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Green Giant squashes General Mills profits

2015-07-01 15:18:37| Agriculture - Topix.net

General Mills Inc. reported weaker-than-expected sales for the fourth quarter of fiscal 2015 and said profits were cut in half as it took a big asset-impairment charge related to its Green Giant vegetable business. The Golden Valley-based company reported earnings of $186.8 million , or 30 cents per share, for the quarter, down from $404.6 million, or 65 cents per share, in the same period a year ago.

Tags: general green giant profits

Movers & Shakers: Constellation, General Mills, Ford, GM in the spotlight

2015-07-01 06:47:16| Agriculture - Topix.net

Among the shares are expected to see active trade in Wednesday's session are those of Constellation Brands Inc., General Mills Inc., Ford Motor Co. and General Motors Co.

Tags: the general ford spotlight

General Mills Stands Out in a Weak Consumer Staples Sector

2015-06-29 18:45:19| Agriculture - Topix.net

NEW YORK -- Consumer staples companies have been a disapointment so far this year, with year-to-date gains of less than half of 1% compared to the 2% gains in the S&P 500 Known for its Cheerios cereal, Yoplait yogurt and other ready-to-eat foods, the Minnesota company will report fiscal fourth-quarter and full-year results Wednesday before the opening bell. Keep an eye on this stock as the company looks to reinvent itself at a time of declining cereal consumption by launching dozens of new products and marketing initiatives.

Tags: general consumer sector stands

Look For General Mills To Miss Earnings Expectations

2015-06-29 08:37:43| Agriculture - Topix.net

General Mills has been an economic powerhouse for decades. The stock, likewise, has made its shareholders quite a mint of money especially over the last year.

Tags: general miss expectations earnings