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Consensus $4.19. Raises FY23 organic net sales view to up 10%-11% from up 10%. Free cash flow conversion is still expected to be at least 90 percent of adjusted after-tax [...]

Consensus $4.00. Raises FY23 organic net sales view to up 6%-7% from up 4%-5%. Sees FY23 adjusted operating profit flat to up 3%. Sees FY23 free cash flow conversion at [...]

General Mills has renewed its five-year $2.7 billion revolving credit facility, which now includes a pricing structure that is tied to environmental impact metrics. General Mills is the first U.S. [...]

General Mills reported it has renewed its five-year $2.7 billion revolving credit facility, which now includes a pricing structure that is tied to environmental impact metrics. According to a media [...]

Byline: Andy Coyne US alternative meat start-up Meati Foods has raised US$28m in a Series A funding round. The round was led by Acre Venture Partners with participation from new [...]

The company now expects free cash flow conversion of at least 105% of adjusted after-tax earnings, which is ahead of the previous guidance of at least 95%. Currency translation is [...]

RBC Capital analyst David Palmer nudged his price target on General Mills to $52 from $50 and kept his Sector Perform rating, saying that while the company's sales trends have [...]

Where were you a year ago? Last Nov. 1 found General Mills Chairman & CEO Stephen Sanger ringing the opening bell at the New York Stock Exchange to mark General [...]

Growth is expected to be modest for the larger capitalized companies in the food industry during 1999 as raising sales will be difficult. Many companies will divest themselves of underperforming product lines and non-core areas, and acquisitions and consolidation within the industry is expected to continue as well. These stocks are only mediocre selections for investors in 1999, and stocks ranked as the most timely should be favored.

Consolidation is the name of the game in the food processing industry. Processors are acquiring companies and merging primarily to boost market share; secondarily, to diversify. With developed markets mature, the best growth opportunities are in the emerging markets of Latin America, Asia and Eastern Europe, where food processing infrastructure is lacking. Most food stocks are flat, but investors should consider issues with 1 and 2 Safety ranks.

The food processing industry is expected to experience weak prospects as a result of an improving economy and increasing competition in the food reseller market. Investors are shunning defensive investments and instead are concentrating on cyclical and capital-intensive companies. Competition from distribution points such as warehouse clubs and mass merchandisers has led resellers to reduce inventories, which impacts the food processing industry. Few investments in this industry are promising, but conservative investors could profit from long-term gains from large-capitalization issues.

The food industry stocks are flat during 1994, and these firms have faced such obstacles as the recession, during which the public turned to less expensive private brand products, which had evolved into higher quality products. In addition, the industry has faced increased competition from discount retailers and warehouse clubs. Some firms are expanding internationally or moving into new product areas.

Food processing industry stocks are expected to do better in the long term and in international markets than in the short term domestically. The industry has an average Timeliness rank but several companies are good options for conservative investors. The price/earnings ratio has fallen below the historic norm for the industry. Large companies that are expanding in rapidly growing foreign markets include Wrigley, Sara Lee, Kellogg and Heinz.

Food processing stocks are ranked among the lowest for being appropriate to buy in 1993. The industry has been hit with the recession in 1990-1991, which has caused consumers to purchase more private store brand products. As a result, generic products have improved in quality and brand-name products have suffered in sales. In addition, computer technology has made inventory tracking more efficient, and, consequently, inventories have been kept lower. However, as the recession eases, the public is expected to return to brand-name foods.

The National Dairy Council has partnered with General Mills Foodservice for the fourth consecutive year to offer Fuel Up Breakfast Grants - providing children an opportunity for a nutritious breakfast [...]

The National Dairy Council has partnered with General Mills Foodservice for the fourth consecutive year to offer Fuel Up Breakfast Grants - providing children an opportunity for a nutritious breakfast [...]