Unstructured Finance

Deals wrap: Yoplait to split a yogurt with General Mills

March 18, 2011

General Mills cereals are displayed on a kitchen counter in Golden, Colorado December 17, 2009. REUTERS/Rick Wilking

After months of tense negotiations that involved members of the French government, management disputes and influence from an agricultural lobby General Mills is set to pay $1.12 billion for private equity fund PAI Partners half of the Yoplait yogurt brand.

Campbell Soup CEO blasts rival Progresso

July 13, 2010

*Corrects blog post from Tuesday to show General Mills’ “World Recipes” soups are “ready-to-serve” not “ready-to-drink”.  

Check Out Line: Beware the ides of rising costs for food companies

July 1, 2010

gis1Check out fears of rising costs for U.S. food companies.

Rising commodity costs and promotional discounts are pressuring profit margins for food companies and analysts said more may be on the horizon.

Check Out Line: General Mills’ new Cheerios a hit, but private label bites

March 24, 2010

CheeriosCheck out the power of new products to get shoppers going.

General Mills reported some pretty good results for its third quarter as shoppers gobbled up its new chocolate Cheerios cereal and the company got a boost from lower commodity costs.

Sugar shortage spawns sweet jokes from late-night comedian

August 21, 2009

By Christopher Doering 
The surge in sugar prices and potential risk of a shortage has provided some sweet fodder for one late-night comedian who can’t help but poke fun at the attention the tasty ingredient is receiving.
colbertStephen Colbert, who hosts the Colbert Report on Comedy Central, spent part of his show this week lamenting the sugar crisis. 
After showing a montage of television clips about the sugar situation, Colbert proceeded to break a glass cover — similar to one containing a fire extinguisher — and pulled out a bag of sugar, which he dosed all over himself.
“Oh my God, there’s a sugar shortage,” said Colbert. “How could this happen. Well, like interstate highways and potable water it’s the government’s fault.”
Large U.S. food companies, including Kraft Foods, General Mills Inc and Hershey Co, have been pushing the Obama administration to ease sugar import curbs, citing forecasts for unprecedented sugar shortages that could result in higher retail prices and possible job losses.
In a letter to U.S. Agriculture Secretary Tom Vilsack dated Aug. 5, the companies and other groups warned that “our nation will virtually run out of sugar,” if a USDA forecast is accurate.
“Can you imagine an America with no sugar?” said Colbert. “Juice would contain nothing but 10 percent juice and we’d all be eating uncaramelized apples. What are we going to do?” 

Check Out Line: More dark clouds in retailing

May 13, 2009

sale1Check out more bad news in the retail sector.

U.S. retail sales slumped for the second straight month, coming in weaker than analysts had expected due to sluggish gasoline and electronic goods purchases. Meanwhile, U.S. foreclosure activity in April jumped to a record high, further pressuring home prices and making a recovery tougher.

Check Out Line: Tale of two trends for General Mills

March 18, 2009

Check Out quarterly results at General Mills.hamburger

The maker of Progresso soups, Hamburger Helper and Green Giant frozen vegetables posted a disappointing profit for its fiscal third quarter. Even its slightly higher full-year outlook is below Wall Street’s expectations.

Check Out Line: Food makers surprise Wall St on the upside

December 17, 2008

cag2Check out those higher prices at the grocery store helping General Mills and ConAgra to post quarterly results above Wall Street expectations.

Check Out Line: Bad jobs data follows bad sales data

November 7, 2008

Check out more bad news for retailers headed into the holiday season.

On Friday, fresh data showed the U.S. economy shed 240,000 jobs in October, worse than the 200,000 decline that was forecast. The Labor Department said the national unemployment rate shot up to 6.5 percent from 6.1 percent in September — the highest since March 1994.

Check Out Line: General Mills Cheers Investors

March 19, 2008

cheerios1.jpgCheck out rising profit at General Mills

The maker of Cheerios cereal, Green Giant vegetables and Yoplait yogurt said cost cuts and worldwide demand aided results in its third quarter. Sales rose 16 percent in both its snacks and baking products divisions and 14 percent for Yoplait.