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) generates a steady stream of news across its broad portfolio of food brands, making its news flow relevant to investors, consumers, and industry observers. The company’s releases highlight product launches, brand collaborations, marketing campaigns, recalls, and financial results, all tied to its stated purpose of "Making Food the World Loves" and its Accelerate strategy.
Recent news showcases how General Mills activates its brands in the marketplace. Progresso introduced limited-edition Soup Drops, described as "the soup you can suck on," with flavors inspired by classic soups like Chicken Noodle and Tomato Basil. Pillsbury continues its long-running Pillsbury Bake-Off Contest, with finalists competing for a grand prize and recipes built around Pillsbury dough products. Reese’s Puffs cereal expanded with a Dark Chocolate Naturally Flavored variety, while Wheaties released a limited-edition Marty Supreme box in collaboration with A24.
Beyond product news, General Mills issues updates on earnings and outlook, such as its fiscal 2026 second-quarter results and commentary on segment performance in North America Retail, North America Pet, North America Foodservice, and International. The company also communicates about promotional campaigns, including a "Tastes Like a Touchdown" game day promotion featuring Justin Jefferson and Terry Crews, and initiatives like Cascadian Farm’s use of Kernza in organic cereals.
Safety and quality-related announcements, such as the voluntary recall of select Pillsbury Pizza Pops products in Canada due to potential pathogenic E. coli, are also part of the news flow. For anyone following GIS, this news page provides a centralized view of product innovation, brand activity, financial updates, and risk-related disclosures drawn from General Mills’ own press releases.
Eagle Foods has successfully acquired the Helper and Suddenly Salad brands from General Mills (NYSE: GIS) as of July 5, 2022. This strategic acquisition, first announced on May 25, aims to diversify Eagle's food offerings and enhance its center store category for retailers. CEO Bernard Kreilmann highlights a commitment to growth by investing in category development, R&D, and marketing, aiming to provide families with more convenient meal options. The acquisition adds to Eagle's existing platforms in snacks, baking, and meals.
General Mills has finalized the sale of its Helper main meals and Suddenly Salad side dishes businesses to Eagle Family Foods Group for approximately $610 million. This deal includes brands that generated net sales of about $235 million in fiscal 2021. General Mills has already incorporated this transaction into its Fiscal 2023 guidance shared on June 29, 2022. The company, headquartered in Minneapolis, reported fiscal 2022 net sales of $19.0 billion.
General Mills declared a 6% dividend increase reflecting confidence in its performance. For the full year, net sales rose 5% to $19 billion, while operating profit increased 11% to $3.5 billion. In the fourth quarter, net sales jumped 8% to $4.9 billion and diluted EPS surged 98% to $1.35. The company anticipates 4%-5% organic net sales growth in fiscal 2023, despite headwinds from inflation and supply chain issues. Strategic acquisitions and divestitures aim to enhance growth, although they may reduce EPS growth by 3%.
General Mills (NYSE: GIS) has successfully acquired TNT Crust, a leading manufacturer of frozen pizza crusts, previously owned by Peak Rock Capital. TNT Crust has shown remarkable growth, achieving approximately
An affiliate of Peak Rock Capital has completed the sale of TNT Crust LLC to General Mills (NYSE: GIS). TNT, known for its better-for-you pizza crusts, caters to a diverse clientele, including national pizza chains and foodservice distributors. Under Peak Rock's ownership since late 2018, TNT has enhanced its manufacturing capabilities and launched new product lines. The transaction reflects Peak Rock's strategy to support growth in consumer sectors. The new production facility in St. Charles is expected to create over 100 jobs.
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General Mills has partnered with Regrow Agriculture to monitor the environmental impacts of agricultural practices across 175 million acres of farmland in North America, Europe, and South America. This initiative supports General Mills' goal of advancing regenerative agriculture on one million acres by 2030 and reducing greenhouse gas emissions by 30% within its value chain by 2030. The collaboration utilizes Regrow's technology, including satellite imagery and data modeling, to enhance climate tracking and improve emissions baselines, contributing to the company's net-zero emissions target by 2050.
General Mills has announced a multi-year roadmap with the Ecosystem Services Market Consortium (ESMC) to enhance the Eco-Harvest program, which rewards farmers for engaging in regenerative agriculture. Initial funding of
General Mills is launching a new snack, the Totino’s FaZe Clan Buffalo Chicken Pizza Rolls, in collaboration with FaZe Clan. This fan-requested flavor will be available starting in July, following a preview event from June 3-5 in Los Angeles. Having built on a successful first year of partnership, the new product aims to cater to gaming enthusiasts. This initiative aligns with General Mills' strategy to innovate and respond to consumer demand, enhancing their brand's engagement with younger audiences.
General Mills, Inc. (NYSE: GIS) is scheduled to report its fiscal 2022 fourth quarter and full-year results on June 29, 2022. A press release, along with pre-recorded management remarks and supporting slides, will be available that morning, followed by a webcasted Q&A session at 8:00 a.m. CT. The webcast and related materials can be accessed at www.generalmills.com/investors.
In fiscal 2021, General Mills reported net sales of $18.1 billion and non-consolidated joint venture net sales of $1.1 billion.