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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.
This winter, Lärabar teams up with Paper Culture to release limited-edition packaging featuring original artwork, celebrating sustainability. Available from November, the holiday collection showcases four indulgent flavors: Chocolate Chip Cookie Dough, Peanut Butter Chocolate Chip, Mint Chip Brownie, and Peanut Butter Cookie. New customers can save $10 on their first Paper Culture purchase. The designs extend to curated stationery and a sweepstakes running from November 1-17 for a Sustainable Holiday Advent Calendar. Retail availability lasts two months, with a 6-pack priced at $6.29.
General Mills is launching its Tailgate Nation initiative this fall, featuring pop-up tiny house experiences at college football games. These events will offer delicious food, interactive games, and prizes tailored to local teams. The pop-ups will take place at four major match-ups: Purdue vs. Iowa on October 16, Tennessee vs. Alabama on October 23, Michigan vs. Penn on November 13, and Michigan State vs. Ohio on November 20. Fans can also access recipes from brands like Betty Crocker and Chex, as well as participate in contests for prizes including gift cards and team merchandise.
General Mills has launched a virtual 'homegate' experience through its Tailgate Nation program, in partnership with Meijer. This innovative platform integrates gameday excitement into the homes of college football fans, featuring an interactive virtual kitchen and backyard. Participants can access tailgate-inspired recipes, watch videos, and take quizzes while shopping for their favorite snacks from well-known brands such as Betty Crocker, Totinos, and Cheerios. The program will run until October 16 and offers incentives for product purchases.
General Mills is launching new Takis Fuego® inspired Hot Chili Pepper and Lime-Flavored Stand 'N Stuff Taco Shells, available exclusively at Walmart stores nationwide and on walmart.com. This innovative product combines the popular spicy flavor of Takis with the convenience of Stand 'N Stuff shells, catering to consumer demand for bold flavors in at-home Mexican cuisine. This collaboration highlights a strategic partnership with Walmart aimed at enhancing product offerings in the TexMex category, allowing consumers to create custom taco meals easily.
Box Tops for Education and Yoplait are providing $20,000 to two Los Angeles schools: ICEF View Park Middle School and Jefferson Elementary. Each school receives $10,000 to support educational programs such as STOKED and Playworks, which focus on leadership and life skills. Additionally, both schools received equipment for their programs. Over the past 25 years, Box Tops has contributed nearly $1 billion to schools in the U.S., emphasizing its commitment to help those in need. More information can be found on the Box Tops website.
The General Mills Board has declared a quarterly dividend of $0.51 per share, to be paid on November 1, 2021, to shareholders of record by October 8, 2021. General Mills has maintained a consistent dividend payment for 123 years. In fiscal 2021, the company reported net sales of $18.1 billion, with an additional $1.1 billion from non-consolidated joint ventures. This continued commitment to dividends reflects General Mills' strategy to enhance shareholder value and its strong financial performance.
General Mills (NYSE: GIS) reported a 4% increase in net sales to $4.5 billion for the first quarter ending August 29, 2021. However, operating profit declined 1% to $844 million, with diluted EPS down 1% to $1.02. The company reaffirms its full-year fiscal 2022 outlook, anticipating organic net sales to decline 1-3%. The acquisition of Tyson Foods' pet treats business is expected to add approximately 2 cents to adjusted EPS. Various segments, including Pet and Convenience Stores, showed strong sales growth amid evolving consumer behaviors due to the pandemic.
General Mills' Box Tops for Education program is partnering with retailers to help schools in need by offering promotional incentives. Shoppers can earn 50 Bonus Box Tops, worth $5, when purchasing five qualifying items at Target by September 30. The program supports Black Men Teach, which focuses on recruiting Black male teachers in Minnesota. At a recent back-to-school event, Box Tops donated Target gift cards and announced a four-year commitment of $500,000 to support educational equity. This initiative aims to relieve teachers' financial burdens and enhance community support.
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