date:Jun 28, 2012
For the year ended May 27, the company had earnings of $1,567.3 million, equal to $2.42 per share on the common stock, compared with $1,798.3 million, or $2.80 per share, during fiscal 2011. Sales for the year were $16,657.9 million, up 12% from $14,880.2 million during fiscal 2011.
Fiscal 2012 was characterized by the highest input-cost inflation weve experienced in more than three decades, and this cost pressure constrained our earnings growth, said Ken Powell, chairman and chief executive off