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. 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.
The Board of Directors of General Mills has declared a quarterly dividend of $0.54 per share, payable on November 1, 2022 to shareholders recorded by October 10, 2022. This dividend marks 124 years of uninterrupted payments by the company. In fiscal 2022, General Mills reported net sales of $19.0 billion, alongside $1.1 billion from non-consolidated joint ventures, reflecting the company's commitment to building value and innovation in its extensive brand portfolio.
General Mills (GIS) reported a 4% increase in net sales to $4.7 billion for the first quarter ended August 28, 2022. Organic net sales rose 10%, driven by positive price realization despite a voluntary recall affecting Häagen-Dazs products. Operating profit surged 29% to $1.1 billion, while diluted EPS climbed 32% to $1.35. The company is raising its fiscal 2023 outlook, projecting organic net sales growth of 6-7% and adjusted diluted EPS growth of 2-5%. However, inflationary pressures and supply chain disruptions remain concerns.
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General Mills (NYSE: GIS) will report its fiscal 2023 Q1 results on September 21, 2022. The company intends to release a press statement, along with management comments and slides, followed by a Q&A session at 8:00 a.m. CT. Interested individuals can access the details and webcast through www.generalmills.com/investors. For fiscal 2022, General Mills reported net sales of $19.0 billion with additional joint venture net sales of $1.1 billion.
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Old El Paso™ has launched new Tortilla Pockets, designed for a mess-free taco night experience. These soft flour tortillas feature a sealed bottom for easy filling, allowing families to customize their tacos without the mess. The product is endorsed by Ali Fedotowsky-Manno, who emphasizes the fun of interactive mealtimes with children. Tortilla Pockets are available nationwide in an eight-pack or as part of a kit that includes taco seasoning and sauce. General Mills, the parent company, reported net sales of $19.0 billion in fiscal 2022.
General Mills (NYSE: GIS) announced that CEO Jeff Harmening will present at the Barclays Global Consumer Staples Conference on September 6, 2022, from 12:00 to 12:40 PM CT. A webcast and replay will be available at www.generalmills.com/investors. In fiscal 2022, General Mills reported net sales of $19 billion and $1.1 billion from non-consolidated joint ventures, emphasizing its commitment to building strong brands and innovation.
Oui by Yoplait launches a new initiative encouraging women to "Say Oui" to self-care through a partnership with Hello Sunshine and Eve Rodsky. This collaboration features a video series promoting creative expression, highlighting women like Tonia, Natalie, and Rachel who prioritize their passions. The brand also announces updated yogurt recipes with 20% more fruit, enhancing its creamy texture. General Mills, the parent company, generated $19 billion in sales last fiscal year, aiming to further boost shareholder value through innovative strategies.
Yoplait, in collaboration with Box Tops for Education, is renovating the library at Dolores Huerta Elementary School in Lennox, California. This initiative aims to empower women and enhance students' educational experiences. Principal Maria Castellanos is pivotal in this effort, ensuring students thrive even post-pandemic. The renovated library will feature an amphitheater, a reading corner, and diverse books, many in Spanish. Yoplait encourages consumers to support local schools through Box Tops to help fund educational resources.