
Jaime Montemayor

Jaime Montemayor

Chief Digital and Technology Officer
Jonathon J. Nudi

Jonathon J. Nudi

Group President, North America Retail
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General Mills Office Locations

General Mills has offices in Minneapolis, Burzaco, Victoria, Melbourne and in 27 other locations
Minneapolis, MN, US (HQ)
1 General Mills Blvd
Burzaco, AR
Juan XXIII 2472
Victoria, AR
Uruguay 3675
Melbourne, AU
4 Ricketts Rd
Sydney, AU
16 Kellogg Rd
Recife, BR
Av. Getúlio Vargas, 635 - Curado
Show all (31)

General Mills Financials and Metrics

General Mills Revenue

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General Mills's revenue was reported to be $17.63 b in FY, 2020 which is a 4.5% increase from the previous period.
USD

Net income (Q3, 2021)

603.8m

EBIT (Q3, 2021)

826.6m

Market capitalization (15-Sept-2021)

35.8b

Closing stock price (15-Sept-2021)

58.7

Cash (28-Feb-2021)

2.8b

EV

46.9b
General Mills's current market capitalization is $35.8 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

15.7b16.9b17.6b

Revenue growth, %

1%7%5%

Cost of goods sold

10.3b11.1b11.5b

Gross profit

5.4b5.8b6.1b
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

3.9b4.1b4.4b4.2b4.0b4.4b4.2b4.4b4.7b

Cost of goods sold

2.6b2.8b2.9b2.8b2.6b2.9b2.8b2.8b3.0b3.0b

Gross profit

1.3b1.3b1.5b1.4b1.4b1.6b1.4b1.6b1.7b

Gross profit Margin, %

32%33%34%34%35%35%34%36%36%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

399.0m450.0m1.7b

Accounts Receivable

1.7b1.7b1.6b

Prepaid Expenses

398.3m497.5m402.1m

Inventories

1.6b1.6b1.4b
Quarterly
USDQ3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

953.1m432.9m532.7m547.1m504.8m560.2m606.9m1.8b2.6b2.8b

Accounts Receivable

1.5b1.7b1.7b1.7b1.7b1.8b1.7b1.6b1.8b1.8b

Prepaid Expenses

375.0m358.0m345.1m374.1m346.0m426.5m428.4m320.0m328.6m323.2m

Inventories

1.5b1.7b1.6b1.5b1.7b1.7b1.5b1.6b1.7b1.8b
Annual
USDFY, 2018FY, 2019FY, 2020

Net Income

2.2b1.8b2.2b

Depreciation and Amortization

618.8m620.1m594.7m

Inventories

15.6m53.7m103.1m

Accounts Payable

575.3m162.4m392.5m
Quarterly
USDQ3, 2018

Debt/Equity

1.8 x

Debt/Assets

0.4 x

Financial Leverage

4.2 x
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General Mills Operating Metrics

FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Countries (Customers)

100100100100100100

Facilities

665952525147

Ice Cream Parlors

815874789879 m890858

Warehouse Space, sq. ft

12 m12 m12 m13 m13 m15 m
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General Mills Acquisitions / Subsidiaries

Company NameDateDeal Size
Blue Buffalo Pet ProductsFebruary 23, 2018$8 b
Annie’s
Blue Buffalo
Blue Buffalo Company, Ltd.
Carolina Laticínios
Cereal Associados Portugal, A.E.I.E.
Cereales C.P.W. Chile Limitada (Srl)
Cereal Partners Australia Pty Limited
Cereal Partners Espana, A.E.I.E.
Cereal Partners France, Snc
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General Mills Revenue Breakdown

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General Mills revenue breakdown by business segment: 10.4% from Europe & Australia , 61.0% from North America Retail, 9.6% from Pet, 8.7% from Asia & Latin America and 10.3% from Convenience Stores & Foodservice

General Mills revenue breakdown by geographic segment: 24.2% from Non-United States and 75.8% from United States

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General Mills Cybersecurity Score

Cybersecurity ratingPremium dataset

B

83/100

SecurityScorecard logo

General Mills Online and Social Media Presence

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General Mills Company Culture

  • Overall Culture

    D

    56/100

  • CEO Rating

    C-

    63/100

  • Compensation

    D+

    55/100

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General Mills Frequently Asked Questions

  • When was General Mills founded?

    General Mills was founded in 1928.

  • Who are General Mills key executives?

    General Mills's key executives are Jeffrey L. Harmening, Richard C. Allendorf and Jodi Benson.

  • How many employees does General Mills have?

    General Mills has 35,000 employees.

  • What is General Mills revenue?

    Latest General Mills annual revenue is $17.6 b.

  • What is General Mills revenue per employee?

    Latest General Mills revenue per employee is $503.6 k.

  • Who are General Mills competitors?

    Competitors of General Mills include Hormel Foods, Post Holdings and Strauss Group.

  • Where is General Mills headquarters?

    General Mills headquarters is located at 1 General Mills Blvd, Minneapolis.

  • Where are General Mills offices?

    General Mills has offices in Minneapolis, Burzaco, Victoria, Melbourne and in 27 other locations.

  • How many offices does General Mills have?

    General Mills has 31 offices.