General Mills completes sale of Brazilian business to 3corações
The divestiture includes local brands Yoki and Kitano and supply facilities. This move supports portfolio reshaping efforts for profitable growth.
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Global manufacturer of packaged foods and pet nutrition products
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In short: General Mills reaffirmed its fiscal 2027 guidance, initiated a $3 billion cost-cutting plan, and divested underperforming global assets.
The divestiture includes local brands Yoki and Kitano and supply facilities. This move supports portfolio reshaping efforts for profitable growth.
The collaboration supports farmers adopting practices to improve soil health, water quality, and carbon sequestration across 40,000 Midwest wheat acres.
Fiscal 2027 outlook includes improved organic growth, $3 billion cost savings target by 2030, and quarterly dividend declared.
Buyer is an investor group including Ningji and will receive an exclusive brand license for ice cream shops and gifting; closing expected in 2026, financial terms undisclosed.
General Mills, Inc. GIS will release earnings for its first quarter before the opening bell on Wednesday, Sept. 23. Analysts expect the Minneapolis, Minnesota-based company...
General Mills plans $3 billion in cost cuts while prioritizing debt reduction over stock buybacks and keeping a high bar for acquisitions.
MINNEAPOLIS -- (BUSINESS WIRE)--Sep. 8, 2026-- In conjunction with its participation at the 2026 Barclays Global Consumer Staples Conference, General Mills (NYSE: GIS) provided a...
Conagra and Campbell's already made their moves, but several other legacy food giants are sending...
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