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.

Type
Public
Parent Company
Grupo Bimbo
HQ
Minneapolis, US
Founded
1928
Size (employees)
38,000 (est)
General Mills was founded in 1928 and is headquartered in Minneapolis, US
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Key People/Management at General Mills

Jeffrey Harmening

Jeffrey Harmening

CEO, Chairman of the Board
Richard Allendorf

Richard Allendorf

Senior Vice President, General Counsel and Secretary
William Bishop

William Bishop

Group President, Pet Operating Segment
John Church

John Church

Executive Vice President, Chief Supply Chain Officer and Global Business Solutions
Peter Erickson

Peter Erickson

Executive Vice President, Innovation, Technology and Quality
Christina Law

Christina Law

Senior Vice President; Group President, Asia & Latin America
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General Mills Office Locations

General Mills has offices in Sydney, Melbourne, Berwick, Uxbridge and in 8 other locations
Minneapolis, US (HQ)
One General Mills Boulevard
Melbourne, AU
4 Ricketts Rd
Sydney, AU
16 Kellogg Rd
São Paulo, BR
Minas Gerais, Paraná, Pernambuco, Rio Grande de Sul
Dublin, IE
Fonthill Rd
Berwick, GB
Berwick-upon-Tweed
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General Mills Financials and Metrics

General Mills Financials

General Mills's revenue was reported to be $15.62 b in FY, 2017 which is a 5.7% decrease from the previous period.
USD

Revenue (FY, 2017)

15.6 b

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

(5.7%)

Gross profit (FY, 2017)

5.6 b

Gross profit margin (FY, 2017), %

35.6%

Net income (FY, 2017)

1.7 b

EBIT (FY, 2017)

2.6 b

Market capitalization (15-Jun-2018)

25.9 b

Closing share price (15-Jun-2018)

45.4
General Mills's current market capitalization is $25.9 b.
Annual
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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 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%
Annual
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
Quarterly
USDQ1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

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
Annual
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
Quarterly
USDQ1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q3, 2018

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)413 m
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General Mills Operating Metrics

FY, 2015FY, 2016FY, 2017

Countries

7 8 9

Facilities

66 59 52

Ice Cream Parlors

481 530 433

Warehouses, sq. feet

12 m12 m12 m
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General Mills Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Blue Buffalo Pet Products February 23, 2018$8 b

General Mills Revenue Breakdown

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General Mills revenue breakdown by business segment: 11.1% from Asia & Latin America, 11.7% from Europe & Australia , 12.0% from Convenience Stores & Foodservice and 65.3% from North America Retail

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General Mills Online and Social Media Presence

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