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MarketScreener Homepage  >  Equities  >  Nyse  >  General Mills, Inc.    GIS

GENERAL MILLS, INC.

(GIS)
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As Americans Grow Tired of Emptying the Dishwasher, Progresso Introduces the Perfect No-Mess Meal Option: Progresso Toppers™

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09/22/2020 | 08:01am EDT

Progresso’s most recent addition to its portfolio – Progresso Toppers™– is a delicious, portable option, with extra crunch and more flavor

Over the last six months, Americans are preparing more food at home than ever. This increase in at-home food preparation has led to an unwanted side effect: more dishwashing. According to a recent survey from Progresso Toppers™, two out of five parents are using their dishwasher more often and half (47%) claim they constantly have dirty dishes in the sink since the pandemic began. In addition, half of all Americans (50%) admit they prefer to make meals that don’t require cooking to avoid doing dishes afterwards.1

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200922005027/en/

Progresso Toppers™ are a new, no-mess way to enjoy Progresso's classic soups with tasty toppings for an extra crunch. (Photo: Business Wire)

Progresso Toppers™ are a new, no-mess way to enjoy Progresso's classic soups with tasty toppings for an extra crunch. (Photo: Business Wire)

Well, say hello to Progresso Toppers™, an all-new way to enjoy your favorite soups without creating a mess in the kitchen. Progresso Toppers allow you to enjoy our classic soups with tasty toppings for an extra crunch. From oyster crackers to tortilla strips, our curated toppings add a new, exciting texture to old favorites. Easy to make in minutes by microwaving, stirring and adding your Toppers™, these all-in-one tubs are delicious, fit conveniently into your schedule and use the finest quality ingredients.

“We know families are preparing more food than ever at home in these past six months,” said Chris Borges, senior brand manager for Progresso at General Mills. “So, we wanted to share an easy meal solution for consumers working at home, parents who are busy with kids and people who are looking for something that’s delicious without the mess. With this new offering, Progresso is excited to offer our classic soups with tasty toppings for an extra crunch, that’s big on flavor when you’re short on time.”

Like all of Progresso’s products, Progresso Toppers are made with the best ingredients, prepared with care and full of flavor. Progresso Toppers are available in five varieties: Chicken Noodle with Oyster Crackers, Tomato Basil with Cheddar Crackers, Broccoli Cheese with Oyster Crackers, Loaded Potato with Fried Onion Strings and Chicken Tortilla with Tortilla Strips. They are currently available on shelves in select retailers Nationwide. Visit progresso.com to learn more.

About General Mills

General Mills is a leading global food company whose purpose is to make food the world loves. Its brands include Cheerios, Annie's, Yoplait, Nature Valley, Häagen-Dazs, Betty Crocker, Pillsbury, Old El Paso, Wanchai Ferry, Yoki, BLUE and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2020 net sales of U.S. $17.6 billion. In addition, General Mills’ share of non-consolidated joint venture net sales totaled U.S. $1.0 billion.

1 The survey was conducted by YouGov, from Aug 19th – Aug 20th among 1,254 nationally representative consumers with a margin of error of +/-2.77.

© Business Wire 2020

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Financials (USD)
Sales 2021 17 492 M - -
Net income 2021 2 238 M - -
Net Debt 2021 11 293 M - -
P/E ratio 2021 16,9x
Yield 2021 3,30%
Capitalization 37 768 M 37 768 M -
EV / Sales 2021 2,80x
EV / Sales 2022 2,77x
Nbr of Employees 35 000
Free-Float 80,9%
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Technical analysis trends GENERAL MILLS, INC.
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 21
Average target price 63,82 $
Last Close Price 61,78 $
Spread / Highest target 18,2%
Spread / Average Target 3,29%
Spread / Lowest Target -17,4%
EPS Revisions
Managers
NameTitle
Jeffrey L. Harmening Chairman & Chief Executive Officer
Kofi A. Bruce Chief Financial Officer
Jodi J. Benson Chief Innovation, Technology & Quality Officer
Jaime Montemayor Chief Technology & Digital Officer
Stephen A. Odland Independent Director
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