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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) held a presentation at the 2021 Barclays Global Consumer Staples Conference, outlining its North America Retail and Pet business segments and updating its fiscal 2022 outlook. Key priorities include executing the Accelerate strategy, managing costs, and reorganizing its portfolio. The company anticipates organic net sales to decline 1-3% and adjusted EPS to be near the higher end of previous estimates. The acquisition of Tyson Foods' pet treats is expected to boost EPS by approximately 2 cents. Free cash flow conversion remains at approximately 95% of adjusted earnings.
General Mills has partnered with Tinashe to launch the RP-FX and RP-PRO music boxes, promoting music education. The initiative includes a $100K donation to Save The Music Foundation to enhance accessibility to music for students. Tinashe will host a live YouTube class on music production on September 2, 2021, at 1 p.m. ET. The RP-FX and RP-PRO are now available for $3.99 in stores, allowing fans to create music and participate in a giveaway for a signed synthesizer. This collaboration underscores General Mills’ commitment to the arts and innovation.
Cinnamon Toast Crunch is launching a promotional giveaway of up to two million boxes throughout September. Customers can receive a rebate of up to $6.55 on any flavor by submitting a receipt by October 31. This offer is aimed at providing a cost-effective breakfast option for families as they return to their school routines. The promotion includes various Cinnamon Toast Crunch flavors but is limited to one box per household and is void in certain locations. More details can be found at FreeCTC.com.
General Mills, Inc. (NYSE: GIS) is set to report its fiscal 2022 first quarter results on September 22, 2021. A press release, management remarks, and supportive slides will be available on the same day, along with a webcast Q&A at 8:00 a.m. CT. For access, interested parties can visit www.generalmills.com/investors. The company generated $18.1 billion in net sales for fiscal 2021, with an additional $1.1 billion from non-consolidated joint ventures, focusing on brand building and innovation to drive shareholder value.
The Old El Paso™ #MessFreeChallenge has transitioned to a basketball theme in its second year, focusing on combating food insecurity across the U.S. and Canada. With 1 in 4 U.S. households and 1 in 8 in Canada facing food scarcity, basketball stars like Andre Drummond and Andrew Wiggins are leading the initiative. They encourage fans to contribute alongside General Mills, which has pledged a $15,000 donation to Feeding America and Canadian food banks. Last year's campaign resulted in over 100,000 meals donated, with aspirations to increase that number this year.
General Mills (NYSE: GIS) will participate in the Barclays Global Consumer Staples Virtual Conference on September 8 at 7:00 a.m. CT. Jon Nudi, Group President of North America Retail, and Bethany Quam, Group President of Pet, will lead the fireside chat. Interested individuals can access the webcast and presentation slides at General Mills Investors. Fiscal 2021 saw net sales reach $18.1 billion.
General Mills highlights the importance of nutrient-dense eating, emphasizing that affordable and accessible food options, like their Big G Cereals, can support children's health.
A survey reveals that 77% of parents believe homemade breakfasts are healthier, yet cereal often provides essential nutrients efficiently.
With 60% of parents feeling pressured by social media to present 'perfect' meals, the company advocates for a balanced approach to nutrition, stating that cereals like Cheerios and Fiber One can meet dietary needs effectively.
Cinnamon Toast Crunch is launching an exclusive sweepstakes for teens aged 13-18, running until August 31. Participants can win free cereal and prizes through the Cinnamagistics.com. The event features the brand's characters, Cinnamojis, and participants can enter daily for a chance to win exciting merchandise. Additionally, a 2 million box giveaway is planned for September.
Pillsbury has launched six new products aimed at enhancing family cooking experiences, including two Pull-Apart Bread Kits, Mini Cinni Stix, Mini Pizza Crusts, and snack-size Cookie Dough Poppins. These offerings are designed for convenience, allowing families to enjoy home-baked moments with ease. The Pull-Apart Kits come with pre-cut dough and sauce, while the Mini Cinni Stix and Cookie Dough Poppins cater to various snacking occasions. General Mills, the parent company, generated $18.1 billion in net sales for fiscal 2021, indicating significant market presence.
FaZe Clan has partnered with Totino’s Pizza Rolls to launch a new content series hosted by Lil Yachty, featuring FaZe talent engaged in gaming and fun activities like cooking and fishing aboard a yacht. The series aims to showcase the spontaneous nature of Totino's as the ultimate gaming snack. This collaboration follows FaZe Clan's recent milestones, including becoming the first gaming organization on the cover of Sports Illustrated. The partnership seeks to creatively integrate the gaming and snack culture, appealing to a shared audience.
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