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General Mills Reports Adjusted Earnings Per Share Of $1.00
General Mills - Expects Largest Factor Impacting 2021 Performance Will Be Relative Balance Of At-Home Versus Away-From-Home Consumer Food Demand
General Mills - Expect Consumer Concerns About Covid-19 Virus Transmission, Potential For Recession To Drive Some Level Of Elevated Food Demand At-Home This Year
General Mills, Inc., is a manufacturer and marketer of branded consumer foods and pet food products sold through retail stores. The Company is a supplier of branded and unbranded consumer food products to the North American foodservice and commercial baking industries. It also provides pet food products through its subsidiary Blue Buffalo Pet Products Inc. The Company has four segments: U.S. Retail, International, Pet operating, and Convenience Stores and Foodservice. The Company offers a range of food products with a focus on categories, including ready-to-eat cereal; convenient meals, including meal kits, ethnic meals, pizza, soup, side dish mixes, frozen breakfast and frozen entrees; snacks, including grain, nutrition bars and frozen hot snacks; yogurt, and super-premium ice cream. The Company's other product categories include baking mixes and ingredients, and refrigerated and frozen dough. It also provides food products for dogs and cats.
Number One General Mills Blvd
Jeffrey L. Harmening
Chairman of the Board, Chief Executive Officer
Kofi A. Bruce
Chief Financial Officer
Dana M. McNabb
Group President - Europe & Australia
Jon J. Nudi
Group President - North America Retail
Shawn P. O'Grady
Group President, Convenience Stores & Foodservice and Chief Revenue Development Officer
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Cheerios maker General Mills Inc on Wednesday reported quarterly sales and profits that beat estimates as a surge in baking and cooking by stuck-at-home students and families drove a jump in sales in most of its product lines.
General Mills Inc beat quarterly sales estimates on Wednesday, as people stuck at home due to the COVID-19 pandemic stocked up on its baking products and cereals.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
General Mills Inc reported strong quarterly results on Wednesday and said it expected further boost to sales of its cereals and snacks for the rest of the year as people remain hunkered down in their homes due to coronavirus-related curbs.
General Mills Inc posted a nearly 10% increase in quarterly profit on Wednesday, helped by strong demand for its cereals and snacks, as restaurants remained shut in the period due to coronavirus-led lockdowns.
General Mills Inc said on Monday it expects to surpass its own expectations for fiscal 2020 organic sales, as people stock their pantries with breakfast cereals and other long-lasting packaged food amid lockdowns.
General Mills Inc <GIS.N> on Wednesday forecast a boost to its earnings this year as consumers stock up on its cereals, frozen foods and pet food in the face of the global coronavirus pandemic.
Cheerios maker General Mills Inc on Wednesday raised its adjusted profit growth forecast for 2020, as stockpiling from consumers in North America and Europe amid the rapid spread of the coronavirus boosted demand for its products.
General Mills Inc <GIS.N> said on Tuesday nearly half of its Haagen-Dazs ice-cream shops in Greater China had been temporarily closed, amid the rapid spread of the coronavirus in the world's second biggest economy.
* NEARLY HALF OF OUR COMPANY-OWNED HÄAGEN-DAZS SHOPS IN GREATER CHINA HAVE BEEN TEMPORARILY CLOSED
The United Nations' human rights office on Wednesday named 112 companies it said have business ties to Jewish settlements in the West Bank, angering Israel and prompting a Palestinian threat of legal action against the firms.
By Lynx Insight Service * General Mills Inc reported quarterly adjusted earnings of 95 cents per share for the quarter ended in November. The mean expectation of 17 analysts for the quarter that ended in November was for earnings of 88 cents per share. * Revenue rose 0.2%...
General Mills Inc's <GIS.N> quarterly profit beat Wall Street expectations on Wednesday as the Cheerios maker benefited from higher demand for its pet foods, sending its shares up 3%.
General Mills Inc's quarterly sales missed Wall Street expectations on Wednesday, as the Cheerios maker was hit by lower demand for its snacks and yogurts in the United States.
Cheerios maker General Mills Inc's <GIS.N> quarterly sales fell short of Wall Street estimates on Wednesday, hit by weak demand for its baking products and snacks in the United States and challenges in key emerging markets such as Brazil and India.
General Mills Inc's quarterly sales missed Wall Street expectations on Wednesday, hit by weak demand for its yogurt and snacks in the U.S domestic market.
A federal judge in California has tossed a proposed class action accusing General Mills of deceptively labeling sugar-laden cereals as healthy when their added sugar increases the risk of heart disease, diabetes and other chronic diseases.
General Mills Inc's quarterly sales fell short of Wall Street estimates on Wednesday, hurt by lower demand for its Nature Valley and Fiber One snack bars, sending its shares down as much as 10%.
General Mills Inc on Wednesday reported quarterly sales below Wall Street estimates, hurt by lower demand for its snacks in North America.
A federal judge in Miami has dismissed a proposed class action accusing General Mills of selling Cheerios cereal with trace amounts of the weedkiller glyphosate, ruling that the named plaintiff failed to show how she was harmed.
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