General Mills Stock Price, News & Analysis

General Mills (NYSE: GIS) has released its annual Global Responsibility Report, showcasing progress made from June 1, 2021, to May 31, 2022, in three critical areas: Planet, People, and Food. The company is committed to reducing greenhouse gas emissions by 30% by 2030 and achieving net-zero emissions by 2050. This year, General Mills reduced emissions from its owned operations by 49%, exceeding its 2030 targets. In terms of diversity, the company has increased representation of people of color in officer positions to 29% and maintained female representation at 50%. Additionally, General Mills is the largest producer of natural and organic packaged food in the U.S., with 40% of its global volume meeting Nutrition-Forward criteria. The report emphasizes the company's commitment to sustainability and social responsibility.

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.