But why is this sector suddenly so attractive? The answer lies in a powerful convergence of demographics, economics, changing consumer behavior and a shift toward organised retail.Also Read: US multinational General Mills craves stake in Balaji Wafers, tooUrbanisation and lifestyle shifts are changing eating habitsIndia’s rapid urbanisation is reshaping how and what people eat. With more people living in cities, working longer hours, and commuting further, the demand for convenient, ready-to-eat snacks is ...

The Minneapolis-based owner of global brands such as Pillsbury and Betty Crocker has approached Balaji’s founders for a deal that could give it a majority holding, though the promoters are currently willing to sell only a 10% stake, two people with direct knowledge of the discussions said on condition of anonymity. Balaji Wafers said it is in talks with multiple players but discussions are still at an early stage. “We are insisting that the fundraise is just about bringing in professional management and no ...

财务业绩表现 - 第一季度调整后每股收益0.86美元超分析师预期0.81美元 [1] - 净销售额下降7%至45亿美元 有机收入下降3% [1] - 调整后营业利润按固定汇率计算下降18%至7.11亿美元 [2] 业务部门表现 - 北美零售部门销售额下降13% 受不利价格实现和产品组合影响 [1][3] - 北美宠物部门增长6% 其中收购Whitebridge Pet Brands贡献11个百分点 [3] - 国际销售额增长6% 北美餐饮服务销售额下降4% [3] 重大交易影响 - 完成美国酸奶业务剥离 产生10.5亿美元收益 [2] - 推动报告营业利润增长108%至17亿美元 稀释每股收益增长116%至2.22美元 [2] 业绩展望 - 重申2026财年指引 预计有机净销售额增长-1%至+1% [3] - 调整后营业利润和每股收益预计按固定汇率计算下降10%-15% [3]

财务数据关键指标变化：收入和利润 - 净销售额下降7%至45.175亿美元[79][80] - 营业利润增长108%至17.258亿美元[79][80] - 调整后营业利润下降18%至7.112亿美元[79][80] - 摊薄每股收益增长116%至2.22美元[79][80] - 调整后摊薄每股收益下降20%至0.86美元[79][80] - 有机净销售额下降3%[79][83][84] - 公司报告季度调整后营业利润为7.112亿美元，占净销售额的15.7%[144] - 公司报告季度营业利润按公认会计准则（GAAP）计算为17.258亿美元，占净销售额的38.2%[144] - 公司调整后营业利润同比下降18%，按固定汇率计算同样下降18%[147] - 公司调整后稀释每股收益（EPS）为0.86美元，同比下降20%，按固定汇率计算同样下降20%[149] - 公司因剥离资产获得10.544亿美元收益，占净销售额的23.3%[144] 财务数据关键指标变化：成本和费用 - 营业利润率上升2100个基点至38.2%[79][80] - 调整后营业利润率下降210个基点至15.7%[79][80] - 公司报告季度重组和转型费用为1830万美元，占净销售额的0.4%[144] - 公司报告季度调整后有效所得税率为24.1%[157] 各条业务线表现 - 北美零售净销售额下降13%至26.255亿美元[96][97] - 北美宠物业务净销售额增长6%至6.1亿美元（2025财年同期为5.761亿美元）[107][108] - 北美宠物有机净销售额下降5%，主要由于有机销量贡献下降4个百分点[109][110] - 北美餐饮服务净销售额下降4%至5.167亿美元（2025财年同期为5.362亿美元）[112][113] - 部门营业利润增长214%至6600万美元（2025财年同期为2100万美元）[106] - 公司北美零售部门营业利润按固定汇率计算同比下降24%[155] - 合资企业税后收益按固定汇率计算同比下降64%[153] 各地区表现 - 国际净销售额增长6%至7.602亿美元[102][103] - 国际有机净销售额在2026财年第一季度同比增长4%[105] - 公司国际部门营业利润按固定汇率计算同比增长196%[155] 现金流和融资活动 - 经营活动现金流为3.97亿美元，同比减少2.27亿美元[118] - 投资活动现金流为16.95亿美元，主要因出售美国酸奶业务获得17.98亿美元[119] - 融资活动现金流使用15.07亿美元，包括5亿美元股票回购和6.55亿美元净债务支付[120] - 公司持有34.748亿美元信贷额度，其中已使用2210万美元[122] - 长期债务中有21.66亿美元将在未来12个月内到期[124] 市场风险因素 - 公司面临美国及贸易伙伴关税政策变化风险[181] - 供应链中断或效率低下可能影响未来业绩[181] - 通胀率、利率及税率变化构成经济条件风险[181] - 消费者需求变化及零售环境整合带来市场风险[181] - 大宗商品价格波动影响原材料及包装成本[181] - 信息技术系统故障或数据泄露存在运营风险[181] 金融工具风险敞口 - 利率工具单日风险损失估计为4100万美元，季度减少500万美元，因利率波动性降低[183] - 外汇工具单日风险损失估计为5400万美元，季度增加300万美元，变动影响微小[183] - 商品工具单日风险损失估计为200万美元，季度减少100万美元，变动影响微小[183] - 股权工具单日风险损失估计为300万美元，季度无变化，影响微小[183]

While people on GLP-1 drugs are reducing their overall calories, the packaged-foods producer says they have a growing hunger for protein as they lose muscle mass. ...

Wednesday, September 17, 2025, saw U.S. stock markets deliver a mixed performance, largely influenced by a highly anticipated Federal Reserve interest rate decision and significant corporate news. While the Dow Jones Industrial Average showed resilience, both the S&P 500 and Nasdaq Composite edged lower, reflecting a cautious sentiment among investors. The market's primary focus remained squarely on the Federal Reserve's afternoon announcement, where a widely expected rate cut materialized, marking the firs ...

I have recently written about General Mills, Inc. (NYSE: GIS ), and I considered it an interesting company traded at a depressed price. We are not talking about a high-growth company, but over the decades, GISHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 27 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My interest in ...

I have recently written about General Mills, Inc. (NYSE: GIS ), and I considered it an interesting company traded at a depressed price. We are not talking about a high-growth company, but over the decades, GISHi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 27 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My interest in ...

核心财务表现 - 调整后每股收益0.86美元超预期81美分共识 但按固定汇率计算同比下滑20% [1][2] - 净销售额45.18亿美元同比下降7% 有机净销售额下降3% 超出44.99亿美元共识预期 [1][3] - 调整后毛利率34.2%收缩120个基点 主因投入成本通胀 [4] - 调整后营业利润按固定汇率计算下降18% 营业利润率收缩210个基点至15.7% [5] 细分业务表现 - 北美零售业务收入26.26亿美元同比下降13% 有机净销售额降5% 营业利润下降24% [6] - 国际业务收入7.6亿美元同比增长6% 有机净销售额增4% 营业利润从2100万美元增至6600万美元 [7] - 北美宠物业务收入6.1亿美元增6% 有机净销售额降5% 营业利润降5%至1.13亿美元 [8] - 北美餐饮服务业务收入5.17亿美元降4% 有机净销售额增1% 营业利润7100万美元持平去年 [9] 现金流与资本结构 - 期末现金及等价物9.53亿美元 长期债务122.18亿美元 股东权益95.07亿美元 [12] - 经营活动产生现金流3.97亿美元 资本投资1.1亿美元 [12] - 支付股息3.31亿美元 股票回购5亿美元 [12] 2026财年展望 - 有机净销售额预计在下降1%至增长1%之间 [15] - 调整后营业利润和每股收益预计按固定汇率下降10-15% [15] - 自由现金流转换率预计不低于调整后税后收益的95% [15] - 剥离和收购交易预计使净销售额减少约4% [15]

General Mills, Inc. (NYSE: GIS ) is not a stock for everyone. The company is widely renowned, having been around for over 150 years, producing packaged foods. Its brand portfolio includes names such as Pillsbury, Cheerios, Blue Buffalo, Betty Crocker, and many other popular ones. ItI’m a long-term investor focused on U.S. and European equities, with a dual emphasis on undervalued growth stocks and high-quality dividend growers. Through years of experience, I’ve learned that sustained profitability—evident i ...