General Mills, Inc. (NYSE:GIS) is included among the 14 Best Food Dividend Stocks to Buy According to Analysts. General Mills (GIS) Remains One of the Most Reliable Food Dividend Stocks for Steady income General Mills, Inc. (NYSE:GIS) is one of those companies that’s been around so long, most people don’t even realize how many of their favorite brands it owns. From Cheerios and Pillsbury to Häagen-Dazs, Progresso, Yoplait, and Green Giant, its products cover just about every aisle in the grocery store. ...

General Mills is to shut three factories in the US as part of the company’s bid to cut costs and improve productivity. In a stock-exchange filing, General Mills said it will close three facilities in Missouri it acquired in the last three years by the end of its 2029 fiscal year. The group said it would also conduct “the consolidation of assets at certain of our other facilities”. In May, General Mills set out a “global transformation” programme to make the business more productive. As a consequence, t ...

This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. General Mills is closing three manufacturing plants in Missouri as the cereal and snacks company aims to make its supply chain more competitive. The closures, part of a multiyear organizational initiative, will impact a pizza crust facility in St. Charles and two pet food locations in Joplin that General Mills acquired as part of its $1.45 billion purchase of Whitebridge P ...

Financial Data and Key Metrics Changes - Fiscal 2025 results did not meet expectations, with organic net sales and adjusted operating profit falling short, despite exceeding cost savings and free cash flow conversion goals [4][5][6] - Delivered Holistic Margin Management (HMM) savings totaling 5% of cost of goods, which is at the top of the industry [5][6] - Strong free cash conversion in fiscal 2025 allowed the company to return $2.5 billion to shareholders through dividends and share repurchases [6] Business Line Data and Key Metrics Changes - The North America yogurt business was divested, and Whitebridge Pet Brands was added to the North America Pet segment, focusing on categories with stronger long-term growth opportunities [6] - The company has turned over 30% of its net sales base since fiscal 2018, contributing more than a point of growth to projected long-term category growth exposure [6] Market Data and Key Metrics Changes - In Q1 fiscal 2026, there was a low single-digit decline in organic net sales and a double-digit decline in adjusted operating profit and adjusted diluted earnings per share [9][10] - End market results were broadly in line with expectations, with strength in pound share on eight of the top ten categories in North America Retail [9] Company Strategy and Development Direction - The Accelerate strategy remains the framework for long-term growth and returns, focusing on restoring volume-driven organic sales growth in fiscal 2026 [4][10] - Three priorities for fiscal 2026 include returning the North America Retail segment to volume growth, accelerating growth in North America Pet, and driving efficiencies to reinvest in growth [7][8] Management's Comments on Operating Environment and Future Outlook - The company is navigating an evolving operating environment characterized by economic uncertainty, geopolitical conflict, and regulatory changes [6][10] - Management is confident in the ability to restore sustainable, volume-driven organic sales growth, which is seen as the foundation for long-term value creation [10] Other Important Information - The company reported preliminary voting results indicating that all management proposals were approved, while both shareholder proposals failed to gain majority support [24][25] Q&A Session Summary Question: Approach to supporting healthy diets and providing nutrient information - The company has a history of providing access to important nutrition and has consistently evolved its portfolio to improve nutritional characteristics [29] Question: Thoughts on M&A activity in the food industry and divestiture criteria - The company maintains an ongoing M&A capability and has turned over about 30% of its net sales base since fiscal 2018 to focus on brands with stronger growth prospects [30] Question: Global transformation initiative and savings reinvestment - The global transformation initiative is expected to generate $100 million in savings for fiscal 2026, which will be reinvested to fuel growth investments [31]

Financial Data and Key Metrics Changes - Fiscal 2025 results did not meet expectations, with organic net sales and adjusted operating profit falling short, despite exceeding cost savings and free cash flow conversion goals [4][5] - Delivered savings totaling 5% of cost of goods, which is at the top of the industry, helping to offset input cost inflation [5][6] - Strong free cash conversion in fiscal 2025 allowed the company to return $2.5 billion to shareholders through dividends and share repurchases [6] Business Line Data and Key Metrics Changes - The North America yogurt business was divested, and White Bridge Pet Brands was added to the North America Pet segment, focusing on categories with stronger long-term growth opportunities [6] - The company has turned over 30% of its net sales base since fiscal 2018, contributing more than a point of growth to projected long-term category growth exposure [6] Market Data and Key Metrics Changes - In the first quarter of fiscal 2026, there was a low single-digit decline in organic net sales and a double-digit decline in adjusted operating profit and adjusted diluted earnings per share [9] - End market results were broadly in line with expectations, with strength in pound share on eight of the top ten categories in North America retail [9] Company Strategy and Development Direction - The Accelerate strategy remains the framework for driving long-term growth and returns for shareholders, focusing on restoring volume-driven organic sales growth in fiscal 2026 [4][10] - Three priorities for fiscal 2026 include returning the North America Retail segment to volume growth, accelerating growth in North America Pet, and driving efficiencies to reinvest in growth [7][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a challenging macro-economic backdrop and value-seeking consumer behavior that pressured top-line results [5][10] - The company is focused on restoring sustainable, volume-driven organic sales growth, which is seen as the foundation for long-term value creation [10] Other Important Information - The company reported preliminary voting results indicating that all management proposals were approved, while both shareholder proposals failed to gain majority support [24][25] Q&A Session Summary Question: Approach to supporting healthy diets and providing nutrient information - The company has a long history of providing access to important nutrition and has consistently evolved its portfolio to improve nutritional characteristics [29] Question: Thoughts on transformational M&A activity in the food industry - The company maintains an always-on M&A capability and will continue to look for opportunities to upgrade its growth profile through acquisitions and divestitures [30] Question: Global transformation initiative and expected savings - The global transformation initiative is designed to enhance and streamline processes, with savings expected to be reinvested into growth investments [31]

Financial Data and Key Metrics Changes - Fiscal 2025 results did not meet expectations, with organic net sales and adjusted operating profit falling short, despite exceeding cost savings and free cash flow conversion goals [4][5][10] - Delivered savings totaling 5% of cost of goods, which is at the top of the industry, helping to offset input cost inflation [5][6] - Strong free cash conversion in fiscal 2025 allowed the company to return $2.5 billion to shareholders through dividends and share repurchases [6] Business Line Data and Key Metrics Changes - The North America yogurt business was divested, and White Bridge Pet Brands was added to the North America Pet segment, focusing on categories with stronger long-term growth opportunities [6][8] - The company has turned over 30% of its net sales base since fiscal 2018, contributing more than a point of growth to projected long-term category growth exposure [6][10] Market Data and Key Metrics Changes - In Q1 fiscal 2026, there was a low single-digit decline in organic net sales and a double-digit decline in adjusted operating profit and adjusted diluted earnings per share [10][11] - The company expects declines to continue in Q2 before improving in the second half and returning to growth in Q4 [11] Company Strategy and Development Direction - The Accelerate strategy remains the framework for driving long-term growth and returns for shareholders, focusing on restoring volume-driven organic sales growth in fiscal 2026 [4][8] - Three priorities for fiscal 2026 include returning the North America Retail segment to volume growth, accelerating growth in North America Pet, and driving efficiencies to reinvest in growth [8][9] - The Remarkable Experiences Framework will assess brands across five dimensions to identify strengths and opportunities for improvement [9] Management's Comments on Operating Environment and Future Outlook - The management acknowledges a challenging macro-economic backdrop and value-seeking consumer behavior impacting top-line results [5][7] - The company is focused on balancing reinvestment for long-term growth with cost savings to fund that growth [8][11] - Confidence in the ability to deliver fiscal 2026 goals is emphasized, supported by strong brands and industry-leading capabilities [11] Other Important Information - The company reported preliminary voting results indicating that all management proposals were approved, while both shareholder proposals failed to gain majority support [24][25] Q&A Session Summary Question: Approach to supporting healthy diets and providing nutrient information - The company has a long history of providing access to important nutrition and has consistently evolved its portfolio to improve nutritional characteristics [28] Question: Thoughts on transformational M&A activity in the food industry - The company maintains an always-on M&A capability and will continue to look for opportunities to upgrade the growth profile through acquisitions and divestitures [30] Question: Global transformation initiative and expected savings - The global transformation initiative is designed to enhance processes and free up resources for reinvestment, with savings expected to be utilized for growth investments [31]

Corporate Developments - China has instructed its largest tech companies, including Alibaba, not to purchase Nvidia's AI chips, effectively banning tens of thousands of orders, which led to a nearly 3% drop in Nvidia shares [4] - General Mills reported quarterly sales that exceeded estimates; however, shares declined after the company warned of a challenging consumer environment [5] - Cracker Barrel's results are under scrutiny following controversy over its now-abandoned logo change [5] Economic Context - The Federal Reserve cut interest rates by 25 basis points, marking the first reduction of the year, with the Dow Jones Industrial Average rising by 0.5%, while the S&P 500 and Nasdaq Composite fell by 0.1% and 0.3% respectively [1] - Fed Chair Jerome Powell described the rate cut as a "risk management cut" due to a deteriorating labor market amidst high inflation, with indications of two more rate cuts expected this year [2] - Concerns over the Federal Reserve's independence are growing, particularly with President Trump's influence over policymakers, highlighted by the dissent from newly confirmed Fed governor Stephen Miran who advocated for a 50 basis point cut [3]

Company Overview - General Mills, Inc. is a well-established company with over 150 years in the packaged foods industry, known for its popular brands such as Pillsbury, Cheerios, Blue Buffalo, and Betty Crocker [1] Investment Philosophy - The focus is on long-term investment in U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is considered a more reliable driver of returns than valuation alone [1] Personal Investment Approach - The investment strategy aims to ensure sufficient assets for freedom in work and lifestyle, rather than complete financial independence from work [1]

Company Overview - General Mills, Inc. is a well-established company with over 150 years in the packaged foods industry, known for its popular brands such as Pillsbury, Cheerios, Blue Buffalo, and Betty Crocker [1] Investment Philosophy - The focus is on long-term investment in U.S. and European equities, emphasizing undervalued growth stocks and high-quality dividend growers [1] - Sustained profitability, characterized by strong margins, stable and expanding free cash flow, and high returns on invested capital, is considered a more reliable driver of returns than valuation alone [1] Personal Investment Approach - The investment strategy aims to ensure sufficient assets for freedom in work and lifestyle, rather than complete financial independence from work [1]

Hello and welcome to Morning Brief Market Sunrise. I'm Raman Karamali live from Yahoo Finance Studios in London. It's Wednesday 17th September.Coming up on the show, the Fed is widely expected to cut interest rates later today. The big question, how many more cuts for 2025. China has told tech firms to stop buying Nvidia's AI chips.That's according to the FT. And the UK and US sign a 42 billion dollar tech pact to mark President Trump's state visit. So grab your coffee and let's own the morning.The Fed is o ...