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:

  • 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.