On Wednesday, General Mills posted its 2026 second quarter fiscal report, detailing an overall decline in earnings and sales. Net sales decreased 7% year-over-year, to $4.9 billion, and operating profit saw a 32% decrease, to $728 million. Organic net sales experienced a 1% decrease; net earnings attributable to General
Tag: General Mills
General Mills announced Monday it will do more in the pet food aisle starting this summer. And the Golden Valley-based company is targeting what it describes as the fastest growing
The state holds steady with 17 companies on the list, but half of them saw revenue declines in fiscal 2024.
General Mills Inc. is bidding adieu to its North American yogurt business. On Thursday, the Golden Valley-based food giant announced that it will sell its North American yogurt business, including
At G-Works, General Mills’ corporate venture studio, teams are creating innovative solutions to consumer-related food problems. School lunches for kids ranked high on the list of parental pain points observed by
Golden Valley-based food giant General Mills aims to tackle food insecurity with its latest investment. Last week, the company was named as an investor in a $42 million funding round
Months after media personality Sheletta Brundidge called out Target and other large companies for making equity commitments but not investing in local Black media, Target has signed on as an
Kellogg’s, the Michigan-based food conglomerate, recently announced a plan to split into three separate companies focused on cereal, snacks, and plant foods. This shift in strategy could alter food industry
Golden Valley-based General Mills Inc. on Wednesday announced that it has inked a deal to sell its Helper and Suddenly Salad brands for $610 million. The buyer is Cleveland, Ohio-based
The United States' sanctions on Russia are unprecedented and far-reaching. Until now, there has never been such a comprehensive set of sanctions placed against a country as large and as
General Mills on Wednesday announced a $15 million investment into two early-stage venture capital funds, both of which have been launched by women of color. The Golden Valley-based food giant
Plant based diets are gaining popularity, as the ever-expanding grocery aisle of meat alternatives suggests. But non-dairy cheeses have been slower to catch on. So what's a plant-based eater to
Golden Valley-based food giant General Mills Inc. is pouring more money into the plant-based food market. Last week, Maryland-based vegan burger startup Everything Legendary announced that it has landed $6
Not every company names its growth strategy. But General Mills Inc. is a global marketing machine, so the Golden Valley-based behemoth dubbed its spring 2021 blueprint “Accelerate.” The company is
Despite three quarters of strong sales, General Mills Inc. plans to cut hundreds of positions across the globe. In a virtual meeting with employees on Friday, the company said it
Golden Valley-based General Mills is looking to grow its business among four-legged consumers. The Fortune 500 company announced on Friday morning that it has a deal to pay $1.2 billion
Golden Valley-based food giant General Mills saw both revenue and profit grow substantially in the company’s third fiscal quarter. On Wednesday, the company reported quarterly revenue of $4.52 billion, up
New York City-based Pet Plate has raised $9 million in a funding round backed by 301 INC, General Mills’ venture capital arm.