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.
General Mills has announced the early participation results of its Exchange Offer for four series of notes. As of January 21, 2021, the company reported valid tendered amounts totaling $115.9 million for 5.400% Notes due 2040, $202.4 million for 4.700% Notes due 2048, $215.3 million for 4.550% Notes due 2038, and $64.8 million for 4.150% Notes due 2043. The Exchange Offer will close on February 4, 2021. General Mills has increased the exchange consideration by $30 for each $1,000 of existing notes tendered after the early participation time, ensuring equal consideration for all validly tendered notes.
Nature Valley, the leading granola bar brand, has launched Protein Crunch bars featuring 10 grams of protein and a unique creamy, crunchy texture. This new product targets consumer demand for tasty, affordable protein snacks. Available in Peanut Butter and Chocolate Peanut Butter flavors, the bars contain no artificial ingredients. Priced at $4.49 for a five-count box, they are accessible in retail locations nationwide. Nature Valley continues its commitment to wholesome ingredients, reinforcing its brand legacy since 1975.
General Mills (NYSE: GIS) has initiated an Exchange Offer to swap existing notes for new notes due 2051, with a total value not exceeding $750 million. The offer includes four series of existing notes totaling $2.1 billion and is contingent on at least $300 million in valid tenders. The deal features an early participation payment of $30 per $1,000 of existing notes and will close on February 4, 2021. Participation is limited to qualified institutional buyers and accredited investors, ensuring compliance with regulatory standards.
General Mills and got milk? have launched a historic partnership to promote the benefits of cereal and milk together. Limited-edition packaging featuring popular cereal characters will highlight this initiative. Key benefits include health: cereals provide whole grains, fiber, and essential vitamins, while milk is a top calcium source. Affordability: A serving costs around $0.50. Simplicity: The combination offers a quick breakfast solution. Additionally, the partnership includes coupons and digital rebates to further enhance affordability.
The 2021 Dr. Martin Luther King, Jr. Holiday Breakfast, hosted by General Mills and UNCF, will feature Dr. Bernice King and Ambassador Andrew Young discussing Dr. King's legacy and social justice issues. The event, themed 'Our Rising Voices: A Call for Bold Social Action,' takes place on January 18, 2021, at 9 a.m. CST. Proceeds will support UNCF scholarships for local students. This annual event, running since 1991, reiterates the importance of education and social change, reflecting on Dr. King's teachings and the urgent need for community action.
Cheerios has remade its iconic 1999 holiday ad due to heightened consumer engagement on TikTok. The new ad emphasizes the importance of connecting with loved ones during a challenging holiday season. Originally featuring a grandmother and granddaughter, the updated version adapts to 2020 realities while maintaining the emotional essence. The remaking decision was influenced by heartfelt TikTok responses, and the production adhered to COVID-19 safety guidelines. General Mills, the parent company, reported $17.6 billion in net sales for fiscal 2020.
General Mills (GIS) reported Q2 results for the fiscal year ending November 29, 2020, with net sales increasing 7% to $4.7 billion. Organic net sales also rose 7%, supported by market share gains due to increased at-home food consumption amid the pandemic. The company saw a 19% increase in net earnings to $688 million and diluted EPS grew 17% to $1.11. Adjusted operating profit increased 6% in constant currency, with a margin of 18.3%. Despite strong performance, General Mills refrained from providing a full-year outlook given the uncertain impact of COVID-19.
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