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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 achieved a prestigious double ‘A’ score from the global environmental non-profit CDP, recognizing its efforts in climate change and water security. As one of the few North American companies in the Food & Beverage sector to receive this accolade, General Mills has demonstrated leadership and transparency in reducing greenhouse gas emissions and promoting sustainable water management. The company has a strong track record, being the first to publish a full value chain climate goal approved by the Science Based Targets initiative in 2015.
General Mills (NYSE: GIS) announced the retirement of John Church, chief transformation and enterprise services officer, effective January 31, 2022. Church has been with the company since 1988 and led key transformation efforts, including the integration of Pillsbury's logistics. He also contributed to sustainability and diversity initiatives. Under the Accelerate strategy, General Mills aims to create shareholder value and reported $18.1 billion in net sales for fiscal 2021.
General Mills, Inc. (NYSE: GIS) is set to report its fiscal 2022 second-quarter results on December 21, 2021. The announcement will include a press release, pre-recorded management remarks, and supporting slides, followed by a webcasted Q&A session at 8:00 a.m. CT. In fiscal 2021, the company achieved $18.1 billion in net sales, with an additional $1.1 billion from non-consolidated joint ventures. The firm operates under an Accelerate strategy aimed at enhancing shareholder value through brand building and innovation.
General Mills has finalized the sale of its 51% controlling interest in European Yoplait operations to Sodiaal, a move initially announced on
General Mills (NYSE: GIS) has announced the sale of its European dough businesses to Cérélia, a leader in ready-to-bake dough solutions. This transaction includes brands such as Knack & Back and Jus-Rol in Germany, the UK, and Ireland, expected to close by the end of fiscal 2022, subject to regulatory approvals. This move aligns with General Mills' Accelerate strategy, focusing on profitable growth and strengthening their portfolio across key global platforms.
The Board of Directors of General Mills has declared a quarterly dividend of
General Mills announces a collaboration with renowned artist KAWS for the launch of KAWSPUFFS, a new AR game accessed via limited-edition cereal boxes. The first box, priced at
Pillsbury has partnered with Operation Homefront to donate rent-free homes to military families, with the first family welcomed into a transitional home in the Dallas-Fort Worth area, just in time for Thanksgiving. This initiative aims to support veterans as they transition back to civilian life, providing them with housing and resources for financial stability. The project will include three homes, with the potential to help multiple families over the next 15-20 years. Operation Homefront has helped over 600 families through similar programs, emphasizing community support for military personnel.
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