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.
General Mills, Inc. (NYSE: GIS) is set to report its fiscal 2022 third quarter results on March 23, 2022. A press release, management remarks, and slides will be available that morning, followed by a webcast Q&A session at 8:00 a.m. CT. The company emphasizes its commitment to driving shareholder value through its Accelerate strategy, focusing on brand building and innovation. General Mills generated $18.1 billion in net sales in fiscal 2021, in addition to $1.1 billion from non-consolidated joint ventures.
General Mills is launching a new children's book titled The Magic Inside, featuring Lucky from Lucky Charms. The book tells Lucky's coming-of-age story and will be celebrated with a live reading and Q&A by actor Taye Diggs on Instagram on March 2 at 5pm PST. Families can access the book digitally for free and the first 10,000 new readers of the Magic Makers Club will receive a free print version. The book is designed for third graders and aims to promote a love of reading, coinciding with St. Patrick's Day.
General Mills announces the opening of The Taco Shop by Old El Paso in partnership with the LeBron James Family Foundation at House Three Thirty, aimed at supporting community job training and engagement. Set to open next year, the restaurant will serve a variety of menu items inspired by family recipes, including tacos and burritos. The initiative extends the longstanding collaboration between Old El Paso and LJFF, enhancing their commitment to family and community support through programming for I PROMISE families and local residents.
General Mills reaffirmed its fiscal 2022 guidance during the CAGNY 2022 Conference, emphasizing its Accelerate strategy aimed at profitable growth and shareholder returns. Key initiatives include portfolio reshaping through strategic acquisitions like Blue Buffalo and divestitures in Europe. The company expects organic net sales growth of 4-5% and adjusted operating profit to decline by 1-4%. Additionally, supply shortages in North America are anticipated to impact short-term performance, with a focus on addressing these issues to enhance future growth.
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General Mills (NYSE: GIS) announced its executives will speak at the Consumer Analyst Group of New York Conference on February 22, 2022. CEO Jeff Harmening, Dana McNabb (Chief Strategy and Growth Officer), and Kofi Bruce (CFO) will present a pre-recorded session starting at 7:00am CT. A replay will be available on their investor website after the event. General Mills, headquartered in Minneapolis, generated $18.1 billion in net sales for fiscal 2021, with an additional $1.1 billion from joint ventures.
General Mills has achieved a perfect score of 100 on the Human Rights Campaign Foundation’s 2022 Corporate Equality Index for the 16th consecutive year, highlighting its commitment to LGBTQ+ workplace equality. The company supports inclusive policies and offers programs through its employee network, Betty’s Family, which engaged over 1,000 employees in various initiatives. General Mills maintains a focus on creating equitable workplaces, guided by its Accelerate strategy that emphasizes brand building and innovation. The full report is accessible online.
General Mills (NYSE: GIS) announces the retirement of Richard Allendorf as senior vice president, general counsel, and secretary, effective August 2022. Allendorf, who joined the company in 1998, has significantly impacted the organization through his strategic legal counsel and leadership. CEO Jeff Harmening commended Allendorf's contributions, highlighting his role in fostering a culture of inclusion and supporting the board of directors. General Mills, headquartered in Minneapolis, reported net sales of $18.1 billion in fiscal 2021, underscoring its position in the food industry.
General Mills is celebrating American Heart Month by reintroducing heart-shaped Cheerios to promote a heart-healthy lifestyle. Partnering with Buzz Bee and Ice-T, the brand is launching the 'Pour Your Heart Into It' workout series to encourage fun and engaging physical activity. Cheerios will feature limited-edition heart shapes across flavors and offer promotional giveaways. The campaign emphasizes the importance of diet and exercise as enjoyable elements of a healthy routine, especially amid rising heart disease concerns in the U.S.
The Board of Directors of General Mills (NYSE: GIS) has declared a quarterly dividend of $0.51 per share, payable on May 2, 2022, to shareholders on record as of April 8, 2022. This marks 123 years of uninterrupted dividend payments from the company. For fiscal 2021, General Mills reported net sales of $18.1 billion, with an additional $1.1 billion from non-consolidated joint ventures. The company's strategy focuses on brand growth and shareholder value.