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General Mills, Inc. (GIS)

- NYSE
  • Tue, Feb. 17, 2:36 PM
    • General Mills (GIS -0.3%) says it will reformulate Yoplait Original yogurt to reduce the sugar content by 30%.
    • The average amount of protein will rise 20% to 6 grams a cup.
    • The new products should hit stores in March.
    • The changes to Yoplait could help the line compete against different Greek yogurt varieties which market themselves as healthier than traditional yogurt.
    | 5 Comments
  • Tue, Feb. 17, 6:59 AM
    • General Mills (NYSE:GIS) reaffirms 2015 guidance in advance of its presentation at the Consumer Analyst Group of New York conference.
    • The company sees low-single-digit rate growth in EPS from a FY14 mark of $2.82.
    • Revenue is expected to grow at a low single-digit rate before the impact of F/X is factored in.
    | Comment!
  • Thu, Feb. 12, 1:13 PM
    • General Mills (GIS -0.7%) plan to launch a gluten-free version of Cheerios cereals.
    • The products will be available this summer for 5 Cheerios varieties.
    • The initiative to remove gluten from oats in the production process took years to develop, according to the company.
    • Earlier today, Kellogg's Q4 report indicated softening demand for cereal in the U.S.
    | 3 Comments
  • Thu, Feb. 5, 9:08 AM
    • Kraft Foods (NASDAQ:KRFT) has found a vibrant channel for its Velveeta brand in dollar stores.
    • The company was very close to pulling the plug on the product last year amid soft grocery store sales.
    • General Mills (NYSE:GIS) and Campbell Soup (NYSE:CPB) are also exploring selling more brands in dollar stores due to the potential for higher profit margins in certain categories.
    • The development could aid the dollar store group (DLTR, DG, FDO) which has lost some quick-stop grocery market share to convenience stores.
    | 11 Comments
  • Thu, Jan. 29, 11:03 AM
    • The powerful rally in the Swiss Franc has given more M&A firepower to multinationals based in the nation, notes Bloomberg.
    • The food industry could see one of the first deals if an emboldened Nestle (OTCPK:NSRGY) decides to make a run at General Mills (GIS -1.9%).
    • A combination of Nestle and General Mills has been floated around by analysts before due to the powerful synergies that could be struck between the food giants.
    | 7 Comments
  • Wed, Jan. 21, 1:00 PM
    • Dish Networks (DISH -0.2%) won a significant court battle in L.A. against Fox Broadcasting over the company's Dish Anywhere app.
    • The ruling from a federal judge applied some of the principles from the Supreme Court's look at the Aereo case.
    • The opinion from the court indicated that watching content on mobile devices and tablets through Dish Anywhere doesn't qualify as a breach of copyright law.
    • The use of Dish's PrimeTime Anytime and AutoHop features were also deemed as fair use.
    • Many programmers seemed to have anticipated the legal decision and already negotiated with Dish to disable ad-skipping for a period of time after a show airs.
    • The ruling is sure to have been noticed on Madison Avenue where the largest (and smarter?) ad spenders continue to increase digital spending over broadcast/cable TV buys.
    • Big advertisers: MCD, PG, BUD, WMT, TGT, K, GIS, TM, GM.
    • Programmers: CBS, TWX, FOXA, SNI, AMCX, VIA , VIAB, DISCA.
    | 6 Comments
  • Sat, Jan. 17, 12:45 PM
    • Milk prices are in a downward trend with an excess of supply on the international market.
    • The supply is so far beyond expectations that some U.S. cooperatives have directed farms to pour out part of their inventory.
    • A reduced level of milk imports from China and Russia has been a factor in the market.
    • Food companies are seeing a quicker benefit from the milk price decline than consumers, although analysts anticipate lower prices at grocery and C-stores stores in 2015.
    • Milk price data (consumers) vs. milk futures chart
    • Related stocks: DF, WWAV, SJM, DF, OTCPK:NSRGY, LWAY, DNKN, MCD, SBUX, GIS, HSY, MJN,  QSR, KO, GIS,
    • Related ETFs: MOO.
    | 115 Comments
  • Fri, Jan. 9, 1:50 AM
    • General Mills (NYSE:GIS) is planning to eliminate another 500 jobs with the closure of two Pillsbury dough factories, adding to the roughly 1,400 job cuts it announced last year.
    • Struggling with weak sales due to Americans’ growing aversion to packaged foods, the new cost-saving program is targeted at saving the company more than $400M in fiscal 2015.
    | Comment!
  • Dec. 17, 2014, 9:29 AM
    • General Mills (NYSE:GIS) reported cereal demand fell off once again in FQ2.
    • The decline is in spite of efforts to introduce more on-trend brands (protein, gluten-free, low-calorie).
    • The company offset the cereal slump to a degree with gains in yogurt.
    • Yogurt sales grew in both the U.S. Retail and Convenience Store channels.
    • The shift by consumers from cereal to yogurt has also negatively impacted Kellogg (NYSE:K) and Post Holdings (NYSE:POST) - while benefiting Danone (OTCQX:DANOY) and Mueller-PepsiCo (NYSE:PEP).
    • Previously: General Mills earnings, highlights
    | 6 Comments
  • Dec. 17, 2014, 7:59 AM
    • General Mills (NYSE:GIS) reports  a drop in volume reduced sales growth by 2.0% in FQ2.
    • U.S. Retail sales declined 3.5% to $2.86B and operating profit -9.6% to $616.1M.
    • International sales down 5.9% to $1.32B and operating profit -12.3% to $134.3M.
    • Convenience Stores and Foodservice sales increased 4.4% to $529.5M and operating profit +13.3% to $96.2M.
    • Gross margin rate -177 bps to 34.36%.
    • SG&A expense ratio -33 bps to 17.94%.
    • FY2015 Guidance: Net sales: to grow at a low single-digit rate Y/Y on constant currency basis; Segment operating profit: to decline at a low single-digit rate Y/Y on constant currency basis; Adjusted EPS: to grow at a low-single-digit rate Y/Y on constant currency basis.
    | Comment!
  • Dec. 17, 2014, 7:16 AM
    • General Mills (NYSE:GIS): FQ2 EPS of $0.80 beats by $0.03.
    • Revenue of $4.71B (-3.5% Y/Y) misses by $80M.
    • Press Release
    | 1 Comment
  • Dec. 16, 2014, 5:30 PM
  • Dec. 16, 2014, 5:21 PM
    • General Mills (NYSE:GIS) declares $0.41/share quarterly dividend, in line with previous.
    • Forward yield 3.21%
    • Payable Feb. 2; for shareholders of record Jan. 12; ex-div Jan. 8.
    | Comment!
  • Dec. 16, 2014, 8:25 AM
    • General Mills (NYSE:GIS) announces it will launch 50 new products in the second half of FY15.
    • The company says it will be on-trend with the new grocery store entries.
    • A quick scan shows a high mix of gluten-free and protein varieties of existing brands.
    • Management says it will have more to say on its product development during the company's earnings call tomorrow.
    | 4 Comments
  • Nov. 20, 2014, 9:12 AM
    • Air fares rose 2.2% M/M in October, according to the underlying data from the Bureau of Labor Statistics. The development arrives just as jet fuel prices are moderating on forward contracts for carriers (LUV, JBLU, HA, ALK, ALGT, SAVE, AAL, DAL, UAL, RJET).
    • Breakfast cereal prices rose 1.5% M/M in October. Though the gain could be due to a soft promotions-influenced comp from a year ago, sellers (GIS, K, POST) won't mind the relief.
    • Another surprise might be the +4.3% average price rise in the women's dresses category. Ann (NYSE:ANN), L Brands (NYSE:LB), Cache (NASDAQ:CACH), Cato (NYSE:CATO), Chico's FAS (NYSE:CHS), and Ascena Retail (NASDAQ:ASNA) could be part of that improvement.
    • BLS CPI table
    | 4 Comments
  • Nov. 10, 2014, 6:56 AM
    • RBC Capital Markets cuts its rating on General Mills (NYSE:GIS) to Sector Perform after having it slotted at Outperform.
    • The investment firm lowered its price target on the food seller to $54.
    • GIS -0.7% premarket.
    | 1 Comment
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Company Description
General Mills Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. It supplies branded and unbranded food products to the foodservice and commercial baking industries.