News: General Mills Inc (GIS)

GIS on New York Consolidated

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30 Sep 2014
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Wed, Sep 17 2014

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Cheaper store brands eat into General Mills' profit

- General Mills Inc reported a lower-than-expected quarterly profit as the maker of Cheerios cereal and Betty Crocker cake mixes lost further ground to cheaper store-branded foods amid rising demand for alternative breakfast options.

UPDATE 2-Cheaper store brands eat into General Mills' profit

* Shares fall 4.7 pct (Adds CEO comment, details from conference call; updates shares)

General Mills profit falls 25 pct as sales decline

Sept 17 - General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 25 percent fall in quarterly profit as sales fell for the fourth straight quarter and merchandising costs rose.

General Mills to buy organic food producer Annie's for $820 million

- General Mills Inc , the maker of Cheerios cereal and Betty Crocker cake mixes, said it would acquire organic food producer Annie's Inc for about $820 million to expand its presence in the fast-growing U.S. natural foods market.

UPDATE 1-General Mills to buy organic food producer Annie's for $820 mln

Sept 8 - General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would acquire organic food producer Annie's Inc for about $820 million to expand its presence in the fast-growing U.S. natural foods market.

General Mills to buy organic food producer Annie's for $820 mln

Sept 8 - General Mills Inc, the maker of Cheerios cereal and Betty Crocker baking products, said it would acquire organic food producer Annie's Inc for about $820 million.

General Mills bets on healthier Cheerios, granola bars

- General Mills Inc GIS.N, maker of Cheerios cereal and Betty Crocker baking products, said it would launch healthier products and revamp and promote its existing ones to revive sales that have slipped for three straight quarters.

UPDATE 2-General Mills bets on healthier Cheerios, granola bars

* Co says streamlining operations to save $40 mln in 2015

US STOCKS-Wall St rises slightly despite weak GDP report

* Dow up 0.2 pct; S&P 500 up 0.3 pct; Nasdaq up 0.4 pct (Updates to afternoon)

CORRECTED-UPDATE 1-General Mills profit misses estimates as commodity costs rise

(Corrects paragraph 6 to say net sales fell 2.9 percent to $4.28 billion, not 2.8 percent to $4.41 billion)

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