• Packaged Foods
  • Consumer Defensive
General Mills, Inc. logo
General Mills, Inc.
GIS · US · NYSE
69.2
USD
+0.9
(1.30%)
Company Overview

NUMBER ONE GENERAL MILLS BLVD,MINNEAPOLIS MN 55426,(763) 764-7600

CEO

Mr. Jeffrey L. Harmening

Employess

34000

Sector

Consumer Defensive

Industry

Packaged Foods

Website

https://www.generalmills.com

General Mills, Inc. manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and salty snacks, ice cream, nutrition bars, wellness beverages, and savory and grain snacks, as well as various organic products, including frozen and shelf-stable vegetables. It also supplies branded and unbranded food products to the North American foodservice and commercial baking industries; and manufactures and markets pet food products, including dog and cat food. The company markets its products under the Annie's, Betty Crocker, Bisquick, Blue Buffalo, Blue Basics, Blue Freedom, Bugles, Cascadian Farm, Cheerios, Chex, Cinnamon Toast Crunch, Cocoa Puffs, Cookie Crisp, EPIC, Fiber One, Food Should Taste Good, Fruit by the Foot, Fruit Gushers, Fruit Roll-Ups, Gardetto's, Go-Gurt, Gold Medal, Golden Grahams, Häagen-Dazs, Helpers, Jus-Rol, Kitano, Kix, Lärabar, Latina, Liberté, Lucky Charms, Muir Glen, Nature Valley, Oatmeal Crisp, Old El Paso, Oui, Pillsbury, Progresso, Raisin Nut Bran, Total, Totino's, Trix, Wanchai Ferry, Wheaties, Wilderness, Yoki, and Yoplait trademarks. It sells its products directly, as well as through broker and distribution arrangements to grocery stores, mass merchandisers, membership stores, natural food chains, e-commerce retailers, commercial and noncommercial foodservice distributors and operators, restaurants, convenience stores, and pet specialty stores, as well as drug, dollar, and discount chains. The company operates 466 leased and 392 franchise ice cream parlors. General Mills, Inc. was founded in 1866 and is headquartered in Minneapolis, Minnesota.

Next Earnings Date

Dec. 18, 2024

Ex Dividends date

Aug. 01, 2024

Dividend Date

July 10, 2024

YTD Performance

3.67%

Fiscal Year End

05-29

IPO Date

1980-03-17

Growth Rates
(avg. rate of change) 10 years 5 years 3 years 1 year
Sales/Revenue 1.04% 3.32% 3.09% -1.18%
EPS 4.11% 8.25% 4.44% -0.46%
Equity 3.70% 5.90% -0.26% -10.08%
Cash -7.04% -1.46% -34.76% -28.61%
Return On Capital (ROIC) 11.54% 11.57% 11.86% 13.11%
Debt
year (millions) 2024 2023 2022 2021 2020
Short Term Debt 1,730 1,740 2,490 2,830 2,610
Long Term Debt 11,300 9,970 9,130 9,790 10,900
LT Finance Leases 284 359 355 394 379
Shares Outstanding 576 595 608 614 608
Market Cap 39,300 50,100 42,500 38,600 38,600
Price
Business Segments (Beta)
Not available
Geographical Segments (Beta)
Not available
News
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Consumer giants from Starbucks to General Mills have one big sales problem: China
1 month

Starbucks reported China same-store sales dropped by 14% in the quarter ended June 30, far steeper than the 2% decline in the U.S. "Consumer sentiment in China is quite weak," McDonald's chairman, CEO and director Christopher Kempczinski, said of the quarter ended June 30.

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2 months

General Mills (GIS) reported earnings 30 days ago. What's next for the stock?

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Chief Future Officer: General Mills CFO Kofi Bruce on what he looks for in hiring
2 months

"What's the best first step towards a job in finance? @General Mills CFO @Kofi Bruce -- a liberal arts major in college -- thinks curiosity and aptitude in entry-level candidates can be more helpful than a portfolio of academic skills.

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Chief Future Officer: Kofi Bruce, General Mills
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Chief Financial Officers now play a critical role in shaping corporate strategy and positioning organizations to meet future challenges. Bloomberg's monthly program, Chief Future Officer, profiles these leaders and explores the impact they're making on their companies and industries.

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How General Mills Added AI to Its Manufacturing Recipe
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Packaged food giant General Mills uses AI tools, machine learning and data science to increase productivity in many areas of its business. On "Bloomberg Chief Future Officer," CFO Kofi Bruce tells Romaine Bostick how investments in these technologies are producing significant results.

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General Mills CFO Wants to Limit 'Sting' of Inflation
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The packaged food industry has seen input costs soar since the onset of the pandemic. While higher prices have brought blowback from consumers.

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