GIS News and Press, General Mills Inc. From 06/29/22

General Mills Board of Directors Declares Six Percent Dividend Increase Full Year Highlights Net sales of $19.0 billion increased 5 percent from the prior year; organic net sales¹ were up 6 percent. Operating profit increased 11 percent to $3.5 billi...

General Mills (NYSE:GIS) is scheduled to announce Q4 earnings results on Wednesday, June 29th, before market open. The consensus EPS Estimate is $1.01 (+11.0% Y/Y) and the consensus Revenue Estimate is $4.81B (+6.4% Y/Y). Over the last 2 years, GIS has beaten EPS estimates 75% of the time and...

General Mills (NYSE: GIS) today announced the election of C. Kim Goodwin to its board of directors effective June 27, 2022. Goodwin is an experienced financial services professional and seasoned business leader. With her extensive background as a leader at global investment institut...

Food stocks generally outperformed again on Monday as investors continue to take shelter in consumer defensive names. An upgrade from Stephens on Simply Goods Foods (SMPL) to Overweight from Equal-weight and a potential asset sale for TreeHouse Foods (NYSE:THS) were also in the spotlight. Sim...

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General Mills has been optimizing its portfolio in recent years. The company is a stable consumer staple business with slightly improved growth prospects. Overall, valuations appear fair but not necessarily attractive in this rate environment. For further details see: Ge...

As the second quarter comes to a close, footwear and sports apparel giant Nike (NKE) leads next week’s slate of earnings releases. Semiconductor maker Micron Technology (MU) also makes the list of bellwether companies announcing their results, along with a pair of household names in th...

Bellwethers in the consumer staples sector such as General Mills don't seem like they're able to price successfully ahead of inflationary headwinds, and many are experiencing tremendous gross margin pressure. Branded staples may be experiencing demand (volume) destruction as consumers...

Are you worried about the bear market? Falling share prices can make it difficult to look at your investments, even if you're bullish on them over the long term. One way to make it easier to get through these challenging times is to hold some quality dividend stocks that you can rely on for...

General Mills (NYSE: GIS) today announced it has completed the acquisition of TNT Crust. TNT Crust is a manufacturer of high-quality frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. TNT Crust was a portfolio company of Peak Rock C...