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. (GIS) is a leading global manufacturer of branded consumer foods, offering investors and stakeholders timely access to official corporate developments. This resource provides verified news about financial performance, product innovations, and strategic initiatives across its portfolio of household brands.
Track all essential GIS updates in one location, including earnings reports, leadership changes, sustainability efforts, and market expansions. Our curated collection serves as a reliable reference for analyzing the company's position in the packaged foods sector and broader consumer goods industry.
Discover press releases covering new product launches, retail partnerships, and operational milestones, alongside analyses of emerging trends affecting cereal, snack, and premium food markets. Content is regularly updated to reflect the company's latest public communications.
Bookmark this page for convenient access to General Mills' official announcements and maintain informed perspectives on its business trajectory. Combine this resource with Stock Titan's financial tools for comprehensive market research.
Nature Valley has taken a significant step in environmental sustainability by launching the first store drop-off recyclable wrapper for its Crunchy granola bar, approved by How2Recycle. Partnering with eco-friendly actor Zac Efron and Down to Earth, they aim to promote awareness of recycling practices. With 70% of Americans wanting to reduce plastic waste, this initiative targets 295 million potential recyclers. The company also aims for 100% recyclable packaging by 2025, encouraging other brands to join this movement.
Cheerios is encouraging Canadians to support Team Canada as the Olympic Games approach in under 70 days. Athletes will compete without overseas spectators, making local support crucial. To enhance this initiative, Cheerios is reintroducing its 'Cheer' boxes, allowing Canadians to write personalized messages to athletes aiming for gold. Available on Honey Nut, Multi-Grain, and Yellow Box Cheerios, these Cheer Cards are designed to boost morale and connect Canadians directly with their sports heroes.
General Mills (NYSE: GIS) will present at the BMO Global Farm to Market Conference on May 20, 2021, at 1:40 PM CT. CEO Jeff Harmening will discuss the company’s Accelerate strategy, its business performance, and the proposed acquisition of Tyson Foods' pet treats segment. The event will include a Q&A session with attendees. The presentation can be accessed via webcast on the General Mills investor website, with a replay available after the event. General Mills reported net sales of $17.6 billion in fiscal 2020.
General Mills (NYSE: GIS) has agreed to acquire Tyson Foods’ (NYSE: TSN) pet treats business for $1.2 billion cash, effectively costing $975 million after a $225 million tax benefit. This acquisition includes brands like Nudges, Top Chews, and True Chews, and is aimed at strengthening General Mills' pet platform. The business generated over $240 million in net sales in the past year. Funding will come from cash reserves and short-term borrowings, with expected earnings benefits after the deal closes in Q1 FY 2022.
:ratio has launched a new high-protein dairy snack, :ratio PROTEIN, offering 25G of protein and only 3G of sugar per single-serve cup, the highest protein content in the yogurt aisle. Available in five flavors, it aims to meet consumer health goals and expand the :ratio product line. The snack retails for $1.69 and includes a promotional giveaway of 300 limited-edition Dairy Dumbbells weighing 2.5 lbs. General Mills generated $17.6 billion in net sales for fiscal 2020.
General Mills (NYSE: GIS) is hosting its first-ever ESG investor event on May 25, 2021, via webcast. The event will include a pre-recorded presentation and a live Q&A, focusing on the company's initiatives in environmental sustainability, food security, community strengthening, and inclusion. The session will start at 7:00 a.m. CT and can be accessed at www.generalmills.com/investors. For further insights, attendees can review the 2021 Global Responsibility Report, released on April 22, 2021.
General Mills (NYSE: GIS) released its 2021 Global Responsibility Report, highlighting social and environmental progress for the 2020 fiscal year. Notable achievements include 100% sustainable sourcing of top ten priority ingredients, advancing regenerative agriculture on over 70,000 acres, and enabling 7 billion meals through donations. The report emphasizes commitments to diversity, community support, and environmental sustainability, reinforcing General Mills' mission to positively impact the planet and communities.
301 INC, the venture capital arm of General Mills, is investing up to $20 million in Pots & Co, a London-based food company known for its hand-crafted desserts. This investment aims to enhance Pots & Co's growth strategy, expanding its product range and distribution in the US, particularly on the West Coast and Rocky Mountain region. With significant past growth, from $2.8 million in 2014 to $19.5 million in 2020, this partnership is set to accelerate its US market presence.
General Mills (NYSE: GIS) reported third-quarter results for the period ending February 28, 2021, showing an 8% increase in net sales to $4.5 billion. Organic net sales rose 7%, driven by strong market share gains amid elevated at-home food demand. Net earnings increased 31% to $596 million, with diluted EPS climbing 30% to $0.96. The company announced a proposed divestiture of its European Yoplait operations and resumed share repurchases, indicating a solid balance sheet. General Mills aims to capitalize on ongoing consumer demand shifts with its Accelerate strategy.
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