General Mills Sales Rise on At-Home Food Demand
The cereal maker's Q1 results were "highlighted by broad-based market share gains amid elevated at-home food demand due to the COVID-19 pandemic."
Series of Leadership Changes at General Mills; CFO to Retire
Among the changes, CFO Don Mulligan will retire and be replaced by finance executive Kofi Bruce.
General Mills Slashes Guidance, Stock Plunges
The cereal maker is now predicting full-year operating profit will fall as much as 6% due to higher-than-expected supply chain costs.
General Mills to Feed Pets With $8B BLUE Buy
The acquisition of Blue Buffalo "provides General Mills with the leading position in the large and growing wholesome natural pet food category."
Cereals Power General Mills’ 2% Sales Gain
The company's topline growth in Q2 was across geographies, product platforms, and channels, with cereal sales up 7% in the U.S.
Weak Yogurt Sales Add to General Mills’ Woes
The company's sales fell for a ninth straight quarter, reflecting consumers' shift from packaged foods to fresh, organic products.
Pricing Strategy Hurts General Mills’ Q3 Sales
"We haven't had the promotion mix right and we haven't been as competitive in pricing as we could have been," says General Mills' chief operating officer.
General Mills Sales Drop 7% in First Quarter
While sales have declined for five straight quarters, the company's cost-cutting helped the bottom line beat analysts' estimates.
General Mills’ Q3 Profit Beats Estimates
The company's cost-cutting measures offset a 7% drop in U.S. sales as consumers continue to switch to foods they consider to be healthier.
General Mills Sells Green Giant for $765M
The company anticipates the transaction will be dilutive to fiscal 2016 earnings per share by 5 to 7 cents.