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News Breaks
February 18, 2014
07:00 EDTGISGeneral Mills reaffirms FY14 EPS view of $2.87-$2.90, consensus $2.88
In conjunction with a presentation at the Consumer Analyst Group of New York, or CAGNY, investor conference, General Mills reaffirmed its earnings guidance for the fiscal year ending May 25, 2014. Guidance for adjusted diluted EPS continues to be a range of $2.87-$2.90. As previously noted, devaluation of the Venezuelan bolivar would likely put results at the low end of this range.
News For GIS From The Last 14 Days
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November 30, 2015
11:45 EDTGISJ & J Snack Foods announces partnership with General Mills
J&J Snack Foods Corp. (JJSF) announced a new partnership with General Mills (GIS) to introduce Pillsbury Mini Pies. These frozen dessert squares will be available in three varieties: Apple Cinnamon, S'mores and Chocolate Lava. These pies will be sold at retailers nationwide in frozen dessert sections, as well as in warehouse clubs.
November 25, 2015
05:43 EDTGISGeneral Mills to use only cage-free eggs by 2025, Reuters reports
General Mills plans to use only cage-fee eggs in its U.S. operations by 2025, reports Reuters. The company had said it was working toward using cage-free eggs in its products in July, but this is a the first time a packaged food company has given a timeline. Reference Link
November 18, 2015
09:06 EDTGISHain Celestial weakness looks overdone, says Bernstein
Bernstein notes that Hain Celestial (HAIN) is now trading at a lower valuation than a number of "ostensibly more challenged food companies like" Kellogg (K) and General Mills (GIS). The firm expects the company to benefit over the longer term from current food trends. It trimmed its price target on the name to $50 from $60 and keeps an Outperform rating.

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