Solid Contributions from Price and Mix Should Help General Mills Offset Category-Wide Headwinds.
We’re encouraged by wide-moat General Mills' second-quarter results, which included 5% sales growth (a 1% decline on an organic basis) and a 2% improvement in organic price/mix. Year to date, price/mix has contributed around 2 points of sales growth, standing above the 1% contribution in fiscal 2018 and our roughly 1% full-year expectation, as the firm bolsters innovation across its categories. This supports our contention that consumer goods companies can leverage pricing to help offset broader...General Mills manufactures and markets branded consumer foods. The company's segments are: North America Retail, which provides cereals, refrigerated yogurt, soup, meal kits, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and organic products, among others; Convenience Stores and Foodservice, which provides snacks, yogurt, frozen meals and frozen dough products, and baking mixes, among others; Europe and Australia, which includes retail and foodservice businesses in the Europe and Australia region; Asia and Latin America, which consists of retail and foodservice businesses in the Asia and South America regions; and Pets, which includes pet food products.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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