General Mills

General Mills is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the foodservice and commercial baking industries. General Mills has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Company Growth (employees)
Type
Public
Parent Company
Grupo Bimbo
HQ
Minneapolis, US
Size (employees)
38,000 (est)-2%
General Mills is headquartered in Minneapolis, US

Key People at General Mills

Kendall Powell

Kendall Powell

Chairman & CEO
Richard Allendorf

Richard Allendorf

SVP, General Counsel and Secretary
Gary Chu

Gary Chu

SVP, President, Greater China
John Church

John Church

EVP, Supply Chain
David Clark

David Clark

Vice President; President, U.S. Retail Yogurt
Mary Jo  Ekman

Mary Jo Ekman

SVP, U.S. Retail Finance
Peter Erickson

Peter Erickson

EVP, Innovation, Technology and Quality
John Foraker

John Foraker

VP, President, Annie’s Foods
Olivier Faujour

Olivier Faujour

VP, President, Yoplait International
Christopher O'Leary

Christopher O'Leary

EVP, Chief Operating Officer, International
Shawn O'Grady

Shawn O'Grady

SVP, President, Sales and Channel Development

General Mills Office Locations

General Mills has offices in Minneapolis, San Fernando, Burzaco, Melbourne and in 8 other locations
Minneapolis, US (HQ)
One General Mills Boulevard
São Paulo, BR
Minas Gerais, Paraná, Pernambuco, Rio Grande de Sul
Show all (12)

General Mills Data and Metrics

General Mills Financial Metrics

General Mills's revenue was reported to be $15.6 b in FY, 2017
USD

Revenue (FY, 2017)

15.6 b

Revenue growth (FY, 2016 - FY, 2017), %

(6%)

Gross profit (FY, 2017)

5.6 b

Gross profit margin (FY, 2017), %

36%

Net income (FY, 2017)

1.7 b

EBIT (FY, 2017)

2.6 b

Market capitalization (17-Aug-2017)

33.8 b

Cash (28-May-2017)

766.1 m

EV

41.3 b
General Mills's current market capitalization is $33.8 b.
USDFY, 2014FY, 2015FY, 2016FY, 2017

Revenue

17.9 b17.6 b16.6 b15.6 b

Revenue growth, %

(2%)(6%)(6%)

Cost of goods sold

11.5 b11.7 b10.7 b10.1 b

Gross profit

6.4 b5.9 b5.8 b5.6 b

Gross profit Margin, %

36%34%35%36%

General and administrative expense

2.8 b

Operating expense total

2.8 b

EBIT

3 b2.1 b2.7 b2.6 b

EBIT margin, %

17%12%16%16%

Interest expense

302.4 m315.4 m303.8 m295.1 m

Pre tax profit

2.7 b1.8 b2.4 b

Income tax expense

883.3 m586.8 m755.2 m655.2 m

Net Income

1.9 b1.3 b1.7 b1.7 b
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Revenue

4.3 b4.7 b4.4 b4.2 b4.4 b4 b3.9 b4.1 b3.8 b

Cost of goods sold

2.8 b3.1 b3 b2.7 b2.9 b2.6 b2.5 b2.6 b2.5 b

Gross profit

1.4 b1.6 b1.4 b1.6 b1.5 b1.4 b1.4 b1.5 b1.3 b

Gross profit Margin, %

34%34%32%37%35%34%36%37%34%

General and administrative expense

867.2 m845.5 m789.4 m811.2 m772.7 m755.8 m712.2 m708.1 m687.6 m

Operating expense total

867.2 m845.5 m789.4 m811.2 m772.7 m755.8 m712.2 m708.1 m687.6 m

EBIT

557.5 m559 m537.2 m683.3 m905.7 m586.3 m645.8 m768.9 m542.5 m

EBIT margin, %

13%12%12%16%20%15%17%19%14%

Interest expense

78.5 m77.3 m80 m75.3 m73.8 m77.2 m73.9 m75.5 m76.4 m

Income tax expense

152.6 m153.4 m116.5 m198.6 m311.5 m157.6 m176.6 m227.4 m107 m

Net Income

352.4 m355.4 m353.8 m435.1 m543.6 m367.7 m419.5 m495.8 m370.2 m
USDFY, 2014FY, 2015FY, 2016FY, 2017

Cash

867.3 m334.2 m763.7 m766.1 m

Accounts Receivable

30.2 m

Inventories

1.6 b1.5 b1.4 b1.5 b

Current Assets

4.4 b3.8 b3.9 b4.1 b

Goodwill

8.7 b8.9 b8.7 b8.7 b

Total Assets

23.1 b22 b21.7 b21.8 b

Accounts Payable

1.6 b1.7 b2 b2.1 b

Total Debt

7.7 b8.6 b8.2 b8.2 b

Current Liabilities

5.4 b4.9 b5 b5.3 b

Total Liabilities

16.2 b

Additional Paid-in Capital

1.2 b1.3 b1.2 b1.1 b

Retained Earnings

11.8 b12 b12.6 b13.1 b

Total Equity

7 b5.4 b5.3 b4.7 b

Debt to Equity Ratio

1.1 x1.6 x1.5 x1.8 x

Debt to Assets Ratio

0.3 x0.4 x0.4 x0.4 x

Financial Leverage

3.3 x4.1 x4.1 x4.7 x
USDQ1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Cash

450.6 m649.8 m782.7 m765.7 m809.7 m899.1 m

Inventories

1.8 b1.5 b1.4 b1.5 b1.5 b1.5 b

Current Assets

4.3 b4 b4 b4.2 b4.1 b4.1 b

Goodwill

8.9 b8.6 b8.7 b8.8 b8.7 b8.7 b

Total Assets

22.3 b21.6 b21.6 b21.9 b21.6 b21.7 b

Accounts Payable

1.8 b1.7 b1.7 b1.9 b1.9 b1.9 b

Current Liabilities

5.3 b5 b5.3 b5.2 b6.2 b5.7 b

Additional Paid-in Capital

1.2 b1.2 b1.2 b1.2 b1.2 b1.1 b

Retained Earnings

12.2 b12.4 b12.5 b12.7 b12.9 b13 b

Total Equity

5.4 b5.2 b5.3 b5.3 b4.5 b4.4 b

Financial Leverage

4.2 x4.2 x4.1 x4.1 x4.8 x4.9 x
USDFY, 2014FY, 2015FY, 2016FY, 2017

Net Income

1.9 b1.3 b1.7 b1.7 b

Depreciation and Amortization

603.6 m

Inventories

(88.3 m)(24.2 m)(146.1 m)(61.5 m)

Accounts Payable

191.5 m145.8 m318.7 m99.5 m

Cash From Operating Activities

2.5 b2.5 b2.6 b2.3 b

Cash From Investing Activities

(561.8 m)(1.6 b)

Dividends Paid

(983.3 m)(1 b)(1.1 b)(1.1 b)

Cash From Financing Activities

(1.8 b)(1.4 b)(2.3 b)(1.6 b)
USDQ1, 2014Q2, 2014Q3, 2015Q1, 2015Q2, 2015Q3, 2016Q1, 2016Q2, 2016Q3, 2017

Net Income

352.4 m355.4 m353.8 m435.1 m543.6 m367.7 m419.5 m495.8 m370.2 m

Depreciation and Amortization

150.3 m290.4 m443.7 m143.9 m292.5 m441.2 m152.5 m301.1 m448.3 m

Inventories

(237.2 m)(309.6 m)(50.8 m)(275.2 m)(196.2 m)(89.3 m)(122.2 m)(120.7 m)(42.1 m)

Accounts Payable

42.4 m139.7 m(18.9 m)132.8 m56.3 m75.9 m(49.7 m)(19.9 m)(100.4 m)

Cash From Operating Activities

329.4 m863.2 m1.6 b430.9 m1.2 b1.9 b288.3 m987.6 m1.6 b

Cash From Investing Activities

(197.2 m)(1.2 b)(1.4 b)(139.1 m)335.1 m(127.3 m)(280 m)(424 m)

Dividends Paid

(254.4 m)(503.2 m)(751.3 m)(266.5 m)(530.9 m)(794.6 m)(290.9 m)(575.5 m)(856.3 m)

Cash From Financing Activities

(153.1 m)369.7 m(146.5 m)(156.9 m)(1.3 b)(1.7 b)(155.7 m)(628.9 m)(982.8 m)
USDY, 2017

EV/EBIT

16.1 x

EV/CFO

17.8 x

Revenue/Employee

404 k

Debt/Equity

1.8 x

Debt/Assets

0.4 x

Financial Leverage

4.7 x

General Mills Market Value History

General Mills Median Salaries

Source: 91 public H-1B filings from General Mills

Traffic Overview of General Mills

General Mills Online and Social Media Presence

General Mills Company Life and Culture

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