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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.
General Mills (NYSE: GIS) has successfully acquired TNT Crust, a leading manufacturer of frozen pizza crusts, previously owned by Peak Rock Capital. TNT Crust has shown remarkable growth, achieving approximately
An affiliate of Peak Rock Capital has completed the sale of TNT Crust LLC to General Mills (NYSE: GIS). TNT, known for its better-for-you pizza crusts, caters to a diverse clientele, including national pizza chains and foodservice distributors. Under Peak Rock's ownership since late 2018, TNT has enhanced its manufacturing capabilities and launched new product lines. The transaction reflects Peak Rock's strategy to support growth in consumer sectors. The new production facility in St. Charles is expected to create over 100 jobs.
General Mills has partnered with Regrow Agriculture to monitor the environmental impacts of agricultural practices across 175 million acres of farmland in North America, Europe, and South America. This initiative supports General Mills' goal of advancing regenerative agriculture on one million acres by 2030 and reducing greenhouse gas emissions by 30% within its value chain by 2030. The collaboration utilizes Regrow's technology, including satellite imagery and data modeling, to enhance climate tracking and improve emissions baselines, contributing to the company's net-zero emissions target by 2050.
General Mills has announced a multi-year roadmap with the Ecosystem Services Market Consortium (ESMC) to enhance the Eco-Harvest program, which rewards farmers for engaging in regenerative agriculture. Initial funding of
General Mills is launching a new snack, the Totino’s FaZe Clan Buffalo Chicken Pizza Rolls, in collaboration with FaZe Clan. This fan-requested flavor will be available starting in July, following a preview event from June 3-5 in Los Angeles. Having built on a successful first year of partnership, the new product aims to cater to gaming enthusiasts. This initiative aligns with General Mills' strategy to innovate and respond to consumer demand, enhancing their brand's engagement with younger audiences.
General Mills, Inc. (NYSE: GIS) is scheduled to report its fiscal 2022 fourth quarter and full-year results on June 29, 2022. A press release, along with pre-recorded management remarks and supporting slides, will be available that morning, followed by a webcasted Q&A session at 8:00 a.m. CT. The webcast and related materials can be accessed at www.generalmills.com/investors.
In fiscal 2021, General Mills reported net sales of $18.1 billion and non-consolidated joint venture net sales of $1.1 billion.
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.
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