General Mills, with $11.5 billion in net sales, markets trusted consumer brands across a wide range of food categories. 
Our major businesses include Big G cereals, a leader in the $7.7 billion U.S. ready-to-eat cereal category, with consumer favorites like Cheerios, Wheaties and Lucky Charms.
Our Meals division delivers convenient dinner options for today's consumers, with Helper casseroles, Betty Crocker potato mixes, Old El Paso Mexican foods, Progresso soups, Green Giant vegetables and meal starters, and Lloyd's refrigerated entrees.
Pillsbury holds a clear leadership share of the $1.6 billion U.S. refrigerated dough category. Other products from our Pillsbury division include Pillsbury Home Baked Classics, Pillsbury frozen waffles, and Totino's frozen pizza and snacks.
Our Baking Products division offers a wide range of great-tasting baking solutions featuring Betty Crocker dessert mixes, Bisquick baking mixes, Betty Crocker cakes and frostings, and Gold Medal flour.
General Mills' Snacks division holds top market positions in several fast-growing U.S. snack categories, with brands like Fruit Roll-Ups fruit snacks, Chex Mix snack mix, Pop Secret microwave popcorn and Nature Valley granola bars. Yoplait leads the $2.9 billion U.S. category with products such as Yoplait Original, Yoplait Light, Colombo, Trix yogurt, Yumsters, and Go-GURT. Our Health Ventures businesses include Small Planet Foods and our organic food brands, Cascadian Farm and Muir Glen, as well as 8th Continent, our soy products joint venture with DuPont. General Mills' Bakeries and Foodservice division markets unbaked, par-baked and fully baked dough products and mixes to foodservice operators, and retail and wholesale bakeries. We also market many of our market-leading branded products through nongrocery outlets such as school cafeterias, restaurants and convenience stores. Our portfolio of international brands in General Mills' International Division includes Häagen-Dazs ice cream, Pillsbury dough-based products, Betty Crocker desserts and mixes, Green Giant vegetables, Old El Paso Mexican foods, and a number of other local market favorites. General Mills is also among the largest food companies in Canada. Cereal Partners Worldwide (CPW), our joint venture with Nestlé, is building cereal brands in international markets around the world.
Snack Ventures Europe (SVE), our joint venture with PepsiCo, is continental Europe's No. 1 snack company.

http://www.generalmills.com

General Mills Achieves Record-Level Results in Fiscal 2009

General Mills Reports Results for Fiscal 2007 Third Quarter   Net Sales Grew 6 Percent to $3.05 Billion;  Diluted Earnings per Share Increased 9 Percent to 74 Cents
Company Raises Full-year Guidance;
MINNEAPOLIS--(BUSINESS WIRE)--March 22, 2007--General Mills, Inc. (NYSE:GIS) today reported results for the third quarter of fiscal 2007. Net sales for the 13 weeks ended Feb. 25, 2007, were $3.05 billion, up 6 percent from the same period a year ago. Unit volume grew 5 percent worldwide. Gross margin improved by 80 basis points and segment operating profits increased 9 percent to $522 million. Net earnings after tax also rose 9 percent to $268 million, as the impact of a lower tax rate offset incremental stock-based compensation expense (from the adoption of SFAS 123R) and higher interest expense. Diluted earnings per share (EPS) totaled 74 cents, up 9 percent from 68 cents in last year's third quarter.
General Mills Chairman and Chief Executive Officer Steve Sanger said, "This was another quarter of broad-based sales growth and margin expansion for the company. We're generating a combination of good unit volume gains, favorable mix and supply chain productivity, which is helping to offset input cost inflation. As a result, we have been able to increase our level of consumer marketing investment and also raise our earnings guidance for the year."
Through the first nine months of fiscal 2007, General Mills' net sales increased 6 percent to $9.38 billion. Segment operating profits grew 9 percent to $1.77 billion. Earnings after tax totaled $920 million, up 6 percent from last year's nine-month results. Diluted earnings per share grew 11 percent to $2.55, including 11 cents of incremental expense related to the adoption of SFAS 123R for stock-based compensation.
U. S. Retail Segment
Net sales for General Mills' domestic retail operations grew 5 percent in the third quarter to $2.11 billion, driven by 5 percent unit volume growth. Operating profits grew 6 percent to $447 million, as volume leverage and productivity offset higher input costs.
Net sales for the Meals division grew 10 percent, led by double-digit growth for Progresso soups along with gains for Helper dinner mixes and Green Giant vegetables. Yoplait division net sales rose 9 percent as Yoplait Light yogurt varieties and Yoplait Kids yogurt continued to generate strong growth. Baking Products division net sales grew 11 percent reflecting strong unit volume growth, particularly in nonmeasured channels. The Snacks division posted an 8 percent net sales gain including introductory volume for new Fiber One bars and continuing growth for Nature Valley snack bars. Net sales for the Pillsbury USA division rose 3 percent, led by core refrigerated dough products, Totino's frozen pizza rolls and Toaster Strudel. Big G cereal unit volume matched prior-year levels but net sales declined 4 percent due to year-over-year differences in the timing of price promotion activity. Net sales for the company's Small Planet Foods organic business grew 15 percent in the quarter.
Through the first nine months of 2007, net sales for the U.S. Retail segment were up 4 percent to $6.46 billion, reflecting 3 percent unit volume growth and net price realization. Segment operating profit grew 7 percent to $1.49 billion year-to-date.
International Segment
Net sales for the company's consolidated international businesses rose 15 percent in the third quarter to $510 million. Unit volume grew 6 percent, price and mix added 5 points, and foreign exchange contributed 4 points of sales growth. Operating profit rose 17 percent to $42 million.
Through the first nine months of 2007, net sales for General Mills' consolidated international businesses grew 15 percent to $1.56 billion. Operating profit increased 7 percent to $160 million.
Bakeries and Foodservice Segment
Third-quarter net sales for General Mills' Bakeries and Foodservice segment grew 5 percent to $436 million, reflecting a 1 percent unit volume increase and net price realization. Segment operating profit increased to $33 million, compared to $18 million in last year's third quarter due to pricing and favorable mix.

Through the first nine months of 2007, net sales for the Bakeries and Foodservice segment were up 7 percent to $1.36 billion. Operating profit rose 39 percent to $118 million.

Joint Venture Summary
Earnings after tax from joint ventures totaled $16 million in the third quarter, in line with prior-year results despite a $4 million after-tax charge associated with previously announced restructuring of the Cereal Partners Worldwide (CPW) manufacturing plants in the United Kingdom. Net sales for CPW grew 22 percent in the quarter. This included contributions from the Uncle Tobys business in Australia that CPW acquired in July 2006. Net sales for the Haagen-Dazs joint ventures in Asia increased 12 percent. Net sales for the 8th Continent soy beverage joint venture in the U.S. were down 5 percent, reflecting lower unit volume.

Through nine months, earnings from joint ventures totaled $58 million after tax, including CPW restructuring expenses of $7 million. Prior-year earnings of $57 million aftEr tax through nine months did not include any CPW restructuring expense.