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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 is launching exciting, limited-edition products inspired by the release of Marvel Studios’ ‘Guardians of the Galaxy Vol. 3’ on May 5. The collection includes collectible cereal boxes featuring popular mascots dressed in Guardians-themed outfits, special cereal bars, and a new Groot-Gurt snack. Featured cereals include Cinnamon Toast Crunch, Honey Nut Cheerios, and REESE’S PUFFS.
Additionally, Walmart will offer exclusive kits with all six cereal boxes and a pin set for $59.98 starting May 3. This collaboration follows previous successful launches with Marvel, such as the Cinnamon Toast Crunch Spider-Man boxes and Loki Charms. General Mills aims to enhance fan engagement through this partnership, focusing on driving shareholder value while delivering products that resonate with consumers.
General Mills (GIS) reported a 13% increase in net sales, totaling $5.1 billion, with organic net sales rising 16%. Operating profit decreased 10% to $730 million, while adjusted operating profit increased 20% in constant currency. The diluted EPS of $0.92 declined 15%, though adjusted diluted EPS rose 17% in constant currency to $0.97. The company raised its fiscal 2023 outlook, expecting organic net sales growth of 10-11% and adjusted diluted EPS growth of 8-9% in constant currency. Despite ongoing challenges, General Mills aims to sustain growth through brand investment and innovation.
Cinnamon Toast Crunch is launching limited-edition Cinnamoji Toast Crunch boxes in collaboration with WWE, featuring Rey Mysterio for WrestleMania 39. The cereal will be available on Walmart.com starting this month, while supplies last. Fans can also construct a popup wrestling ring from the cereal box. This initiative includes a live Cinnamoji performance at WrestleMania 39 on April 1-2 at SoFi Stadium in Los Angeles. General Mills aims to enhance brand visibility through this partnership, building excitement among fans by combining the fun of cereal with the thrill of wrestling.
General Mills has launched the "Fall Off Forgiveness" program through its Fiber One brand to support Americans struggling to maintain health resolutions. A survey found that 60% of people abandon their wellness goals by March, but 82% would recommit to them.
The program offers a chance to win a year’s supply of Fiber One products by filing a claim during March. This initiative aims to provide encouragement and promote fiber-rich choices without guilt. Partnered with actress Lisa Ann Walter, the campaign emphasizes a fun approach to achieving health goals while indulging occasionally.
General Mills, Inc. (NYSE: GIS) is set to announce its fiscal 2023 third quarter results on March 23, 2023. A press release, along with pre-recorded remarks and supporting materials, will be available that morning, followed by a webcasted Q&A session at 8 a.m. CT. Stakeholders are encouraged to access relevant materials on the company’s investor relations website. In fiscal 2022, General Mills reported net sales of $19.0 billion and an additional $1.1 billion in non-consolidated joint venture net sales. The company aims to enhance shareholder value through its Accelerate strategy, focusing on brand development and innovation.
Blue Buffalo, a leading natural pet food company, announced a partnership with actress Angela Kinsey to help cat parents manage their cats' nighttime activities, impacting their sleep. A study revealed that 80% of cat parents find their cats active at night, with 47% reporting disrupted sleep. Kinsey shares tips for cat parents, such as playing with cats before bedtime and adjusting meal times. The promotion highlights Blue Buffalo’s BLUE Tastefuls™ cat food, which uses high-quality, natural ingredients without artificial flavors or preservatives. The brand emphasizes its commitment to nutritious pet food.
General Mills (NYSE: GIS) raised its fiscal 2023 guidance during the CAGNY 2023 Conference, citing strong market performance and an effective Accelerate strategy aimed at achieving profitable growth and top-tier shareholder returns. The company anticipates organic net sales growth of approximately 10% and adjusted operating profit growth of 6-7% in constant currency. Key growth segments include North America Retail and the rapidly expanding Pet Food business, with plans for further innovation and portfolio reshaping. Total returns to shareholders have shown consistent growth, reinforcing the company's commitment to delivering value.
General Mills (NYSE: GIS) announced that CEO Jeff Harmening and CFO Kofi Bruce will speak at the Consumer Analyst Group of New York Conference on February 21, 2023, in Boca Raton, Florida. The live webcast begins at 7 a.m. CT, with a replay available on their investor relations website. General Mills, headquartered in Minneapolis, generated $19.0 billion in net sales for fiscal 2022, with an additional $1.1 billion from joint ventures. The company is committed to enhancing shareholder value through its Accelerate strategy, focusing on brand building, innovation, and sustainability.
General Mills is promoting heart health for American Heart Month by reviving its heart-shaped Cheerios for the fourth consecutive year. The campaign features celebrity friends Leslie David Baker and Phyllis Smith, encouraging conversations about heart health over breakfast. Given that over 100 million Americans have heart disease, Cheerios highlights the benefits of a heart-healthy diet and aims to make discussions about health enjoyable. The limited-edition boxes are available nationwide and come with a rebate offer for a second box. Cheerios continues to focus on innovation and community engagement to support heart health awareness.
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