General Mills Inc

NYSE: GIS
$71.61
+$0.79 (+1.1%)
Closing price April 24, 2024
General Mills Inc is a global manufacturer of branded consumer foods, known for its wide range of products including cereals, yogurts, soups, meal kits, and frozen dough, among others. It also has a significant presence in the pet food market. With iconic brands like Cheerios, Häagen-Dazs, and Betty Crocker under its belt, the company caters to a diverse consumer base through grocery stores, e-commerce platforms, and foodservice operators. Founded in 1866 and based in Minneapolis, Minnesota, General Mills continues to serve up everyday foods that people love.
General Mills shares hit a new multiyear low after its "disappointing" fiscal third-quarter earnings report and guidance.
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Bed Bath & Beyond, General Mills, Kellogg, and Uniti Group all posted new 52-week lows Wednesday.
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General Mills says that it will accelerate its commitment to more than double the organic acreage from which it sources ingredients.