General Mills Stock Price, News & Analysis

General Mills and Chiquita are promoting affordable nutrition with their campaign 'Go Bananas for Breakfast!'. A balanced breakfast of Big G cereal, a Chiquita banana, and Yoplait yogurt costs just over $1. This meal provides key nutrients, including 12+ grams of whole grain, 30% DV of Calcium, 25% DV of Vitamin D, and 15% DV of Potassium. The campaign encourages families to enjoy nutritious meals without high costs and offers savings up to $6 through digital rebates and coupons.

General Mills reported a 6% increase in net sales to $5.0 billion for Q2 2022, while organic net sales rose 5%. However, operating profit fell 13% to $800 million, mainly due to input cost inflation and supply chain disruptions. Diluted EPS was $0.97, down 13%. The company updated its fiscal 2022 outlook, anticipating organic net sales growth of 4-5% and constant-currency adjusted operating profit decline of 1-4%, impacted by higher costs and the divestiture of European Yoplait.

General Mills has appointed Doug Martin as the new chief brand and disruptive growth officer, effective January 3, 2022. Martin, who has been with the company for 15 years, previously led its North America Dairy unit and has been responsible for successful brand innovations. In his new role, he will oversee global brand building and emergent business innovation. Dana McNabb, chief strategy and growth officer, emphasized the importance of combining brand and growth leadership to enhance relevance and drive long-term growth.

General Mills and UNCF will host the 2022 Annual Dr. Martin Luther King Jr. Holiday Breakfast on January 17, 2022, from 8:45 a.m. - 10:30 a.m. CST. Keynote speaker Laura Coates will lead a discussion aimed at motivating action towards racial equity. The event's proceeds support scholarships for local students. General Mills has committed over $6.7 million to UNCF since 1991, benefiting HBCU students. The virtual gathering promises to celebrate Dr. King's legacy while encouraging community engagement.

General Mills (NYSE: GIS) has achieved a prestigious double ‘A’ score from the global environmental non-profit CDP, recognizing its efforts in climate change and water security. As one of the few North American companies in the Food & Beverage sector to receive this accolade, General Mills has demonstrated leadership and transparency in reducing greenhouse gas emissions and promoting sustainable water management. The company has a strong track record, being the first to publish a full value chain climate goal approved by the Science Based Targets initiative in 2015.

General Mills (NYSE: GIS) announced the retirement of John Church, chief transformation and enterprise services officer, effective January 31, 2022. Church has been with the company since 1988 and led key transformation efforts, including the integration of Pillsbury's logistics. He also contributed to sustainability and diversity initiatives. Under the Accelerate strategy, General Mills aims to create shareholder value and reported $18.1 billion in net sales for fiscal 2021.

General Mills, Inc. (NYSE: GIS) is set to report its fiscal 2022 second-quarter results on December 21, 2021. The announcement will include a press release, pre-recorded management remarks, and supporting slides, followed by a webcasted Q&A session at 8:00 a.m. CT. In fiscal 2021, the company achieved $18.1 billion in net sales, with an additional $1.1 billion from non-consolidated joint ventures. The firm operates under an Accelerate strategy aimed at enhancing shareholder value through brand building and innovation.

General Mills has finalized the sale of its 51% controlling interest in European Yoplait operations to Sodiaal, a move initially announced on March 23, 2021. In conjunction with this transaction, General Mills has gained full ownership of the Canadian Yoplait business and will now benefit from a lower royalty rate for the Yoplait and Liberté brands in the U.S. and Canada. This divestiture aligns with General Mills' Accelerate strategy aimed at enhancing shareholder returns through focused brand management and innovation.