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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.
EPIC has launched its first Beef Barbacoa-Inspired Bar made from beef raised using regenerative farming practices aimed at reducing carbon emissions. This product carries the Savory Institute's Land to Market™ Ecological Outcome Verification™ Seal, highlighting EPIC’s commitment to sustainability. The beef is sourced from White Oak Pastures, offsetting 80% of its greenhouse gas emissions. Priced at $2.99 each, the bar is available at Whole Foods and EPIC's website, promoting consumer support for regenerative agriculture and improved soil health.
General Mills (NYSE: GIS) is set to announce its fiscal 2021 third quarter results on March 24, 2021. The announcement will include a press release, pre-recorded management remarks, and supporting slides, all available that morning. A webcast Q&A session is scheduled for 8:00 a.m. CT. General Mills, headquartered in Minneapolis, generated U.S. $17.6 billion in net sales for fiscal 2020, with an additional U.S. $1.0 billion from non-consolidated joint venture sales.
Lucky Charms is launching a special Green Milk Turn Lucky Charms cereal to celebrate St. Patrick’s Day, featuring clover charms that turn milk green. This limited-edition product will be available at major retailers for $3.33 while supplies last. In collaboration with Hasbro, a special edition of the CANDY LAND game, titled Lucky’s CharmWorld, is also available for pre-order. The brand is partnering with various companies like Cold Stone Creamery and Crocs Jibbitz to provide additional themed activities for families. These initiatives aim to create memorable celebrations at home during the holiday.
Nature Valley has launched the first plastic film wrapper designated as Store Drop-Off recyclable by How2Recycle® for its Crunchy granola bars. This packaging advancement aligns with the brand’s commitment to achieving 100% recyclable packaging by 2025. By not patenting the technology, Nature Valley encourages other food brands to adopt similar solutions. The initiative aims to increase consumer awareness about recycling and improve sustainability within the snack industry, potentially reaching 295 million Americans who are near Store Drop-Off locations.
At the CAGNY 2021 Conference, General Mills (NYSE: GIS) presented its Accelerate strategy aimed at achieving superior shareholder returns through brand enhancement, innovation, and operational scale. Key focuses include prioritizing investments in eight Core Markets and five Global Platforms like Cereal and Pet Food. The company forecasts mid- to high-single-digit earnings growth and aims for organic net sales growth of 2-3%. General Mills reaffirmed its third-quarter and full-year fiscal 2021 guidance amidst sustained elevated consumer demand for food at home.
Dairy foods are crucial for health, yet 90% of Americans fall short of the recommended 3 cups per day, known as 'The Dairy Gap.' Key nutrients lacking include calcium, vitamin D, and potassium. Yoplait yogurt offers a solution, providing an average cost of 60 cents per serving. It is now recognized as an Excellent Source of Calcium with 260 mg (20% DV) and a Good Source of Vitamin D with 3 mcg (15% DV). By choosing Yoplait, consumers can help bridge this nutrient gap.
Cascadian Farm has pledged a significant $750,000 investment to The Nature Conservancy aimed at restoring farmland in California’s Sacramento Valley. This two-year initiative intends to enhance wildlife habitats and recharge groundwater over 600 acres of farmland, emphasizing sustainable farming practices. Emily Thomas of General Mills highlighted the brand's commitment to sustainability as consumer demand shifts towards environmentally responsible companies. The program aims to improve farmers' economic resilience against climate challenges while promoting biodiversity.
General Mills achieved a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI) for the 15th consecutive year, demonstrating strong commitment to LGBTQ workplace equality. The achievement reflects efforts from Betty’s Family, an employee network that promotes inclusivity and support for LGBTQ+ employees. Highlights include global support initiatives and events celebrating Pride month. The CEI evaluates companies on non-discrimination policies, equitable benefits, cultural support, and corporate social responsibility. General Mills reported fiscal 2020 net sales of $17.6 billion.
Betty Crocker is launching a new line of seasonal products aimed at providing whimsical and easy baking experiences. Highlights include Dunkaroos Frosting, Reese’s Pieces Surprise Cupcake Kit, Hershey’s Kisses Blossom Cookie Kit, Giant Cookie Kit, and a limited-edition Lemon Cookie Mix. These products will be available at grocery retailers across the U.S. starting in February. Amanda Burlison, Senior Brand Manager, noted a significant increase in home baking during the pandemic, with 97% of respondents in a poll indicating increased baking activity.
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