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INX:GIS, Jul 16, 10:01 UTC

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Why General Mills, Inc. Stock Has Dropped 24.3% in 2018

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Why General Mills, Inc. Stock Has Dropped 24.3% in 2018. Travis Hoium, The Motley FoolMotley FoolJuly 15, 2018, 8:08 AM GMT. What happened. Shares of food giant General Mills, Inc.(NYSE: GIS) have fallen 24.3% in 2018, according to data from S&P Global Market Intelligence, as operating results have come in lower than expected. So what. Now what. As disappointing as the first few months of the year were for General Mills, fiscal fourth-quarter results brought a little redemption. Organic revenue grew 1%, and guidance for fiscal 2019 included a 9% to 10% growth target and an increase in constant currency operating profit of 6% to 9%.

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Thursday, July 12


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4 Things General Mills Management Wants Shareholders to Know

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General Mills, Inc.(NYSE: GIS) reported on its fiscal fourth quarter of 2018 on June 27. The consumer packaged goods (CPG) giant believes it's made progress in breathing some life into the growth of its once-tired brand portfolios, and during the company's earnings conference call, management was eager to discuss a turnaround in snack and breakfast categories. Our "full basket" market shares online continue to over-index relative to the fiscal stores in both the U.S. and Europe, and General Mills is seen as the key strategic partner for our e-commerce retail customers, bringing differential insights and solutions to drive growth. General Mills is providing support in the way of logistics personnel, as well as brute resources: Blue Buffalo has launched a new pet-treats facility in Joplin, Missouri, and will bring a new factory in Richmond, Indiana online this summer. While the Blue Buffalo purchase won't be accretive (additive) to earnings until 2020, it's projected to immediately impact earnings, adding 9 to 10 percentage points to company sales in fiscal 2019.

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Wednesday, July 11


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General Mills Details Global Growth Priorities at Company's Annual Investor Day

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NEW YORK, July 11, 2018 /PRNewswire/ -- General Mills (GIS) executives updated investors and analysts on its global growth priorities at the company's annual Investor Day. Fiscal 2018 represented an important first step in returning General Mills to sustainable topline growth, including finishing the year with three consecutive quarters of organic net sales growth. "In a world of high change, it's clear to me that Consumer First is more relevant than ever. I firmly believe that when we serve our consumers and give them what they want, we win every time," said Harmening. Harmening reiterated three global growth priorities the company is pursuing to generate consistent topline growth:.

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Tuesday, July 10


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What to Watch For at General Mills' Investor Day

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The maker of Cheerios, Yoplait yogurt and Progresso soup is a mixed bag for investors. In April, General Mills bought the high-end natural pet food company Blue Buffalo for $8 billion, which was considered pricey by some. The company financed the transaction with a combination of $6 billion in long-term debt, $1 billion in equity, and cash on hand.

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New products from General Mills are there for "those moments"

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New products from General Mills are there for "those moments" MINNEAPOLIS, July 10, 2018 /PRNewswire/ -- The new product lineup that General Mills announced today is all about "capturing the moment." "We're thinking bigger about unmet needs that people might have when it comes to their food choices," says Jodi Benson, chief Innovation, Technology and Quality officer at General Mills. "For some, convenience is key. For others, diet or allergy restrictions play a main role in food choices. And in some cases, the need is simply to fulfill the craving for a delectable treat. Our new product lineup fulfills each of these needs." The new YQ by Yoplait uses ultra-filtered milk to make a higher protein, lower carb solution. Whether you're shopping in the aisles of a grocery store or through an online retailer, General Mills has a product to fit your food need at any moment throughout the day.

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Friday, July 06


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Reduced Salt Packaged Food: Worldwide Market Analysis & Forecast (2018-2022) Featuring General Mills, Kellogg, Nestle, PepsiCo, Tesco and The Kraft Heinz Company - ResearchAndMarkets.com

GIS PEP +1 more GIS PEP TSCO

Reduced Salt Packaged Food: Worldwide Market Analysis & Forecast (2018-2022) Featuring General Mills, Kellogg, Nestle, PepsiCo, Tesco and The Kraft Heinz Company - ResearchAndMarkets.com. The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The demand for fresh food products is increasing across the globe as consumers have begun to realize the health benefits of fresh food products over packaged food products.

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Thursday, July 05


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Will General Mills' Key Global Plans Take It Toward Recovery?

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This can be blamed on input cost inflation, which remains a threat to the company’s margins and is a major hurdle for the overall food space. Coming back to General Mills, the company has also been suffering lackluster sales at its U.S. Retail Segment, particularly due to softness in Yogurt category. This is also one of General Mills’ four key global strategies to drive sales.Moving to the other core initiatives, the company plans to focus more on growing its cereal business. For that, General Mills plans to introduce new product varieties to its global product portfolio. The company’s U.S. e-commerce business grew nearly 70% in fiscal 2018, while its global e-commerce sales surged 50%.These endeavors, along with General Mills’ robust cost-saving initiatives should provide some cushion to this Zacks Rank #3 (Hold) company and help it uplift investors’ sentiment.Notably, the company expects to achieve cost savings through increased efficiency, reduced complexity through SKU optimization, further supply-chain optimization and continued expansion of zero-based budgeting across the business.

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Monday, July 02


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General Mills, Inc. (NYSE:GIS) - Citing Freight Costs, Declining Sales, General Mills To Cut 625 Jobs

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Citing Freight Costs, Declining Sales, General Mills To Cut 625 Jobs. General Mills (NYSE: GIS), home of over 100 household brands including Yoplait, Cheerios, Nature Valley, and Pillsbury, has seen an increase in sales in some areas, but an overall decline in profit, leading to an anticipated slashing of 625 jobs. Harmening explained: "North American freight spot prices were near 20-year highs in February. Higher freight costs are impacting our raw material prices [and] the cost to ship materials from our suppliers to our factories has risen significantly. And we've seen higher prices in some key commodities including grains, fruits and nuts, further heightening the inflationary dynamic." In its fiscal 2018 results released June 27, General Mills recorded "more than $150 million in restructuring and impairment costs" and a 13 percent profit decline to $354.4 million despite a 2.2 percent sales increase to $3.89 billion.

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Thursday, June 28


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What’s behind General Mills’ Impressive Q4 Margins?

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General Mills (GIS) impressed with its margins performance in the fiscal fourth quarter. The company’s adjusted profit margins improved despite significant headwinds from higher input and logistics costs. Peers including Conagra Brands (CAG), J.M. Smucker (SJM), and Kellogg (K) also managed to expand margins during the last reported quarter, reflecting higher cost and productivity savings. The graph shows that General Mills’ margins expanded both sequentially and on a YoY (year-over-year) basis.

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