General Mills Inc. (GIS) on Wednesday reported earnings of $346.1 million in its fiscal second quarter. The Minneapolis-based company said it had profit of 56 cents per share.
General Mills is bringing back popular ’90s cereal French Toast Crunch in a nod to nostalgia and in the hopes of boosting its weak cereal sales.
Click the link above to listen to Dave Lee’s Podcasts from Friday!
Miss something from a HUMP DAY version of the WCCO Morning News? Click the link above to hear John Hines Fleetwood Mac Concert Review and more…….
General Mills plans to cut 700 to 800 jobs, the second time it’s trimmed its work force in a month, as the food company wrestles with a shift by U.S. consumers away from boxed or frozen meals. The Minneapolis company expects about $135 million to $160 million in restructuring charges.
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.