General Mills: Pet Food Will Drive Growth, Reiterating My Buy Rating

Core Viewpoint - General Mills, Inc. (GIS) has experienced a decline in share price after reaching an all-time high in May 2023, primarily due to inflation and decreasing sales in certain brand categories affecting both revenue and profit margins [1]. Group 1: Financial Performance - The company has faced challenges with sales, which have been impacted by inflationary pressures and a downturn in specific product categories [1]. - The decline in sales has affected both the top line (revenue) and bottom line (net income) of the company [1]. Group 2: Investment Perspective - The article reflects a long-term investment strategy focused on dividend growth and capital appreciation, indicating a preference for undervalued large-cap stocks [1]. - There is an emphasis on the potential for growth in tech and small- to mid-cap stocks, regardless of dividend payments [1].