Protein packed food now seems to be everywhere you turn. From the biggest TV shows. Dude, a protein shake, I said let's buffin you up.To fitness influencers. 30g of protein. This is the fastest way to get over 100g of protein in one meal.And celebrities. This guy is my my favorite protein powder. One thing is for certain, protein is at the center of the cultural conversation.A 2025 Bain survey found that 44% of U.S. respondents said they want to increase their protein intake. That's a ten percentage point i ...

Core Viewpoint - The article discusses the decline of Häagen-Dazs in the Chinese market, highlighting its struggles against cheaper ice cream brands and changing consumer preferences, leading to a significant reduction in store numbers and sales [1][3][19]. Group 1: Company Performance - Häagen-Dazs' net sales in China for the third quarter of fiscal year 2025 were reported at $138 million, reflecting a year-on-year decline of approximately 3.2% [3]. - The number of Häagen-Dazs stores in mainland China has halved from 557 in 2019 to only 263 currently, indicating a severe contraction in its physical presence [4]. - The CEO of General Mills acknowledged a double-digit percentage decline in store traffic for Häagen-Dazs in China [3]. Group 2: Market Dynamics - The rise of affordable ice cream brands has shifted consumer preferences, with many opting for lower-priced options, making it difficult for Häagen-Dazs to attract customers [6][29]. - Häagen-Dazs was once perceived as a luxury brand, but its image has deteriorated as consumers now view it as overpriced and outdated [22][29]. - The competitive landscape has intensified, with local brands like Zhong Xue Gao and others introducing innovative and cost-effective products that challenge Häagen-Dazs' market position [22][28]. Group 3: Consumer Sentiment - Consumers have become more price-sensitive, with many expressing disbelief at Häagen-Dazs' high prices compared to similar products available at much lower costs [21][30]. - The nostalgia associated with Häagen-Dazs has not translated into sustained consumer loyalty, as younger generations prioritize value and health in their purchasing decisions [19][30]. - The perception of Häagen-Dazs as a "high-end" product has been undermined by its recent controversies, including the use of inferior ingredients, further alienating its customer base [22][29].

Core Insights - Häagen-Dazs is experiencing a significant reduction in its store presence in China, with the number of locations dropping from over 400 in January 2024 to approximately 247 by mid-2023, indicating a loss of over 150 stores in less than two years [1][11][13] - The brand's parent company, General Mills, reported a 3.2% year-over-year decline in sales for its high-end ice cream business in China, alongside a notable drop in customer traffic by double digits [13][14] - The competitive landscape in the Chinese ice cream market has intensified, with the rise of domestic brands and new beverage options diverting consumer attention away from Häagen-Dazs [14] Store Operations - Currently, only two Häagen-Dazs stores remain operational in Jinan, specifically at Yuhuan Yinzuo and Gaoxin Wanda, while other locations in major shopping centers have ceased operations [1][9][11] - The overall number of Häagen-Dazs stores in Shandong province has decreased to nine, spread across five cities, including Jinan, Qingdao, Zibo, Yantai, and Weihai [8][11][10] Financial Performance - Häagen-Dazs' sales in China have declined from $800 million in the 2019 fiscal year to $730 million in the 2024 fiscal year, reflecting a downward trend in performance [13] - General Mills reported a net sales figure of $1.38 billion for its high-end ice cream business in the three months ending February 23, 2025, down from $1.42 billion in the same period the previous year [13] - For the fiscal year ending May 25, 2025, General Mills' total net sales were $19.5 billion, a decrease of 2% year-over-year, with net profit falling by 8% to $2.3 billion [13]

以下文章来源于餐企老板内参 ，作者内参君 01 接连闭店、业绩下滑...... 哈根达斯中国业务，要被卖了？ 曾被视为"冰淇淋界爱马仕"的哈根达斯，如今正面临前所未有的危机。 多家媒体报道称，哈根达斯母公司通用磨坊正考虑以数亿美元的价格出售哈根达斯在华的冰淇淋门店。 据彭博社报道，"目前谈判尚处于初期阶段，通用磨坊可能决定不出售，并打算继续在中国超市或便利店等场所贩卖哈根达斯。"随后，通用磨坊回应多家媒 体，"对谣传不予置评"。 2023年至今，哈根达斯陆续关闭了中国市场的数家门店，北京、上海、大连等城市的标志性店铺陆续撤场，泰州、南宁等城市的哈根达斯门店甚至已经无迹可 寻。据哈根达斯官方小程序显示，截至2025年6月，哈根达斯在内地的门店数量仅剩250余家，与巅峰时期的400多家门店相比缩减了将近一半。不少消费者在社交 媒体上感叹："还没攒够钱实现'哈根达斯自由'，它就已经悄悄消失了。" 餐企老板内参 . 餐饮业首席经管新媒体！超500万餐饮老板、产业高端精准读者；财经作家吴晓波、源码资本等投资；业务涵盖媒体传播、峰会、培训、游学餐访、中餐出 海、"餐里眼"大数据、"72餐"供应链平台、行业报告等…(更多资 ...

以下文章来源于餐企老板内参 ，作者内参君 餐企老板内参 . 餐饮业首席经管新媒体！超500万餐饮老板、产业高端精准读者；财经作家吴晓波、源码资本等投资；业务涵盖媒体传播、峰会、培训、游学餐访、中餐出海、"餐里眼"大数据、"72 餐"供应链平台、行业报告等…(更多资讯服务下载：餐饮老板内参APP) 炎炎夏日本是冰淇淋的业绩高峰，昔日冰淇淋界"老大哥"哈根达斯却迎来业绩寒冬。 文 ｜ 内参君 主编 ｜ 戴丽芬 来源｜ 餐企老板内参（ID：cylbnc） 封面来源 ｜ 企业官网 接连闭店、业绩下滑 哈根达斯中国业务，要被卖了？ 曾被视为"冰淇淋界爱马仕"的哈根达斯，如今正面临前所未有的危机。 多家媒体报道称，哈根达斯母公司通用磨坊正考虑以数亿美元的价格出售哈根达斯在华的冰淇淋门店。 据彭博社报道，"目前谈判尚处于初期阶段，通用磨坊可能决定不出售，并打算继续在中国超市或便利店等场所贩卖哈根达斯。"随后，通用磨坊回应多家媒体，"对谣传不予置评"。 2023年至今，哈根达斯陆续关闭了中国市场的数家门店，北京、上海、大连等城市的标志性店铺陆续撤场，泰州、南宁等城市的哈根达斯门店甚至已经无迹可寻。据哈根达斯官方小程序 显示， ...

Core Insights - General Mills, Inc. (GIS) reported fourth-quarter fiscal 2025 results with adjusted earnings of 74 cents per share, surpassing the Zacks Consensus Estimate of 71 cents, but net sales of $4,556.2 million fell short of the expected $4,604 million, reflecting a 3% year-over-year decline in net sales and a 27% decline in earnings on a constant-currency basis [1][3][9] Financial Performance - Adjusted gross margin decreased by 220 basis points to 32.7% of net sales, primarily due to input cost inflation and unfavorable net price realization [4] - Adjusted operating profit dropped 22% in constant currency, with the operating profit margin down 330 basis points to 13.7%, impacted by increased SG&A expenses and unfavorable trade expense timing [5] - The company ended the quarter with cash and cash equivalents of $363.9 million and long-term debt of $12,673.2 million [11] Segment Performance - North America Retail segment revenues fell 10% year over year to $2,559.8 million, with a 29% decline in operating profit to $473.8 million [6] - International segment revenues increased by 11% to $738.9 million, with a 50% rise in operating profit to $33.7 million [7] - North America Pet segment revenues rose 12% to $675.2 million, while operating profit declined 3% to $140.1 million [8] - North America Foodservice revenues decreased by 2% to $579.4 million, but operating profit grew by 5% to $83.1 million [10] Future Outlook - For fiscal 2026, General Mills aims to revive volume-driven organic sales growth, with projected organic net sales ranging from a 1% decline to a 1% increase, and adjusted operating profit and EPS expected to decline by 10% to 15% in constant currency [14][15] - The company plans to focus on innovation and marketing, including the launch of Blue Buffalo in the fresh pet food segment [2][14]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Commission file number: 001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) Number One General Mills Boulevard Minneapolis, Minnesota 55426 (Address of principal executive offices) (Zip Code) (763) 764-7600 (Registrant's telephone number, including area code) ...

Group 1 - General Mills reported mixed Q4 results, with earnings of $0.74 per share beating expectations by 3 cents but down 25% from $1.01 per share in the same quarter last year [3][4] - Revenues for General Mills were $4.56 billion, missing estimates by 1.04%, and the stock is trading down 3% following the news [4] - Year-to-date, General Mills' stock is down 16% [4] Group 2 - Micron is set to report fiscal Q3 results, with expectations of a 156% year-over-year increase in earnings and a 30% rise in revenues [7] - Pre-market trading shows Micron down 1% at the moment but up more than 50% year to date [7]

Financial Data and Key Metrics Changes - The company is focused on returning to volume growth, particularly in North America Retail (NAR), with significant investments in value and advertising leading to positive results [6][9] - The pricing mix in North America Retail was down 3% and down 1% at the company level, indicating challenges in maintaining pricing power [50][56] Business Line Data and Key Metrics Changes - The company has seen share growth in its international businesses, foodservice, health share, and pet segments, indicating a positive trend across various business lines [8] - The pet food business has experienced volatility due to a high proportion of e-commerce sales, but overall inventory levels are in a good place [33][34] Market Data and Key Metrics Changes - The fresh pet food segment is currently valued at $3 billion and is projected to grow to $10 billion in the next ten years, highlighting significant market potential [67] - The overall pet food category is growing at a slower rate than previously expected, with current growth rates around 12% to 13% [65][66] Company Strategy and Development Direction - The company is committed to significant investments in advertising and new product launches to drive growth, particularly in the fresh pet food category [20][67] - The strategy includes targeted pricing actions in specific categories to maintain competitiveness without engaging in a race to the bottom [50][52] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to rebuild margins over time, despite current investments impacting short-term profitability [25][28] - The company is focused on improving its value proposition and marketing effectiveness to drive consumer engagement and sales growth [107][108] Other Important Information - The company is experiencing a shift in consumer preferences towards protein-rich products, with new product launches expected to capitalize on this trend [85][87] - There is an emphasis on seasonal innovation, with plans to increase seasonal product offerings by 50% to enhance consumer engagement [90] Q&A Session Summary Question: Insights on margin potential for Blue Buffalo - Management highlighted strong consumer resonance with the Blue Buffalo brand and expressed confidence in building a profitable business through national launch efforts [15][17] Question: Balancing reinvestment and margin profile - Management acknowledged the need for careful management of reinvestment to avoid long-term margin erosion, with some investments expected to be temporary [25][28] Question: Clarification on pet inventory levels - Management confirmed that pet inventory levels are stable, but acknowledged the inherent volatility in e-commerce sales affecting retail inventory [33][34] Question: Organic revenue phasing for the year - Management indicated that trade expense phasing will impact organic sales numbers, with expectations for gradual improvement as investments take effect [45][46] Question: Competitive response to pricing actions - Management emphasized that pricing actions are targeted and not a broad-based reduction, aiming to maintain brand value while improving marketing effectiveness [50][52] Question: Fresh pet food market growth expectations - Management remains optimistic about the fresh pet food segment's growth potential, citing ongoing trends in pet humanization and market expansion [65][67] Question: Salty snacks performance and strategy - Management acknowledged challenges in the salty snacks category due to discretionary spending but expressed confidence in upcoming innovations to drive improvement [108]

Financial Data and Key Metrics Changes - The company is focused on returning to volume growth, particularly in North America Retail (NAR), with significant investments in value and advertising leading to positive results [5][6] - The company reported a price mix decline of 3% in North America Retail and 1% at the enterprise level for the quarter [48][55] Business Line Data and Key Metrics Changes - The company has seen share growth in its international businesses, foodservice, health share, and pet segments, indicating a positive trend across various business lines [6][7] - The pet food business has shown stability and slight growth, with successful advertising campaigns contributing to improved performance [35][36] Market Data and Key Metrics Changes - The fresh pet food segment is projected to grow significantly, with expectations of reaching $10 billion in ten years, indicating a strong market opportunity [68] - The overall pet food category is currently growing at about 12% to 13%, down from previous higher growth rates, but still presents a substantial market for the company [66][68] Company Strategy and Development Direction - The company is committed to expanding value investments in targeted businesses and enhancing consumer engagement through new product launches and marketing initiatives [5][6] - The strategy includes a focus on innovation in protein offerings and leveraging seasonal marketing opportunities to drive sales [90][91] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to rebuild margins over time despite current reinvestment strategies, emphasizing the importance of achieving scale in new investments [25][26] - The company is prepared to navigate inflation and tariff impacts while maintaining flexibility in its strategic revenue management [64][66] Other Important Information - The company is experiencing variability in pet inventory levels due to the high proportion of e-commerce sales, which are more volatile compared to traditional retail channels [31][32] - Significant marketing investments are planned for the national launch of fresh pet food, with a focus on generating trial and awareness among consumers [101] Q&A Session Summary Question: Insights on margin potential for Blue Buffalo - Management highlighted strong repeat rates and consumer resonance with the Blue Buffalo brand, indicating confidence in building a profitable business through national launch efforts [15][16] Question: Ensuring responsible margin management amid reinvestment - Management noted that some reinvestment factors are temporary, and they expect to mitigate tariff impacts while managing costs effectively post-Yoplait divestiture [25][26] Question: Clarification on pet inventory expectations - Management indicated that while there is some lumpiness in pet inventory, overall levels are in a good place, and they are cautious about predicting future movements [31][32] Question: Organic revenue phasing and category growth expectations - Management acknowledged trade expense phasing impacts on organic sales and emphasized a focus on competitiveness rather than relying on category rebounds [43][44] Question: Competitive response to pricing reinvestments - Management assured that pricing actions are targeted and not a race to the bottom, with a focus on maintaining brand value while investing in marketing and innovation [48][49] Question: Future pricing power and fresh business growth - Management emphasized the need for a balanced approach to growth through volume and pricing, with confidence in the long-term potential of the fresh pet food segment [60][66] Question: Evaluation of organic innovation versus acquisitions - Management stated that they evaluate growth opportunities based on their ability to win organically and have confidence in their capabilities to succeed in the fresh pet food category [105][106] Question: Performance outlook for salty snacks - Management acknowledged challenges in the salty snacks category due to discretionary spending but expressed optimism about upcoming innovations and marketing strategies [110][111]