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.
General Mills (GIS) announced pricing and acceptance results for cash tender offers covering six series of senior notes, with all applicable conditions satisfied or waived.
Accepted principal amounts were $196,704,000 of 3.000% notes due 2051, $86,471,000 of 4.150% notes due 2043, $91,589,000 of 4.700% notes due 2048, $290,082,000 of 2.250% notes due 2031, $79,047,000 of 4.550% notes due 2038 and $185,131,000 of 2.875% notes due 2030. Purchase prices range from $605.13 to $922.76 per $1,000 principal for these series.
The first five series had all tendered principal accepted. The 2030 notes had an approximate 51.55% proration factor; no 5.400% notes due 2040 were accepted. The offers expired October 9, 2026. Holders of accepted notes will also receive accrued interest on October 14, 2026.
General Mills (GIS) has been named to Forbes’ World’s Best Employers 2026 list, an award presented by Forbes and Statista.
The list recognizes 900 companies globally, based on an independent survey of more than 300,000 employees across 50 countries. Participants worked for multinational companies with at least 1,000 workers and rated employer recommendations and workplace criteria.
General Mills (GIS) brand Pillsbury is partnering with Chain to open a limited-time sandwich shop from October 8 through November 6.
The Short King Sandwich Shoppe at Westfield Topanga in Los Angeles will feature four biscuit sandwiches inspired by the Pillsbury Doughboy. Limited-edition merchandise will be available at the shop and online nationwide, with recipes also available for home cooks. The collaboration accompanies growth in Pillsbury’s refrigerated dough portfolio, including cookies and biscuits reaching more households.
General Mills (NYSE: GIS) launched seven cash tender offers to repurchase senior notes for aggregate consideration of up to $750,000,000. The offers cover notes maturing from 2030 through 2051. A combined $250,000,000 sub-cap applies to the 4.550% notes due 2038, 2.875% notes due 2030 and 5.400% notes due 2040. Acceptance follows a ranked priority order and may involve proportional allocation when tenders exceed applicable limits.
Prices per $1,000 principal amount will use the applicable U.S. Treasury reference yield plus a fixed spread, determined at 3:00 p.m. New York City time on October 9, 2026. The offers expire at 5:00 p.m. that day, unless extended or earlier terminated; withdrawals are permitted through expiration. General Mills expects settlement on October 14, 2026. Accepted holders also receive accrued unpaid interest, excluded from the purchase cap.
General Mills (GIS) has elected Dana McNabb as chief executive officer, succeeding Jeff Harmening effective January 1, 2027. Harmening will become executive chair of the board on the same date. The board unanimously elected McNabb, who currently serves as chief operating officer.
McNabb has spent 27 years at General Mills and currently leads all four operating segments and key operating functions. She identified returning the company to profitable growth as her priority, with plans to build digitally enabled demand generation and modernize the supply chain. The leadership transition follows a multi-year succession planning process.
General Mills (NYSE: GIS) declared a quarterly dividend of $0.61 per share, payable on November 2, 2026. Shareholders of record as of October 13, 2026, qualify for the payment. The dividend remains at the prevailing rate. General Mills and its predecessor have paid dividends without interruption for 128 years.
General Mills (GIS) is marking Betty Crocker's 105th birthday in October 2026 with a month of events at MUSEUM OF ICE CREAM.
All five U.S. locations—Las Vegas, New York City, Miami, Boston and Chicago—will serve Betty's Birthday Cake Ice Cream, inspired by Betty Crocker Yellow Cake Mix and Chocolate Frosting. The flavor contains yellow cake pieces and fudge swirls. The museums will also feature Betty Crocker-themed rooms and photo displays. A cake-decorating workshop with Christina Tosi is scheduled in New York City on October 14, followed by a birthday party at the Las Vegas location on October 21.
General Mills (GIS) reported fiscal 2027 first-quarter results with net sales of $4.4 billion, down 3 percent, and reaffirmed its full-year outlook.
Organic net sales were flat as higher prices offset a 1-point volume decline and a 3-point divestiture headwind. Reported operating profit fell 63 percent to $634 million, primarily due to a $1.05 billion yogurt divestiture gain a year ago, while adjusted operating profit of $634 million declined 11 percent in constant currency. Diluted EPS dropped 67 percent to $0.74, and adjusted diluted EPS of $0.75 decreased 13 percent in constant currency.
North America Retail and Pet segment operating profit fell 15 percent and 12 percent, respectively, while Foodservice and International grew 12 percent and 14 percent. Operating cash flow declined to $298 million, and there were no share repurchases versus $500 million a year earlier. The company still targets fiscal 2027 adjusted EPS of $3.00 to $3.20 and at least $750 million of productivity savings.
General Mills (GIS), via its Old El Paso brand, has been named title sponsor of the historic Sun Bowl college football game in El Paso.
The game will be renamed the Old El Paso Sun Bowl/b), with the 93rd edition scheduled for December 31, 2026, kicking off at 2pm ET/12pm MT and airing live on CBS. This year’s matchup will feature universities from the ACC and Legacy Pac-12 Conferences. The partnership connects Old El Paso back to its 1917 El Paso roots and was brokered by THE·TEAM, which represents the Sun Bowl Association’s commercial rights. General Mills reports fiscal 2026 net sales of $18 billion and $1 billion from non-consolidated joint ventures.
General Mills (GIS), through its Old El Paso brand, is launching its first Tex-Mex inspired broth varieties and two new canned soups, which are available now at retailers nationwide.
The broth lineup features 32 oz Birria Style Beef Broth and Chicken Tinga Style Broth, both gluten free and made with no artificial flavors, positioned as versatile bases for grains, pasta, ramen, soups, sauces and stews. The canned soups, Chipotle Steak Burrito Style Soup and Cheesy Beef Taco Style Soup, are ready in minutes, provide about 12–16 grams of protein per can, and are also gluten free with no artificial flavors. General Mills reports fiscal 2026 net sales of $18 billion, plus $1 billion in joint venture net sales.