Welcome to our dedicated page for General Mills news (Ticker: GIS), a resource for investors and traders seeking the latest updates and insights on General Mills stock.
General Mills, Inc. (GIS) is a leading global manufacturer of branded consumer foods, offering investors and stakeholders timely access to official corporate developments. This resource provides verified news about financial performance, product innovations, and strategic initiatives across its portfolio of household brands.
Track all essential GIS updates in one location, including earnings reports, leadership changes, sustainability efforts, and market expansions. Our curated collection serves as a reliable reference for analyzing the company's position in the packaged foods sector and broader consumer goods industry.
Discover press releases covering new product launches, retail partnerships, and operational milestones, alongside analyses of emerging trends affecting cereal, snack, and premium food markets. Content is regularly updated to reflect the company's latest public communications.
Bookmark this page for convenient access to General Mills' official announcements and maintain informed perspectives on its business trajectory. Combine this resource with Stock Titan's financial tools for comprehensive market research.
Pillsbury expands its partnership with Operation Homefront to support military families, announcing a new transitional home in Fort Worth and a nationwide donation campaign. This initiative includes a $1 donation for every Pillsbury product purchased via Instacart until November 10, aiming to raise up to $30,000. Since 2020, Pillsbury has invested over $5.6 million in support of military families, enabling the purchase of five homes through the Transitional Homes for Veterans program.
Pillsbury has launched a limited-edition holiday sweater featuring a scannable NFC chip that unlocks festive recipes, playlists, and baking tips. Available for $75, the sweater celebrates the brand's long-standing role in holiday traditions, highlighted by the iconic Doughboy's laugh, which can be activated by pressing the sweater. This initiative aims to enhance holiday joy while promoting Pillsbury products, including a variety of seasonal baked goods. The release reinforces Pillsbury's commitment to family traditions and easy holiday baking solutions.
General Mills expands its Old El Paso brand into the snack category with the launch of Fiesta Twists, featuring flavors like Queso, Zesty Ranch, and Cinnamon Churro. These corn twists aim to provide a unique snacking experience reminiscent of Tex-Mex cuisine. To promote this launch, Olympic athlete Shaun White will participate in a promotional event at Walmart in January. Old El Paso Fiesta Twists are available exclusively at Walmart for an MSRP of $3.48, enhancing General Mills' product offerings in the snack aisle.
Progresso, a brand owned by General Mills, is enhancing the soup season by partnering with chef Carla Hall to introduce creative soup pairings. Hall will inspire consumers with unique combinations for popular soups, including Traditional Chicken Noodle and Rich and Hearty Clam Chowder, aimed at making lunchtime more enjoyable. The soups are priced between $3.88 and $4.32 at select retailers. This collaboration emphasizes Progresso's commitment to quality ingredients and innovative culinary experiences.
General Mills introduces an augmented reality game, Journey to the Magic Gems, allowing families to interact with Lucky Charms and enhance local parks with LED lights. The game celebrates the return of the limited-edition Magic Gems cereal, which quickly sold out earlier this summer. Developed in partnership with Niantic, the mobile game encourages outdoor exploration while offering a sweepstakes to nominate parks for a glow-up. General Mills aims to engage consumers through innovative experiences, linking brand activities with community enhancement.
The Board of Directors of General Mills has declared a quarterly dividend of
General Mills (GIS) reported a 4% increase in net sales to $4.7 billion for the first quarter ended August 28, 2022. Organic net sales rose 10%, driven by positive price realization despite a voluntary recall affecting Häagen-Dazs products. Operating profit surged 29% to $1.1 billion, while diluted EPS climbed 32% to $1.35. The company is raising its fiscal 2023 outlook, projecting organic net sales growth of 6-7% and adjusted diluted EPS growth of 2-5%. However, inflationary pressures and supply chain disruptions remain concerns.
General Mills (NYSE: GIS) will report its fiscal 2023 Q1 results on September 21, 2022. The company intends to release a press statement, along with management comments and slides, followed by a Q&A session at 8:00 a.m. CT. Interested individuals can access the details and webcast through www.generalmills.com/investors. For fiscal 2022, General Mills reported net sales of $19.0 billion with additional joint venture net sales of $1.1 billion.
