General Mills Inc
NYSE:GIS

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General Mills Inc Logo
General Mills Inc
NYSE:GIS
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Price: 45.93 USD -0.11% Market Closed
Market Cap: 24.5B USD

General Mills Inc
Investor Relations

In the bustling arena of the global food industry, General Mills Inc. emerges as a stalwart, weaving its narrative through a rich tapestry of household brands and beloved products. Founded in the late 19th century, the company has continuously evolved, deftly maneuvering through the changing tides of consumer preferences and market demands. Headquartered in Golden Valley, Minnesota, General Mills is a powerhouse that has established a significant footprint in over 100 countries worldwide. The company garners a robust line-up of products spanning across cereals, snacks, dairy products, and pet foods, with iconic brands like Cheerios, Betty Crocker, Haagen-Dazs, and Blue Buffalo forming the backbone of its portfolio. This vast assortment is strategically developed to capture both traditional aisles in brick-and-mortar supermarkets and the swiftly expanding e-commerce sector.

At the core of its operational prowess is a keen focus on innovation and an astute understanding of market dynamics. General Mills thrives on its ability to identify and capitalize on burgeoning food trends—organic, natural, and wellness-focused products—realigning its offerings to meet the changing tastes of discerning consumers. The company invests significantly in research and development, aiming to not only refine existing products but also to pioneer new ones that push the culinary envelope. Meanwhile, strategic acquisitions have allowed General Mills to broaden its market reach and diversify its revenue streams. By leveraging efficient supply chain mechanisms and strong retailer relationships, it ensures that its products maintain prominence on shelves across the globe. Thus, through a confluence of strategic agility and brand resilience, General Mills continues to generate substantial revenue and remains a formidable player in the dynamic landscape of the global food industry.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Sep 17, 2025
AI Summary
Q1 2026

Guidance Reaffirmed: General Mills reaffirmed its fiscal 2026 guidance, expressing increased confidence that its strategy is working and Q1 results were in line with expectations.

Focus on Organic Growth: Management emphasized a return to profitable organic growth, supported by pricing adjustments, innovation, and marketing investments.

Profit Pressures Near Term: Q1 profit was pressured by increased investment, the yogurt divestiture, and timing effects, with similar pressures expected in Q2 before improvement in the back half of the year.

Volume Share Gains: The company strengthened pound share in 8 of its top 10 categories, though total volume declined 1% due to softness in certain segments and shipment timing in Pet.

Pet Business Mixed: Pet segment held pound share, but Wilderness and specialty channels lagged; new product launches and a fresh food initiative are underway.

Innovation Acceleration: New product volumes are up 25%, and new product sales now represent about 5% of total sales, versus 3.5% a year ago.

Margin Outperformed: Gross margin and profit outperformed expectations in Q1 due to lighter inflation and timing benefits, but these are expected to unwind in Q2.

Category Environment: Underlying consumer demand and category growth are generally in line or slightly better than expected, with pricing and value investments driving improved household penetration.

Key Financials
Volume
Down 1%
New Product Sales
5% of sales
Pet Dollar Share
Down 15 bps
New Product Volume
Up 25%
Earnings Call Recording
Other Earnings Calls

Management

Ms. Karen Wilson Thissen
General Counsel & Corporate Secretary
No Bio Available
Mr. Jonathon J. Nudi
Group President of Pet & International and North America Foodservice (NAF)
No Bio Available
Ms. Dana M. McNabb
Group President of North America Retail
No Bio Available
Mr. Mark A. Pallot
VP & Chief Accounting Officer
No Bio Available
Ms. Lanette Shaffer Werner
Chief Innovation, Technology & Quality (ITQ) Officer
No Bio Available
Mr. Jano Cabrera
Chief Communications Officer
No Bio Available
Ms. Jacqueline R. Williams-Roll
Chief Human Resources Officer
No Bio Available
Ms. Bethany C. Quam
President of U.S. Morning Foods
No Bio Available
Mr. Ricardo Fernandez
President of International Segment
No Bio Available
Mr. Pankaj Sharma
Segment President of North America Foodservice
No Bio Available

Contacts

Address
MINNESOTA
Minneapolis
Number One General Mills Blvd
Contacts
+17637647600.0
www.generalmills.com