General Mills(GIS)

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General Mills(GIS) - 2024 Q2 - Quarterly Report
2023-12-19 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) 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 ...
General Mills(GIS) - 2024 Q1 - Quarterly Report
2023-09-20 20:08
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDEDAUGUST 27, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or othe ...
General Mills(GIS) - 2024 Q1 - Earnings Call Transcript
2023-09-20 15:31
General Mills, Inc. (NYSE:GIS) Q1 2024 Earnings Conference Call September 20, 2023 9:00 AM ET Company Participants Jeff Siemon - Vice President of Investor Relations Jeff Harmening - Chairman and Chief Executive Officer Jon Nudi - Group President, North America Retail Kofi Bruce - Chief Financial Officer Conference Call Participants Ken Goldman - JPMorgan Robert Moskow - TD Cowen Andrew Lazar - Barclays Jason English - Goldman Sachs Chris Carey - Wells Fargo Securities Rob Dickerson - Jefferies Max Gumport ...
General Mills, Inc. (GIS) Barclays 2023 Global Consumer Staples Conference (Transcript)
2023-09-06 08:08
https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_b26e448759e2edad2916c0a836fa22ee.html ...
General Mills(GIS) - 2023 Q4 - Earnings Call Transcript
2023-06-28 15:36
General Mills, Inc. (NYSE:GIS) Q4 2023 Earnings Conference Call June 28, 2023 9:00 AM ET Company Participants Jeff Siemon - VP of IR Jeff Harmening - Chairman and CEO Kofi Bruce - CFO Jon Nudi - Group President, North America Retail Conference Call Participants John Baumgartner - Mizuho Securities Ken Goldman - JPMorgan Andrew Lazar - Barclays Pamela Kaufman - Morgan Stanley David Palmer - Evercore ISI Max Gumport - BNP Paribas Matthew Smith - Stifel Bryan Spillane - Bank of America Chris Carey - Wells Farg ...
General Mills(GIS) - 2023 Q4 - Earnings Call Presentation
2023-06-28 14:46
Fiscal 2023 Q4 Earnings June 28, 2023 ...
General Mills(GIS) - 2023 Q4 - Annual Report
2023-06-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDEDMAY 28, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or othe ...
General Mills, Inc. (GIS) Deutsche Bank - dbAccess Global Consumer Conference (Transcript)
2023-06-07 16:15
Summary of General Mills, Inc. Conference Call Company Overview - **Company**: General Mills, Inc. (NYSE: GIS) - **Event**: Deutsche Bank - dbAccess Global Consumer Conference - **Date**: June 7, 2023 - **Participants**: Jeff Harmening (Chairman and CEO), Steve Powers (Deutsche Bank) Key Industry Insights - **Current Market Conditions**: General Mills reported double-digit growth in its categories, with a Nielsen growth rate of 11% in North America Retail for Q4, down from 14% in the previous six months, but still strong [4][5] - **Market Share**: The company has gained market share in over 60% of its categories for the past four years, with this year seeing about 70% [4] - **Pricing Trends**: There is a noted slowdown in pricing due to declining inflation, with a 23% inflation over the last two years. Pricing increases were implemented in March across most product lines [12][13][14] - **Promotional Levels**: Promotional frequency has decreased by 15% to 20% since before the pandemic, but is expected to increase as inflation diminishes [14][15] Strategic Priorities - **Accelerate Strategy**: The company emphasizes the importance of prioritization in its strategy, focusing on core categories, M&A opportunities, and ESG initiatives [22][23] - **Productivity Focus**: A return to productivity efforts, termed holistic margin management, is planned as supply chains normalize [7][10] - **M&A Activity**: General Mills is looking for acquisition opportunities and potential divestitures to shape its portfolio [6][23] Financial Performance - **EBITDA Recovery**: The company is experiencing a rapid recovery in EBITDA, which is expected to positively impact the business [11] - **Investment in Innovation**: Continued investment in consumer innovation and data analytics is planned, with a focus on maintaining profitability while expanding capabilities [25][26] Sustainability Initiatives - **Standing for Good**: General Mills has a long-standing commitment to sustainability, focusing on reducing greenhouse gas emissions, promoting regenerative agriculture, and minimizing plastic waste [28][30][31] - **Consumer Engagement**: The company's sustainability efforts resonate with consumers and employees, enhancing brand loyalty and employee retention [32] Business Segment Performance - **North American Retail**: Accounts for approximately 75% of sales, with solid growth but some pressure on volumes due to pricing [33] - **Pet Food Segment**: Blue Buffalo is expected to lead growth, with challenges in the wet pet food category due to consumer behavior changes [52][55] - **Food Service Business**: A $2 billion segment that has shown resilience, particularly in K-12 schools and colleges [61][63] - **International Markets**: Growth strategies have been adjusted, focusing on profitable categories and divesting non-core businesses [66][68] Future Outlook - **Growth Projections**: General Mills aims for a 2% to 3% growth rate in a normalized environment, with potential for additional growth through M&A [72][73] - **Market Conditions**: The company is prepared for a volatile environment but believes its agility will allow it to navigate challenges effectively [78] Conclusion - **Investor Confidence**: General Mills is committed to its Accelerate strategy, focusing on agility, innovation, and sustainability to drive future growth and shareholder value [77][78]
General Mills(GIS) - 2023 Q3 - Earnings Call Transcript
2023-03-23 15:52
General Mills, Inc. (NYSE:GIS) Q3 2023 Results Conference Call March 23, 2023 9:00 AM ET Company Participants Jeff Siemon - Vice President, Investor Relations Jeff Harmening - Chairman and Chief Executive Officer Kofi Bruce - Chief Financial Officer Jon Nudi - Group President, North America Retail Conference Call Participants Andrew Lazar - Barclays Steve Powers - Deutsche Bank Ken Goldman - JPMorgan Alexia Howard - Bernstein John Baumgartner - Mizuho Bryan Spillane - Bank of America Operator Greetings, and ...
General Mills(GIS) - 2023 Q3 - Quarterly Report
2023-03-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDEDFEBRUARY 26, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM TO Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or ot ...