General Mills Inc (NYSE:GIS)

$ 70.3803 0.1203 (0.17%) Market Cap: 39.73 Bil Enterprise Value: 51.59 Bil PE Ratio: 16.14 PB Ratio: 4.21 GF Score: 77/100

General Mills Inc at Consumer Analyst Group of New York (CAGNY) Virtual Conference Transcript

Feb 20, 2024 / 01:00PM GMT

Release Date Price: $65.78 (+2.62%)

Transcript

Unidentified Analyst

In keeping with a very long-standing tradition that has lasted over 40 years, we turn to General Mills for the first presentation of the conference. Implicit within the word tradition is the idea that conditions remain constant or unchanged. And that certainly pertains to General Mills in relation to the quality of its products and the values behind it's brands. And even in the consistency of results which are evidenced in this morning's press release.

At the same time, it has been said that the only constant in life is change, something that General Mills embraced in the most positive sense of the phrase. The company continues to grow its investment in brand building and innovation. And more recently, has invested significantly to build this digital and technological capabilities, all informed by consumer insights and funded by a strong track record of cost savings through a robust supply chain and holistic margin management productivity program. This is complemented by an always-on M&A strategy that has resulted in a steady stream of portfolio reshaping activity over the past

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