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INX:GIS, Feb 22, 09:55 UTC

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Tuesday, January 28


News

General Mills Launches Multi-Year Regenerative Agriculture Pilot with Wheat Growers in Central Kansas

GIS

General Mills has launched a regenerative agriculture pilot with farmers in Kansas’ Cheney Reservoir watershed which provides water to more than 400,000 Wichita residents. "This pilot is an important step in our commitment to advance regenerative practices on 1 million acres of farmland by 2030, but more so supports our belief that these practices can have long-term positive impact on farmer profitability, soil health, water quality and biodiversity," said Mary Jane Melendez, chief sustainability and social impact officer at General Mills. "The goal of the pilot program is to encourage farming practices that improve both soil health and water quality in the Cheney Reservoir region such that agriculture is the solution to a more resilient and clean water supply for Wichita residents," said Leo Henning, Deputy Secretary of the Division of Environment at the Kansas Department of Health and Environment. Furthermore, the collaborating partners intend to align soil carbon and water quality measurement protocols with those being developed by the Ecosystem Services Market Consortium, a member-based industry collaborative focused on launching a national scale ecosystems services market for agriculture to recognize and reward farmers and ranchers for their environmental services to society. As part of the pilot, participants who opt into data tracking and field measurements will be some of the first in the country to be paid for sequestering carbon or improving water quality. For more information on General Mills’ regenerative agriculture commitment and progress, visit the company’s website.

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News

General Mills Launches Multi-Year Regenerative Agriculture Pilot with Wheat Growers in Central Kansas

GIS

General Mills has launched a regenerative agriculture pilot with farmers in Kansas’ Cheney Reservoir watershed which provides water to more than 400,000 Wichita residents. "This pilot is an important step in our commitment to advance regenerative practices on 1 million acres of farmland by 2030, but more so supports our belief that these practices can have long-term positive impact on farmer profitability, soil health, water quality and biodiversity," said Mary Jane Melendez, chief sustainability and social impact officer at General Mills. "The goal of the pilot program is to encourage farming practices that improve both soil health and water quality in the Cheney Reservoir region such that agriculture is the solution to a more resilient and clean water supply for Wichita residents," said Leo Henning, Deputy Secretary of the Division of Environment at the Kansas Department of Health and Environment. Furthermore, the collaborating partners intend to align soil carbon and water quality measurement protocols with those being developed by the Ecosystem Services Market Consortium, a member-based industry collaborative focused on launching a national scale ecosystems services market for agriculture to recognize and reward farmers and ranchers for their environmental services to society. As part of the pilot, participants who opt into data tracking and field measurements will be some of the first in the country to be paid for sequestering carbon or improving water quality. For more information on General Mills’ regenerative agriculture commitment and progress, visit the company’s website.

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News

General Mills Elects Jo Ann Jenkins to Board of Directors and Declares Quarterly Dividend

GIS

General Mills (NYSE: GIS) today announced the election of Jo Ann Jenkins to its board of directors effective January 27, 2020. As Chief Executive Officer of AARP, Jenkins brings to the board a deep understanding of strategic management and innovative marketing from her experiences leading and transforming the nation’s largest nonprofit organization serving Americans aged 50 and older. The company continues to prioritize directors with world-class qualifications and experiences, and who represent diverse backgrounds and perspectives. She has also held a variety of senior roles at the U.S. Department of Agriculture, the U.S. Department of Transportation, and the U.S. Department of Housing and Urban Development. In other action at its regularly scheduled January meeting, the General Mills board declared a quarterly dividend at the prevailing rate of $0.49 per share, payable May 1, 2020, to shareholders of record as of April 10, 2020.

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Thursday, January 16


News

Pet Food Success Masks Trouble for General Mills

GIS

The broader market, as measured by the S&P 500, was flat, so Wall Street seemed pleased by the financial results. And there were things to be happy about in the company's fiscal second-quarter 2020 earnings release. However, there were also things to be a little worried about, too. This is doubly notable because some of the company's peers also gambled on pet food -- and the progress they are making hasn't been living up to expectations. For example, sales at J. M. Smuckers'(NYSE: SJM) pet food business declined 2% in the most recent quarter. Clearly, General Mills' success in expanding the Blue Buffalo brand is good news, and it is executing better than some key peers. But pet food is still a relatively small business for the company (around 9% of sales), which has material operations in the cereal, snack bar, and yogurt niches, among others. General Mills is doing well for sure, but that's largely coming at the expense of competitors, who appear to be losing market share. So the company is putting up okay results and focusing on things like product innovation in a cash cow business that may be in secular decline at the moment.

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Story Sources

nasdaq.com fool.com
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Thursday, January 02


News

Stock To Watch - General Mills

GIS

(RTTNews) - Shares of food company General Mills, Inc. (GIS) closed Tuesday's trading at $53.56, close to its 52-week high of $56.40. General Mills' brands include Nature Valley, Betty Crocker, Annie's organic snacks, Häagen-Dazs, Cheerios, and Pillsbury among others. In November last year, the company achieved its 20% sodium reduction goal across all 10 key U.S. product categories, that was announced in 2010. Revenue for the quarter was flat at $4.4 billion versus last year. For FY2020, the company expects earnings, on an adjusted basis, to be in the range of $3.31- $3.38 per share.

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Thursday, December 26


News

3 Big Stock Charts for Thursday: Boeing, General Mills, and Levi Strauss

GIS BA

That index is on track for its best year since 2013, and its second-best performance in over two decades. For Thursday’s big stock charts, however, that’s not necessarily the case. They might well question the outlook of a stock that can’t rally even amid broad optimism toward U.S. stocks. For those who focus on value, however, 2019’s laggards can be 2020’s opportunities. The second of our big stock charts, General Mills (NYSE:), shows rangebound trading over the past several months. Near-term moving averages were providing resistance, and a descending triangle pattern suggested support might give. But, as the third of Thursday’s big stock charts shows, LEVI instead broke out.

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Wednesday, December 18


News

General Mills (GIS) Stock Gains on Q2 Earnings & Sales Beat

GIS

General Mills (GIS) Stock Gains on Q2 Earnings & Sales Beat. General Mills, Inc. GIS released second-quarter fiscal 2020 results, wherein both top and bottom lines improved year over year and the latter marked its seventh straight earnings beat. Management is impressed with its quarterly performance, which reflects broad-based organic sales growth.The company is encouraged about building sales momentum in the second half of the fiscal on the back of increased brand investments. Sales rose 1% on an organic basis, thanks to improvements in Latin America and China, countered by softness in India.Pet Segment: Revenues came in at $388.7 million, up 16% year over year on the back of volume growth as well as favorable net price realization and mix impacts.Other Financial AspectsThe company ended the quarter with cash and cash equivalents of $560.2 million, long-term debt of $10,953.1 million and total shareholder equity of $7,712.3 million.General Mills generated $1,456.6 million as net cash from operating activities in the first half of fiscal 2020.

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Stocks making the biggest moves midday: FedEx, PG&E, Skechers & more

GIS PCG +1 more GIS PCG FDX

FedEx — FedEx sank 10% in midday trading after the global shipper reported a 40% year-over-year decline in profit in its second fiscal quarter. While CEO Frederick Smith said trade disputes contributed to weak international air freight, Gordon Haskett analyst Don Bilson was skeptical of continued macroeconomic weakness and suggested the disappointing earnings could expose the company to an activist investor. General Mills — Shares of General Mills rose more than 1% after the food manufacturer reported second-quarter earnings that topped expectations. The company, which owns the Blue Buffalo brand of pet food, reported 13% growth in sales for its pet division and said it saw margins increase due to lower expenses for customer promotions. Skechers — Skechers stock climbed more than 3% and hit a 52-week high on Wednesday after Deutsche Bank initiated the shoe company with a buy rating.

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cnbc.com cnbc.com
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Stocks - Fedex Falls; General Mills, Devon Energy Rise in Premarket

DVN GIS

7:45 AM ET: FedEx (NYSE:FDX) stock was down 7.6% after publishing a 40% drop in profit in its fiscal second quarter, due in part to Amazon.com (NASDAQ:AMZN) pivoting from customer to rival in the delivery space. The company will funnel all of the proceeds and more into raising the ceiling of its share buyback program by $1 billion to $6 billion. So far, under the currently authorized program, it has bought back $4.8 billion. The deal completes the disposal of Devon's gas assets and its refocusing as an oil producer. As of the third quarter, Devon was producing just under 600 million cubic feet of gas a day from the Barnett assets. 08:25 AM: Pacific Gas&Electric (NYSE:PCG) stock rose 11.6% after a California court approved its draft $13.5 billion settlement with victims of wildfires caused by its faulty equipment in 2017 and 2018.

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General Mills (GIS) earnings Q2 2020

GIS

Boxes of General Mills brand cereals are displayed at Scotty's Market on September 20, 2017 in San Rafael, California. General Mills' 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. Net earnings attributable to the company rose to $580.8 million, or 95 cents per share, in the second quarter ended Nov. 24, from $343.4 million, or 57 cents per share, a year earlier. Net sales rose to $4.42 billion from $4.41 billion, missing the average analyst estimate of $4.43 billion, according to IBES data from Refinitiv.

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