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General Mills, Inc. (NYSE: GIS) is a global leader in the food processing sector, headquartered in Minneapolis, Minnesota. Operating in more than 100 countries, General Mills markets an extensive portfolio of over 100 consumer brands including household names such as Cheerios, Yoplait, Betty Crocker, Pillsbury, Häagen-Dazs, Nature Valley, Green Giant, Old El Paso, Progresso, Cascadian Farm, and Muir Glen.
The company produces a wide range of food products categorized into snacks, cereals, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. In fiscal 2023, a significant 81% of the company's revenue was generated from the United States. However, General Mills maintains a robust international presence with operations in Canada, Europe, Australia, Asia, and Latin America.
General Mills' consumer base primarily comprises retail stores, but the company also provides products to foodservice channels and the commercial baking industry. The company is well-regarded for its commitment to quality, innovation, and sustainability, making it a trusted name in households worldwide.
Recent achievements include the expansion of its pet food line, particularly through the Blue Buffalo brand, which has seen substantial growth. Additionally, the company has invested in sustainable sourcing and production techniques, ensuring long-term environmental stewardship. Key partnerships with various retailers and distributors have further cemented General Mills' position as a market leader.
General Mills continues to focus on health-oriented products, meeting the growing consumer demand for nutritious and convenient food options. The company’s strategic initiatives and ongoing projects reflect its dedication to adapting to changing market dynamics while maintaining its legacy of delivering high-quality food products.
Eagle Foods announced its acquisition of the Helper and Suddenly Salad brands from General Mills (NYSE: GIS), enhancing its leadership in the center store category. Expected to finalize in Q3 2022, this strategic move will diversify Eagle's product offerings in snacks, baking, and meals. CEO Bernard Kreilmann emphasized the importance of investing in and revitalizing these iconic brands. With a history of driving growth through R&D and marketing, Eagle aims to expand its market presence and deliver affordable meal solutions to families.
General Mills (NYSE: GIS) has announced a definitive agreement to sell its Helper and Suddenly Salad businesses to Eagle Family Foods Group for approximately
General Mills (NYSE: GIS) is set to participate in two upcoming investor conferences. Jon Nudi, Group President of North America Retail, will speak at the RBC Capital Markets Global Consumer & Retail Conference on June 1, 2022, at 12:20 p.m. CT. Jeff Harmening, Chairman and CEO, will present at the dbAccess Global Consumer Conference on June 15, 2022, at 9 a.m. CT. Both discussions will be webcasted and accessible on the General Mills investor website.
General Mills unveils a limited-edition sneaker inspired by Gushers, available in the metaverse from May 25-27. The sneaker features colorful designs and interactive elements, allowing fans to explore ComplexLand. Participants can embark on a 'Sole Quest' for a chance to win the exclusive kicks. Designed by RAL7000STUDIO, the shoe encapsulates Gushers' vibrant essence, aiming to enhance brand engagement. This creative endeavor marks a unique intersection of food and fashion, reinforcing General Mills' strategy to innovate and connect with consumers.
General Mills (NYSE: GIS) has announced its agreement to acquire TNT Crust, a company specializing in frozen pizza crusts. This move supports General Mills' Accelerate strategy and strengthens its position in the growing frozen baked goods sector. TNT Crust, which reported approximately $100 million in net sales for 2021, is expected to enhance General Mills' scale and market presence. The acquisition includes three manufacturing facilities and will be funded through cash on hand and short-term borrowings, pending regulatory approval.
General Mills (NYSE: GIS) has appointed Karen Wilson Thissen as its new general counsel and corporate secretary, effective June 6, 2022. Thissen brings 29 years of legal experience, previously serving at Ameriprise Financial as general counsel and executive vice president. She succeeds Richard Allendorf, who will retire in August 2022. Jeff Harmening, CEO, praised Thissen's global legal expertise and leadership skills, asserting that her addition aligns with General Mills’ growth strategy.
Box Tops for Education celebrates Teacher Appreciation Month with a special promotion throughout May. Users can earn $5 for a school by downloading the app and using the referral code TEACHERSMAKEUSBETTER upon registering and scanning a receipt by May 31, 2022. Partnering with Quinta Brunson of "Abbott Elementary," Box Tops will donate $20,000 to Andrew Hamilton Middle School in Philadelphia. Since 1996, the program has raised over $945 million for K-8 schools, aiding in educational resources. This initiative aims to inspire continuous support for educators.
General Mills (NYSE: GIS) will host a webcast on May 4, 2022, focusing on its Environmental, Social, and Governance (ESG) commitments under the Force for Good pillar of its Accelerate strategy. The event will include a pre-recorded presentation and a live Q&A with management, highlighting the company’s progress in sustainability and community engagement. The session starts at 8 a.m. CT, and materials can be accessed via www.generalmills.com/investors.
General Mills' 2022 Global Responsibility Report highlights the company's commitment to sustainability and community support. Key achievements include enrolling 115,000 acres in regenerative agriculture, donating
General Mills (NYSE: GIS) will host a webcast for its Environmental, Social and Governance (ESG) investor event on May 4, 2022, starting at 7 a.m. CT. This event will focus on the Force for Good aspect of the company’s Accelerate strategy, showcasing its commitments in various areas such as planet, people, community, and food. Participants can access the webcast and further materials at www.generalmills.com/investors. The details on these initiatives will also draw from the upcoming 2022 Global Responsibility Report.
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