General Mills (NYSE:GIS) released earnings for the fiscal year ended May 29 on June 29, 2005.
- Fiscal 2005 included 52 weeks, while fiscal 2004 was 53 weeks long.
Income Statement Highlights
|
FY 2005 Avg. Est. | FY 2005 Actual | FY 2004 Actual | % Change | |
|---|---|---|---|---|
| Sales | $11,210 | $11,244 | $11,070 | 1.6% |
| Net Profit | -- | $1,240 | $1,055 | 17.5% |
| EPS | $2.92 | $3.08 | $2.60 | 18.5% |
Dollar figures in millions, except per-share data
Balance Sheet Highlights
| Assets | FY 2005 | FY 2004 | % Change |
|---|---|---|---|
| Cash + ST Invest. | $573 | $751 | -23.7% |
| Inventory | $1,037 | $1,063 | -2.4% |
| Accounts Rec. | $1,034 | $1,010 | 2.4% |
Dollar figures in millions
| Liabilities | FY 2005 | FY 2004 | % Change |
|---|---|---|---|
| Long-Term Debt | $5,834 | $7,410 | -21.3% |
| Accounts Payable | $1,136 | $1,110 | 2.3% |
Dollar figures in millions
Margin Checkup
| FY 2005 | FY 2004 | % Change | |
|---|---|---|---|
| Gross Margin | 39.22% | 40.52% | -1.30% |
| Operating Margin | 17.72% | 20.26% | -2.55% |
| Net Margin | 11.03% | 9.53% | 1.50% |
Related companies:
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- Groupe Danone (NYSE:DA)
- Kellogg (NYSE:K)
- Kraft Foods (NYSE:KFT)
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At the time of publication, John Reeves did not own shares in any of the companies mentioned. Fool rules are here.
