General Mills Stock Price, News & Analysis

General Mills announces its participation in the 33rd annual Dr. Martin Luther King Jr. Holiday Breakfast, marking its return to in-person celebrations in Minneapolis after a hiatus since 2020. Scheduled for January 16, 2023, the hybrid event aims to raise funds for under-represented students in the Twin Cities. Keynote remarks will be delivered by former U.S. Presidential advisor Valerie Jarrett. The event theme is "Keep Moving Forward," reflecting Dr. King’s legacy. Proceeds support the UNCF Twin Cities' scholarships for local students attending HBCUs. General Mills has contributed nearly $7 million over the years.

General Mills reported a 4% increase in net sales for the second quarter, reaching $5.2 billion, with organic net sales growth of 11%. Operating profit remained stable at $800 million, while diluted EPS rose 4% to $1.01. The company raised its fiscal 2023 outlook, expecting organic net sales to grow by 8-9% and adjusted EPS to increase by 4-6% in constant currency. The strong results were supported by effective brand-building and innovation strategies, despite challenges from input cost inflation and supply chain disruptions.

General Mills, Inc. (NYSE: GIS) will report its fiscal 2023 second quarter results on Dec. 20, 2022. A press release, pre-recorded management remarks, and supporting slides will be available that morning, followed by a webcasted Q&A session at 8 a.m. CT. Interested parties can access the materials and the webcast via www.generalmills.com/investors.

In fiscal 2022, General Mills generated net sales of $19.0 billion and an additional $1.1 billion from non-consolidated joint ventures.

Pet parents are increasingly aware of their dogs' dietary needs, as digestive issues and skin sensitivities are common reasons for veterinary visits. Blue Buffalo, a leader in natural pet food, aims to educate dog owners about recognizing dietary problems and offers solutions. Dr. Evan Antin emphasizes that nutritional changes can improve pet health. Recommended strategies include ensuring hydration, providing gentle foods, and considering limited ingredient diets like BLUE Basics and specialized formulas like BLUE True Solutions. These approaches help dogs manage digestive and skin issues effectively.

The Board of General Mills has declared a quarterly dividend of $0.54 per share, payable on February 1, 2023, to shareholders of record as of January 10, 2023. General Mills has a long-standing history of paying dividends without interruption for 124 years. In fiscal 2022, the company reported net sales of $19.0 billion and an additional $1.1 billion from non-consolidated joint ventures. This commitment to shareholder value is part of their continued strategy to innovate and strengthen brand presence.

REESE’S PUFFS has teamed up with designer Yoon Ahn and her brand AMBUSH to launch a unique breakfast experience called The Next Breakfast Dimension in New York City on November 16. The event will showcase the CHROME PUFF, a limited-edition fashion accessory that doubles as a cereal bowl, available for $149.99. Starting November 17, fans can purchase the accessory and a collectible cereal box for $49.99 and enter the Breakfastverse, an online interactive experience. This collaboration aims to redefine breakfast culture.

Pillsbury expands its partnership with Operation Homefront to support military families, announcing a new transitional home in Fort Worth and a nationwide donation campaign. This initiative includes a $1 donation for every Pillsbury product purchased via Instacart until November 10, aiming to raise up to $30,000. Since 2020, Pillsbury has invested over $5.6 million in support of military families, enabling the purchase of five homes through the Transitional Homes for Veterans program.