HIGHOutside partySupplier
product lines from a single location or single supplier
“10-K Item 1A: 'Many of our product lines are manufactured at a single location or sourced from a single supplier.'”
GIS · Concentration risk · 10-K extracted
General Mills (GIS) concentration risks
Updated
The most significant concentration General Mills discloses is product lines from a single location or single supplier, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: General Mills’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH1
MEDIUM0
LOW1
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
22%
Walmart Inc. and its affiliates
“10-K Item 1: 'Walmart Inc. and its affiliates (Walmart) accounted for 22 percent of our consolidated net sales and 31 percent of net sales of our North America Retail segment'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-10-18General Mills' disclosed concentration risks pair a customer exposure with an operating one. Walmart and its affiliates accounted for 22% of consolidated net sales and 31% of North America Retail segment net sales, a low-share exposure at the company level that is noticeably larger inside the segment where the relationship matters most. This is a dependency on a single retail counterparty rather than a structural feature of the end market. The more consequential idiosyncratic risk sits on the supply side. The filing states that many product lines are manufactured at a single location or sourced from a single supplier, a high-share exposure with dependency character. A disruption at one plant or vendor could interrupt a whole product line regardless of how healthy demand or the Walmart relationship is. Netting these out, the customer exposure is a negotiating-leverage and shelf-space issue that moves gradually, while the single-site and single-supplier exposure is an event risk that could hit supply abruptly. Both are clearly disclosed in the filing, and the supply-side item is the one more likely to move the verdict.
For the engine’s reasoning on GIS’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Packaged Foods
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CENT | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CENTA | Central Garden & Pet Company | 1 | 1 | 2 | 4 |
| CPB | The Campbell's Company | 1 | 1 | 1 | 3 |
| GIS● | General Mills, Inc. | 1 | 0 | 1 | 2 |
| CAG | ConAgra Brands, Inc. | 0 | 1 | 0 | 1 |
| BRBR | BellRing Brands, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.