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general mills 2008 AR
General Mills' annual report for fiscal year 2008 highlights continued sales growth. Net sales increased 10% to $13.7 billion, with growth across all major divisions. International sales grew 21% and now make up 19% of total sales. Diluted earnings per share grew 17% to $3.71, meeting the company's long-term growth targets. General Mills attributes its success to building strong brands globally, developing new products, increasing marketing investment, partnering effectively with retailers, and focusing on cost savings to protect margins despite rising input costs.
