general mills

General Mills, Inc. recently disclosed its financial report during an earnings call where CEO Jeff Harmening shared insights into the company's ongoing strategies and areas for improvement. He said, "In the presentation, we highlighted four key areas we're focusing on and a couple of aspects that we believe we can enhance to improve the company's profile. Of these, there are two that we're confident about. This illustrates the continued strength of the Blue brand." He continued, "We've revised our advertising strategy for the Life Protection Formula, and we've observed steady improvements in that aspect of the business."

Contrastingly, during the previous quarter, General Mills provided more extensive information. They noted significant growth in the retail, and convenience store & foodservice segments - a trend largely attributed to increased at-home food consumption during the pandemic. The company also mentioned their active investment in digital improvements aimed at boosting e-commerce and improving operational efficiency. The contrast in the level of detail in the most recent earnings call warrants attention, raising questions about the changing dynamics of the company's internal and external environment.

General Mills has been actively engaging in strategic business decisions. On February 1, 2022, they entered an agreement to sell their European dough businesses to the Cérélia Group. Furthermore, General Mills has increased their quarterly dividend by 4%, raising it from $0.51 to $0.53 per share. These developments suggest the company's enduring financial health and demonstration of commitment towards its shareholders.

Harmening's reference to "working on and improving certain aspects" might be an allusion to significant business maneuvers such as the sale of the dough businesses. This could suggest a shift towards a growth strategy that prioritizes high-revenue or high-margin business segments. The dividend increase may be perceived as an attempt by General Mills to reassure investors amidst a backdrop of reduced transparency in sharing business plans and insights. Thus, the CEO's statements provide some indication of the potential future direction of the company.

GIS Company info: https://finance.yahoo.com/quote//profile

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On this episode of Two Fat Guys Eat, we wax philosophical about the best breakfast cereals of the past and present! We talk about our all-time favorites, Brian gushes over his favorite movie tie-ins while Colin and Sean talk about the lack of prizes in their cereals (replaced with mazes on the box).

Our subject from this episode is various kinds of cereals of our past. Sorry, no direct link this time.

Show Theme: "Two Fat Guys Eat" by Derek Schiable - https://www.metrolabmusic.com

On this episode of Two Fat Guys Eat, the Breakfast Battle that no one asked for! We taste-test and rank all of General Mills' Monster Cereals (Count Chocula, Franken Berry, Boo Berry, Yummy Mummy, and Fruit Brute)! We make surprising combinations and discuss why we should have these cereals year-round (and not just in October).

Our subject from this episode is General Mills' "Monster Cereals" Line - https://www.generalmills.com/

Show Theme: "Two Fat Guys Eat" by Derek Schiable - https://www.metrolabmusic.com

Heritage Financial Website: https://www.heritagefinancialaz.com/

Today, Shanna Tingom is rejoined by Hayden Gerwien of Howard Capital Management.  Did you know that you may have more control of your work retirement plan than you realize, including 401k, 403b, and 457 plans?

A self directed brokerage account, or SDBA, allows you to utilize a third party money manager.  About 40% of employers allow this in their retirement plans, including some large companies in the area, including ASU, U of A, and Intel.

If you don't have this option through your employer plan, there are other tools offered by Heritage Financial and Howard Capital Management. 

The 401K Optimizer Plan is an overlay tool that will look at the options available to you in your retirement account, recommend an initial investment, and provide ongoing advice as well.

Howard's Guided Retirement Plan takes the pressure off of the investor and actively manages your portfolio.

For more information about any of these services, Howard Capital Management and Heritage Financial work together, and you can contact Shanna at https://www.heritagefinancialaz.com/

In this episode of The CMO Podcast, Jim is joined by Bethany Quam, Group President at Blue Buffalo Co. The company is the leader in premium quality, all-natural pet nutrition and General Mills' fastest-growing categories which is up 25% in the most recent quarter. 

Bethany has been with General Mills for nearly 30 years—and, in her words, she's had five different careers within the company. In this conversation, Bethany talks about her experience continuing a founder's story after an acquisition. She also talks about the importance of doing something new often and the best ways to give feedback. 

CMOs often hold one of the most innovative and challenging roles in business today. Those who excel can operate at the highest level to drive growth and create value for their organizations. To learn more how Deloitte helps bolster the value CMOs deliver, visit www.cmo.deloitte.com  

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Brad Hiranaga is the Chief Brand Officer for General Mills, North America. General Mills is a 154-year-old legacy brand that generates $18 billion in revenue, with over 100 brands in 15 categories in its portfolio. Brad has been with General Mills for over 15 years and has worked on some of their most innovative marketing campaigns. 

In this conversation Brad credits his family for his success as a marketer and explains why it's important to always listen to your intuition, even when the data says otherwise. Brad also shares his approach for dealing with failures, how General Mills is adopting purpose across its brands, and how brand loyalty informed Brad's instincts as a marketer.

Support our sponsor Deloitte and experience their guidance on resilience for brands in navigating the COVID-19 pandemic. Learn more at Deloitte.com

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