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General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; and Asia & Latin America; and Pet. Read More The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores & Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe & Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia & Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.
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The Motley FoolMar 22
General Mills Returns to Growth
Investors had expressed growing optimism heading into General Mills' (NYSE:GIS) fiscal third-quarter report. The snack and cereal giant has been struggling with major shifts in demand in its core packaged food business, but its last earnings announcement contained faint signs of a building rebound. In its business update this week, the company again achieved impressive financial gains, which helped it outperform most investors' earnings expectations. However, it came up short in sales, leading to a growth ...
The Motley FoolMar 22
How General Mills Is Getting Its Mojo Back
General Mills (NYSE:GIS) introduced Lucky Charms exactly 55 years ago, and on Wednesday, it showed the markets that its luck may be turning.
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