New User:

Forgot your password?

Stock Market & Financial Investment News

News Breaks
April 4, 2014
07:33 EDTGISGeneral Mills downgraded to Hold from Buy at Argus
Argus downgraded General Mills due to a weaker outlook for yogurt sales and the cereal business.
News For GIS From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
October 5, 2015
15:32 EDTGISGeneral Mills issues voluntary recall of Cheerios, Honey Nut Cheerios
General Mills is voluntarily recalling several days of production of Cheerios and Honey Nut Cheerios cereal produced at its Lodi, California facility on certain dates in July of this year because of an undeclared allergen - wheat - with potential adverse health effects. Because this recall relates to an undeclared allergen, this is a Class I product recall. Cheerios and Honey Nut Cheerios produced on these dates at the company's Lodi, California facility are being recalled because an isolated incident resulted in wheat flour being inadvertently introduced into the gluten free oat flour system at its Lodi facility. As a result, the products may contain an undeclared allergen - wheat - in products labeled as gluten-free. General Mills will recall and retrieve affected cereals produced on those dates from customer warehouses and store shelves. Consumers with wheat allergies, celiac disease or gluten intolerance should not consume products bearing the affected code dates and should contact General Mills for a replacement or full refund. This voluntary recall includes four days production of original (yellow box) Cheerios, and thirteen days of production of Honey Nut Cheerios at its Lodi, California facility with the following "BETTER IF USED BY" code dates and the plant code LD which indicates the product was produced at Lodi, California.
October 2, 2015
15:17 EDTGISGeneral Mills voluntarily recalls Cascadian Farm Cut Green Beans
Subscribe for More Information
September 28, 2015
09:22 EDTGISGeneral Mills management to meet with JPMorgan
Subscribe for More Information
September 25, 2015
06:48 EDTGISCereal makers tweak recipes in emerging markets, WSJ says
Subscribe for More Information
September 22, 2015
12:22 EDTGISConAgra falls after Q1 revenue significantly misses estimates
Shares of packaged food company ConAgra (CAG) are falling after the company's first quarter revenue fell significantly short of analysts' consensus estimates. WHAT'S NEW: This morning, ConAgra reported Q1 adjusted earnings per share of 45c, ahead of the consensus of 40c, and revenue of $2.79B, well short of expectations of $3.67B. ConAgra reported Q1 Consumer Foods sales of approximately $1.7B and Commercial Foods segment sales of $1.1B. The divestiture process for the private label operations is proceeding as planned, and the company expects to have an announcement on the outcome of this process later this fall. The company will assess opportunities to increase the dividend after it is further along with the strategic plan outlined at the end of fiscal 2015. WHAT'S NOTABLE: Looking ahead to Q2, the company expects diluted EPS, adjusted for items impacting comparability, to be approximately in line with year-ago comparable amounts, compared to consensus of 63c. Despite strong fundamentals and expectations for continued margin expansion, comparable operating profits for the Consumer Foods segment in the fiscal second quarter are expected to be negatively impacted by foreign exchange, as well as a planned increase in marketing investment. Profits for the Commercial Foods segment are expected to post an increase in profitability year-over-year in the fiscal second quarter. Expected contribution from the private label operations, which are now in discontinued operations, is included in this guidance. On its Q1 conference call, ConAgra said its private brands divestiture was "on track" and there was "a lot of interest" in it. Management noted that they were "aggressively" pursuing maximizing actions and making "good progress" on margin improvement efforts. They said they were committed to an investment grade rating, marketing investments will increase throughout the year, and results from the last six months indicate positivity going forward. They said the company took a $1.95B charge on private label business in Q1, but remain confident that they will realize a tax benefit from the capital loss. PRICE ACTION: In early afternoon trading, ConAgra fell $2.39, or about 5.64%, to $40.01 on heavy trading volume. Despite the pull back, the shares have gained approximately 19% over the past 12 months. OTHERS TO WATCH: Other companies in the packaged foods space include Boulder Brands (BDBD), down 0.5%, Pinnacle Foods (PF), down 2.5%, General Mills (GIS), up 0.6%, JM Smucker (SJM), down 3%, and TreeHouse Foods (THS), down 0.4%.
09:08 EDTGISGeneral Mills says to increase consumer investment in Larabar in 2H
08:38 EDTGISGeneral Mills sees Green Giant deal dilutive to FY16 EPS by 5c-7c
Subscribe for More Information
07:07 EDTGISGeneral Mills backs FY16 adjusted EPS to grow at mid single-digit rate
Subscribe for More Information
07:03 EDTGISGeneral Mills reports Q1 adjusted EPS 79c, consensus 69c
Reports Q1 revenue $4.21B, consensus $4.25B. On a constant currency basis, net sales increased 4%.
07:01 EDTGISGeneral Mills volatility low into Q1 and outlook
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the disclaimer & terms of use