General Mills Inc. on Wednesday reported profit of $345.2 million in its fiscal first quarter. On a per-share basis, the Minneapolis-based company said it had profit of 55 cents. Earnings, adjusted for non-recurring costs and restructuring costs, were 61 cents per share.
Packaged food giant General Mills is buying Annie’s, the maker of rabbit-shaped mac and cheese, adding to its natural and organic packaged offerings as consumers’ tastes change. General Mills Inc., the company behind Pillsbury dough, Progresso soups, Yoplait yogurts and Cinnamon Toast Crunch cereal, is trying to cut cost and has tweaked its recipes as sales stagnate.
General Mills hopes a pinch of cinnamon and a dash of fiber will be a recipe for stronger sales. The Minneapolis-based company is doing things like adding more cinnamon to its Cinnamon Toast Crunch cereal and rolling out fiber-packed “better for you” cookies to boost the performance of its brands, which include Pillsbury dough, Betty Crocker baking mixes and Progresso soups.
Gluten-Free, high-protein and “total indulgence”, those are the phrases of inspiration for General Mills’ newest groceries. The Twin Cities-based company just launched its newest line of products.
A University of Minnesota food scientist has died, nine days after he was pulled from a private pool during a Memorial Day gathering in St. Louis Park. The Hennepin County medical examiner’s office said Friday that 48-year-old Koushik Seetharaman died Tuesday at Hennepin County Medical Center. The cause of death was a lack of oxygen to the brain. Doctors believe he suffered a cardiac arrest in the pool.
The fun factor is pretty high at the exhibit that just opened at the Minnesota History Center: Toys of the 50s, 60s and 70s (or as a History Center staffer put it, “From the Cold War to Star Wars”).
It is rare that big business news breaks on a Saturday night before a holiday. But that is what happened at 10 p.m. last night when General Mills chose to announce it was reversing a days-old policy, in which the company tried to get consumers to give up their right to sue.
A Minnesota company drew a firestorm of criticism for changing their legal terms. So now, they’re changing them back.
Plain old Cheerios are no longer made with genetically modified ingredients, but the switch hasn’t yet translated to a boost in sales. General Mills, the company that makes the cereal, in January announced it would start making its plain Cheerios without GMOs, or genetically modified organisms.
Rough winter weather took a bite out of General Mills’ fiscal third-quarter sales, and the cereal maker’s results missed Wall Street expectations. The maker of Cheerios, Yoplait and Betty Crocker products said Wednesday that its fiscal third-quarter net income rose 3 percent.
General Mills, whose brands include Cheerios, Yoplait and Betty Crocker, on Friday issued a lower-than-expected profit prediction for its fiscal third quarter, citing lower demand for its products in developed markets.
A boom in using trains to ship oil to Minnesota could cause a shortage at the breakfast table. The Wall Street Journal reports that Canada is months behind in grain shipments, as railroads have been shipping more oil instead.
General Mills’ Super Bowl commercial was ranked among audiences ten favorite ads from Sunday evening. The ad for Cheerios brought back the fictional interracial family who first appeared in a commercial last year.
Cheerios is bringing back an interracial family to star in its Super Bowl ad. They were featured in an ad last year that made headlines after it sparked ugly comments online. But the negative remarks were followed by an outpouring of support for the fictional family.
Monday was Martin Luther King Jr. Day, and tributes for the late civil rights leader were held across the country.