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General Mills, Inc. - GIS STOCK NEWS

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. (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.

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General Mills, Inc. (GIS) to Report Fiscal 2024 Second Quarter Results on Dec. 20, 2023
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General Mills (NYSE: GIS) Declares Quarterly Dividend of $0.59 per Share, Continuing 125-Year Dividend Payment Streak
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General Mills, Inc. (NYSE: GIS) announced the acquisition of Fera Pets, Inc., a vet-founded pet supplement company, to bring new health-focused offerings to its pet portfolio. Fera Pets, Inc. will join General Mills’ new growth equity fund to accelerate disruptive innovation in the pet food ecosystem, targeting the rising trend of pet wellbeing. The acquisition aims to meet the increasing demand for high-quality and science-backed pet supplement products, catering to the humanization of pet care.
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Mott’s Fruit Flavored Snacks is launching Snacks & Stories, a book redemption program in partnership with Penguin Random House to celebrate culture, family, and community. Families who purchase one box of Mott’s Fruit Flavored Snacks and redeem their receipt can receive one of 16 children’s books that celebrate multiculturalism. The program aims to provide access to books for families living in book deserts with limited access to books. Mott’s has also launched the Mott’s Snacks & Stories Mobile Library, which will travel to book deserts across the U.S. to share stories and encourage reading.
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General Mills, Walmart, and Sam's Club collaborate to accelerate the adoption of regenerative agriculture on 600,000 acres by 2030
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General Mills declares a quarterly dividend of $0.59 per share, payable on November 1, 2023. The company has a history of uninterrupted dividend payments for 125 years.
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General Mills reports Q1 results with net sales of $4.9 billion, up 4% and organic net sales also up 4%. Operating profit down 14%, adjusted operating profit up 2% in constant currency. Diluted EPS down 16%, adjusted diluted EPS down 1% in constant currency. Reaffirms full-year fiscal 2024 outlook.
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General Mills reaffirms full-year financial outlook for fiscal 2024 with expected increases in organic net sales, adjusted operating profit, and adjusted diluted EPS. The company expects NAR volume trends to improve in the remainder of fiscal 2024. Pet segment organic net sales expected to be flat in Q1. International segment expected to generate organic net sales growth above company average in Q1. General Mills plans to increase quarterly dividend rate by 9 percent. The company targets reducing average net shares outstanding by roughly 2 percent in fiscal 2024 through share repurchases.
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Old El Paso teams up with the Watt brothers to upgrade game day food options
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General Mills plans to report results for its fiscal 2024 Q1 on Sept. 20, 2023. Interested parties can access the materials and webcast at www.generalmills.com/investors.
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FAQ

What is the current stock price of General Mills (GIS)?

The current stock price of General Mills (GIS) is $60.89 as of January 7, 2025.

What is the market cap of General Mills (GIS)?

The market cap of General Mills (GIS) is approximately 34.0B.

What does General Mills, Inc. do?

General Mills, Inc. is a global food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes, pet food, and superpremium ice cream.

Where is General Mills headquartered?

General Mills is headquartered in Minneapolis, Minnesota, USA.

Which are some of the key brands owned by General Mills?

Some key brands include Cheerios, Yoplait, Betty Crocker, Pillsbury, Häagen-Dazs, Nature Valley, and Blue Buffalo.

What percentage of General Mills' revenue comes from the United States?

81% of General Mills' revenue in fiscal 2023 was derived from the United States.

Does General Mills operate internationally?

Yes, General Mills operates in Canada, Europe, Australia, Asia, and Latin America.

What recent achievements has General Mills made?

Recent achievements include expanding the Blue Buffalo pet food line and investing in sustainable sourcing and production techniques.

What sectors does General Mills sell its products to?

General Mills sells its products through retail stores, foodservice channels, and the commercial baking industry.

How does General Mills address environmental sustainability?

General Mills has invested in sustainable sourcing and production techniques to ensure long-term environmental stewardship.

What is General Mills' focus in terms of product development?

General Mills focuses on health-oriented products to meet the growing consumer demand for nutritious and convenient food options.

How extensive is General Mills' product portfolio?

General Mills markets over 100 consumer brands and produces a wide range of food products.
General Mills, Inc.

NYSE:GIS

GIS Rankings

GIS Stock Data

34.05B
549.50M
0.26%
79.6%
3.82%
Packaged Foods
Grain Mill Products
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United States of America
MINNEAPOLIS