Feeds
HOW THEY DID: Minneapolis-based General Mills Inc. earned $420.6 million, or $1.25 per share, for the quarter that ended Aug. 30. That's up from $278.5 million, or 79 cents per share, a year earlier.
General Mills Inc., the maker of Cheerios and Yoplait yogurt, said Wednesday that its fiscal first-quarter profit surged 51 percent as ingredient costs fell and demand for its products remained strong.
General Mills Inc. reported Wednesday that its fiscal fourth-quarter profit beat estimates as sales of top brands like Cheerios rose while consumers continued eating at home.
General Mills is increasing its quarterly dividend by 9.3 percent.
Analysts lowered their price targets for General Mills Inc. on Thursday but said they still back the food maker, which has reported that high costs pushed down its third-quarter profit even though sales rose.
High costs weighed down General Mills' third-quarter profit even as sales of top brands like Cheerios, Pillsbury and Gold Medal flour grew as more consumers ate at home.
Cereal maker General Mills Inc. said Wednesday its second-quarter profit slipped 3 percent, but adjusted results beat expectations as costs of key ingredients eased and more shoppers reached for its Yoplait Yogurt, Cheerios and Progresso Soup brands.
Cheerios and Betty Crocker maker General Mills Inc. said Monday it plans to keep expanding its international business, the company's fastest-growing segment, and increase its marketing to offset the soft economy.
Here's a look at how General Mills Inc. fared across its segments in the first quarter of its fiscal year:
Sales of General Mills Inc. products like Cheerios and Betty Crocker dessert mixes rose in the first quarter as more consumers abandoned pricier restaurants, but the increase wasn't enough to stave off high commodity costs.
Cereal maker General Mills on Wednesday said profit fell 4 percent during its fiscal first quarter, as strong sales of products such as Gold Medal flour and Multi-Grain Cheerios failed to offset surging commodity costs.
Stephen Sanger got a nearly 14 percent raise in his final year as the chairman and chief executive of General Mills Inc., according to a filing with the Securities and Exchange Commission.
With ingredient prices popping up like toaster strudel, General Mills said on Wednesday it has raised cereal prices and might consider other price increases, too.
General Mills Inc. said Wednesday its profit climbed 61 percent in the third quarter as strong demand and higher prices led to a big rise in sales.
Food maker General Mills said Wednesday its profit edged up in the second quarter as higher sales helped offset rising ingredient costs, expenses from a pizza recall and more spending on marketing.
General Mills on Thursday recalled about 5 million frozen pizzas sold nationwide under the Totino's and Jeno's labels because of possible E. coli contamination.
Sugar Laden and Highly Processed Foods To Be Sold As “Smart Food Choices”A new food labeling program created by food giants is under scrutiny.
Ten more companies reportedly say they wont advertise on Beck, bringing total to 46Adding to an increasing list of companies distancing themselves from Fox News Channel's Glenn Beck, ten new companies whose ads were recently seen during Beck's program-Applebee's, Bank of America, Bell & Howell, DirecTv, General Mills, Kraft, Regions Financial Corporation, SAM ( …
Is Cheerios a drugA breakfast staple is coming under fire from the Food and Drug Administration. In a letter to General Mills, the FDA says Cheerios should be considered a drug.
FDA Takes Cheerios to Task for Boastful LabelsPresident Obama isn't just rewriting rules regulating the environment and the financial markets -- he is also going after the food industry. Target and example No. 1: Cheerios.
FDA Says Cheerios Is an Unapproved DrugHey, General Mills: If you want to say Cheerios is "clinically proven to lower cholesterol," you better get your whole-grain Os approved as a new drug by the FDA.
Cheerios Are a Drug? FDA's Surprising Letter to General Mills "Based on claims made on your product's label, we have determined that your Cheerios Toasted Whole Grain Oat Cereal is promoted for conditions that cause it to be a drug," the FDA said in a letter to General Mills which was posted on the federal agency's website Tuesday.
FDA Blasts General Mills Over Cheerios ClaimCereal Makers Scolded Because Claim Of Lowering Cholesterol 10 Percent In Month Makes It A "Drug"
FDA takes issue with Cheerios health claimsFederal regulators are scolding the maker of Cheerios, saying it made inappropriate claims about the popular cereal's ability to lower cholesterol and treat heart disease.
For first time, trace amount of mercury found in corn syrupExcerpt: A test of popular processed foods from some of the biggest names in the industry found trace amounts of mercury, according to the Institute for Agriculture and Trade Policy, a nonprofit group based in Minneapolis.
Foodmakers come up with 'Smart Choice' label to denote healthier fare Several of the nation's biggest food makers, including Northfield-based Kraft Foods, have created a common nutrition label that will be featured on the packaging of their products.
FOX Business Unveils the FOX 50That's why we at FOX Business decided to cobble together the FOX 50 (FOX50), an index of the largest U.S. companies that make the products you know and use every day. Think of it as the stock index of your life.
Log In | Register
