Welcome to our dedicated page for General Mills news (Ticker: GIS), a resource for investors and traders seeking the latest updates and insights on General Mills stock.
General Mills, Inc. reports developments across a global packaged-food portfolio that includes cereal, snacks, convenient meals, dough, baking products, ingredients, pet food and superpremium ice cream. Recurring updates cover brands such as Cheerios, Nature Valley, Old El Paso, Pillsbury, Betty Crocker, Blue Buffalo, Häagen-Dazs, Gushers, Fruit by the Foot, Fruit Roll-Ups, Lucky Charms and Trix.
Company news also includes quarterly financial results, outlook commentary, product launches, packaging and ingredient initiatives, portfolio actions, pet-food marketing, foodservice and international activity, leadership and board changes, and global responsibility reporting tied to food, agriculture, environmental and community programs.
Box Tops for Education celebrates Teacher Appreciation Month with a special promotion throughout May. Users can earn $5 for a school by downloading the app and using the referral code TEACHERSMAKEUSBETTER upon registering and scanning a receipt by May 31, 2022. Partnering with Quinta Brunson of "Abbott Elementary," Box Tops will donate $20,000 to Andrew Hamilton Middle School in Philadelphia. Since 1996, the program has raised over $945 million for K-8 schools, aiding in educational resources. This initiative aims to inspire continuous support for educators.
General Mills (NYSE: GIS) will host a webcast on May 4, 2022, focusing on its Environmental, Social, and Governance (ESG) commitments under the Force for Good pillar of its Accelerate strategy. The event will include a pre-recorded presentation and a live Q&A with management, highlighting the company’s progress in sustainability and community engagement. The session starts at 8 a.m. CT, and materials can be accessed via www.generalmills.com/investors.
General Mills' 2022 Global Responsibility Report highlights the company's commitment to sustainability and community support. Key achievements include enrolling 115,000 acres in regenerative agriculture, donating $98 million to charities, and spending $318 million with diverse suppliers in the U.S. The company aims for one million acres in regenerative farming by 2030 and seeks to source 100% renewable electricity by 2030. General Mills emphasizes its role in addressing climate change and enhancing food security for communities.
General Mills (NYSE: GIS) will host a webcast for its Environmental, Social and Governance (ESG) investor event on May 4, 2022, starting at 7 a.m. CT. This event will focus on the Force for Good aspect of the company’s Accelerate strategy, showcasing its commitments in various areas such as planet, people, community, and food. Participants can access the webcast and further materials at www.generalmills.com/investors. The details on these initiatives will also draw from the upcoming 2022 Global Responsibility Report.
General Mills announced a $15 million investment through its venture capital arm, 301 INC, into two early-stage funds: Fearless Fund and Supply Change Capital. This move aims to enhance minority and female representation in food entrepreneurship by bridging the capital gap for underrepresented founders. Since 2021, 80% of 301 INC's investments have targeted minority-led businesses. The initiative aligns with General Mills' commitment to improving equity in food access and opportunities, highlighting its focus on supporting sustainable and diverse food businesses.
General Mills (GIS) reported third-quarter results for fiscal 2022, with net sales at $4.5 billion, reflecting a 4% increase in organic net sales. Operating profit decreased 1% to $815 million, while diluted EPS rose 13% to $1.08. The company raised its fiscal 2022 guidance, anticipating organic net sales growth of approximately 5%. Challenges included a decline in gross margin to 30.9% due to rising input costs. The Pet segment saw strong growth (30% net sales increase), while the International segment faced a decline (23% decrease in net sales). Overall, General Mills shows resilience in a volatile market.
General Mills has launched a sweepstakes for Totino’s products at Walmart, running from April 1 to May 31. Customers purchasing select Totino’s Pizza Rolls and Party Pizza packs can win a Nintendo Switch prize pack or various Nintendo games. The grand prize includes a Nintendo Switch – OLED Model, Joy-Con controller, and two popular games, valued at approximately $579.95. In total, forty grand prizes and one hundred first prizes are available, with all participants receiving 100 My Nintendo Platinum Points. This initiative aims to enhance customer engagement and drive sales.
Dunkaroos, the iconic snack brand, has announced its first-ever All-DUNKaroos college basketball team, featuring five top athletes. Miles Bridges, a professional dunker and former college star, will reveal the team during the March college basketball tournament. Each player will receive a Dunkaroos Slam Dunk Delivery Box, complete with custom Dunkaroos shoes and other merchandise. Since its comeback in 2020, Dunkaroos has seen significant online engagement and offers two flavors at a retail price of $1.79. Fans can participate in the fun through social media and a sweepstakes beginning March 13.
General Mills, Inc. (NYSE: GIS) is set to report its fiscal 2022 third quarter results on March 23, 2022. A press release, management remarks, and slides will be available that morning, followed by a webcast Q&A session at 8:00 a.m. CT. The company emphasizes its commitment to driving shareholder value through its Accelerate strategy, focusing on brand building and innovation. General Mills generated $18.1 billion in net sales in fiscal 2021, in addition to $1.1 billion from non-consolidated joint ventures.
General Mills is launching a new children's book titled The Magic Inside, featuring Lucky from Lucky Charms. The book tells Lucky's coming-of-age story and will be celebrated with a live reading and Q&A by actor Taye Diggs on Instagram on March 2 at 5pm PST. Families can access the book digitally for free and the first 10,000 new readers of the Magic Makers Club will receive a free print version. The book is designed for third graders and aims to promote a love of reading, coinciding with St. Patrick's Day.