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.
EPIC has launched its first Beef Barbacoa-Inspired Bar made from beef raised using regenerative farming practices aimed at reducing carbon emissions. This product carries the Savory Institute's Land to Market™ Ecological Outcome Verification™ Seal, highlighting EPIC’s commitment to sustainability. The beef is sourced from White Oak Pastures, offsetting 80% of its greenhouse gas emissions. Priced at $2.99 each, the bar is available at Whole Foods and EPIC's website, promoting consumer support for regenerative agriculture and improved soil health.
General Mills (NYSE: GIS) is set to announce its fiscal 2021 third quarter results on March 24, 2021. The announcement will include a press release, pre-recorded management remarks, and supporting slides, all available that morning. A webcast Q&A session is scheduled for 8:00 a.m. CT. General Mills, headquartered in Minneapolis, generated U.S. $17.6 billion in net sales for fiscal 2020, with an additional U.S. $1.0 billion from non-consolidated joint venture sales.
Lucky Charms is launching a special Green Milk Turn Lucky Charms cereal to celebrate St. Patrick’s Day, featuring clover charms that turn milk green. This limited-edition product will be available at major retailers for $3.33 while supplies last. In collaboration with Hasbro, a special edition of the CANDY LAND game, titled Lucky’s CharmWorld, is also available for pre-order. The brand is partnering with various companies like Cold Stone Creamery and Crocs Jibbitz to provide additional themed activities for families. These initiatives aim to create memorable celebrations at home during the holiday.
Nature Valley has launched the first plastic film wrapper designated as Store Drop-Off recyclable by How2Recycle® for its Crunchy granola bars. This packaging advancement aligns with the brand’s commitment to achieving 100% recyclable packaging by 2025. By not patenting the technology, Nature Valley encourages other food brands to adopt similar solutions. The initiative aims to increase consumer awareness about recycling and improve sustainability within the snack industry, potentially reaching 295 million Americans who are near Store Drop-Off locations.
At the CAGNY 2021 Conference, General Mills (NYSE: GIS) presented its Accelerate strategy aimed at achieving superior shareholder returns through brand enhancement, innovation, and operational scale. Key focuses include prioritizing investments in eight Core Markets and five Global Platforms like Cereal and Pet Food. The company forecasts mid- to high-single-digit earnings growth and aims for organic net sales growth of 2-3%. General Mills reaffirmed its third-quarter and full-year fiscal 2021 guidance amidst sustained elevated consumer demand for food at home.
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Dairy foods are crucial for health, yet 90% of Americans fall short of the recommended 3 cups per day, known as 'The Dairy Gap.' Key nutrients lacking include calcium, vitamin D, and potassium. Yoplait yogurt offers a solution, providing an average cost of 60 cents per serving. It is now recognized as an Excellent Source of Calcium with 260 mg (20% DV) and a Good Source of Vitamin D with 3 mcg (15% DV). By choosing Yoplait, consumers can help bridge this nutrient gap.
Cascadian Farm has pledged a significant $750,000 investment to The Nature Conservancy aimed at restoring farmland in California’s Sacramento Valley. This two-year initiative intends to enhance wildlife habitats and recharge groundwater over 600 acres of farmland, emphasizing sustainable farming practices. Emily Thomas of General Mills highlighted the brand's commitment to sustainability as consumer demand shifts towards environmentally responsible companies. The program aims to improve farmers' economic resilience against climate challenges while promoting biodiversity.
General Mills achieved a score of 100 on the Human Rights Campaign Foundation’s 2021 Corporate Equality Index (CEI) for the 15th consecutive year, demonstrating strong commitment to LGBTQ workplace equality. The achievement reflects efforts from Betty’s Family, an employee network that promotes inclusivity and support for LGBTQ+ employees. Highlights include global support initiatives and events celebrating Pride month. The CEI evaluates companies on non-discrimination policies, equitable benefits, cultural support, and corporate social responsibility. General Mills reported fiscal 2020 net sales of $17.6 billion.
Betty Crocker is launching a new line of seasonal products aimed at providing whimsical and easy baking experiences. Highlights include Dunkaroos Frosting, Reese’s Pieces Surprise Cupcake Kit, Hershey’s Kisses Blossom Cookie Kit, Giant Cookie Kit, and a limited-edition Lemon Cookie Mix. These products will be available at grocery retailers across the U.S. starting in February. Amanda Burlison, Senior Brand Manager, noted a significant increase in home baking during the pandemic, with 97% of respondents in a poll indicating increased baking activity.