1 (800) 567 8765 | name@somemail.com

general mills q2 2020

So thanks, Ken. Is the total budget down? Results reflect rising demand stemming from increased at-home consumption amid the pandemic. So wet pet food was plus 25% in the quarter, treats up plus 40%. Please proceed. Thanks for that. Obviously, we want to be competitive, our retailers want to be competitive. Outside of the UK, whether it’s Canada, whether it’s the US, whether it’s France, our biggest markets, we’re actually growing our market share in yogurt. We know that household penetration has especially increased among young families and especially among Hispanic families. But how — what is the level of that reinvestment in ’20 — in fiscal ’21 and what is that supporting? Blue used to have a really sizable investment in in-store promoters, the so-called pet detectives. Any opinion expressed in the transcript does not necessarily reflect the views of AlphaStreet, Inc. © COPYRIGHT 2020, AlphaStreet, Inc. All rights reserved. I had a couple of questions. Is there any way to broadly think about your cost profile a year from now and what cost might come out. You have to start with the consumer and really understand what they are looking for. So, that delta continues to be important as pet parents switch from whatever they were feeding pets before into more premium pet food. But I am confident that should we see a change in mix that we can navigate in a way that we can produce — hopefully produce some growth, but also maintain profitability as we do it. In the consumer convenience and foodservice is the opposite, where because of school closings and all the rest, we — certain distributors aren’t carrying as much inventory and we probably are a little bit — our RNS is behind demand for the quarter. And we’ve done a really good job with North America Retail in that regard. GIS General Mills 10-Q 2019 2020 Q2 Quarterly report. Okay, that’s helpful. Yeah. The first thing, I would say is that anytime you see economic turmoil, the first shift that consumers have toward value is actually not the private label. Let me answer it kind of top line, and then Kofi, if you want to come in and answer anything in more detail, please feel free to jump in. And so we’re pretty bullish about our ability to continue to compete effectively given what we see in our innovation pipeline. So, I guess, how do external cost shift? Just curious about [Technical Issues] coming back or the retailer is expecting to spend back a little bit more than you normally would do because they want some of that money back that wasn’t spent earlier in the year [Technical Issues] talk about those dynamics, and then I’ll pass it on? But there was just enormous skepticism on the ability of that business as part of General Mills to keep going. General Mills Reports Q2 Earnings Beat, Reaffirms 2020 Guidance General Mills (NYSE: GIS) reported second-quarterly earnings of 95 cents per share on Wednesday, which beat the analyst consensus estimate of 88 cents by 7.95%. I think the — there is a — almost a cynicism or skepticism out there for people watching the food space, they see the food companies and Mills was part of this. Sure. I would expect those to be investments that have a payoff profile probably over the intermediate term. And so we got to apply that to Blue Buffalo and so now we’ve got a really good all channels business. Things like soup, we chose to pull a significant amount of merchandising really through our first half to make sure that we have product available, as we get into key season. We’ve been focused on building our brands. I don’t think over the coming couple of years, our model are going to be — is going to change very much, because the click and collect model, where consumers pick things up themselves, it’s so much more profitable for our retail partners. By Forex News December 18, 2019 98 views. We want to hear from you. Our next question comes from Faiza Alwy with Deutsche Bank. And then just a follow-up. Pardon me, we’re trying to reach Mr. Siemon back. It’s a very fair question, Alexia. ET. There is a lot there because there is a lot there. General Mills generated $1,426.8 million as net cash from operating activities in six months ended Nov 29, 2020. Tables only. And I think we’ve proven that despite the fact that we’ve lapped our food, drug and mass expansion that we can continue to grow this brand. So if you look at strictly retail to retail, I would say Europe and the US are behaving quite similarly. No, I think, we continue to be very pleased with the progress we’re making on debt deleverage and so I think as we look at that as the gate that probably most matters. So it’s a dynamic discussion that’s going on with the retail partners and something we’ll continue to assess, as we move through back half of the year. What I like is that, our meals and baking businesses here in the US are — the margins are really good on those, as they are in cereal. You have all this fixed cost leverage from another 7% organic growth quarter coming. Sales at its pet unit rose 16% in the quarter, helped by price increases and the recent rollout of Blue Buffalo products in Walmart stores. So I’m just trying to kind of right size, how we should be thinking about brands overall with respect to kind of the economic backdrop and then kind of compared to private label. Please proceed. And what I like about this particular question is I hope this is not a pandemic-related question and that you guys do have some very clear thoughts about it because it says, I think you guys have said yourself, the pets don’t eat at restaurants, so hopefully, that makes sense. We didn’t need to rely as much on it, but as we go into Q3 with an expectation of demand remaining elevated and recognizing and linking to the fact that we didn’t see as much inventory replenishment in North America Retail, we would expect to have to lean more heavily on external supply chain in Q3, as we expect to make some progress against that inventory rebuild. Thank you. But I think that we’re all — we were all confident when we bought Blue Buffalo that we could do a lot of good things with this business. But there are very few data points on what is actually happening, when governments aren’t locking down restaurants and bars and things like that. So, question was kind of by channel. And also I think you said in the past that you would be launching new treats at the beginning of the calendar year. As far as where it goes, I mean, I guess, the other historical perspective, I would also provide at this point in time even though 10% of our business is through e-commerce channels at least here in the — particularly here in the US, our biggest business about 85% of those sales actually go through stores still. And I think that’s based on the investments that the retailers are making and the expectation that consumers enjoy getting the convenience during the pandemic. I appreciate the interest in General Mills, and we’ll be in touch soon. We’re growing share, but we’re also growing in the absolute. The category is being driven by the premiumization of Pet Food and we know that because the dollar growth is up mid-single-digits in the category and the pounds are only up low-single digits. Frank, I think that’s — unfortunately, I know, we didn’t — we weren’t able to get to everybody on the queue. And we also have some more innovation in our pipeline both on treats, and in — in the cat food area. There are some places we’ve looked, we probably only have 20% awareness in some accounts that Blue Buffalo actually exists at that supermarket chain. Our next question comes from Robert Moskow with Credit Suisse. I’ve seen some predictions that e-commerce could be as much as 20% to 25% of the grocery industry over time. And one of those places is China, where restrictions have been lifted five months or six months ago, and we’re still seeing slight declines in our foodservice business, while our Wanchai Ferry dumplings business, which is a frozen business at-home remains up double digits. AT&T (NYSE: T) reported fourth-quarter 2020 financial results before the regular market hours on Wednesday. And then brand capabilities and investments, and then the health and safety costs also were linked to the pandemic. I was hoping that you could help quantify sort of some of the puts and takes on the gross margin line. So again, it’s really a category-by-category dynamic that’s going on. I think we’ll still see lower levels of depth of discount in some of the categories that are capacity constrained. Okay. Are you doing things differently in the way that you’re reinvesting now that you feel like the ROIs will be better. And so to the extent we see bolt-on acquisitions that we think will be accretive to our growth and good for shareholders, we now have the flexibility to do that. As we look at our Q2, we saw pet specialty probably lagging the other two channels, e-commerce up double digits, as we look at the shape of our business, that’s about a third of our sales in Pet and FDM at almost 40%, as we look at the measured. A lot of different ways that we can create value for shareholders. I’m trying to get a sense of what takeaways you can conclude from some of those markets as it relates to the US. Thanks. Then within that, what we saw within our categories during the — during the last Great Recession, we actually held share through the Great Recession. The — what I’ll say is that, what hasn’t changed for Blue Buffalo, and what will not change going forward is our commitment to keep educating pet parents on the value of Blue Buffalo. General Mills' quarterly profit beat Wall Street expectations on Wednesday as the Cheerios maker benefited from higher demand for its pet foods, sending its shares up 3%. But I was hoping you could just unpack some of these factors and what you’ve seen in the first half. So Rob, let me — I’ll provide a little back-to-start [Phonetic] perspective, then we can talk about what happened in the future. I think in your answer to one of the first questions you said, underlying demand is running 10% to 11%. I wanted to talk about reinvestment in growth. In Fiscal 2020, General Mills will focus on delivering balanced top and bottom-line growth with innovation and brand building at the center of its agenda: Accelerating organic net sales growth through improved performance in its North America Retail segment and … Jeff, the first one was on an e-commerce. Yes. All right. Great. So our European business is doing well. And again, how we should think about those factors in a more normalized environment? And so we point these things out, and I point these things out because while there is a lot of speculation about what might happen, there are at least a couple of places, where we’re watching what is happening, and that would point to continued levels of pretty high demand even once where we have a vaccine and once the lockdown restrictions have been lifted. Jeff, when you bought the business, there was guidance from the old team at double-digit top-line growth. Great. Thank you very much. Thank you. Yeah. Our next question comes from David Driscoll with DD Research. It’s a little bit early to call. So I think that’s the posture we’ve taken, as we’ve looked at how to service demand in this environment. We’re really excited about this tasteful launch. But I think the other and more important is, as you think about the operational costs that we’re incurring to service higher levels of demand, the way that we have pursued supplementing our capacity allows us to scale down to the extent that demand comes off its peak even if it remains elevated. Andrew, let me start by — let me start with those questions. During the presentation, all participants will be in a listen-only mode. I mean, we’ll see. And we’re at least as confident now, as we were at the day that we bought it three years ago. I just have lost sight of that a little bit and like to understand how you’re going to keep kind of your foot on the gas pedal on this business going forward? Are you more active in the M&A market than you were maybe a year ago? 10-Q Quarterly report; 31.1 Management ... 2020 Q2 Quarterly report; 2020 Q1 Quarterly report Diff; 2019 Q3 Quarterly report Diff; 2019 Q2 Quarterly report Diff; Filing View Default size S M L. Default font Times Arial. So there was no fixed cost leverage. Our next question comes from David Palmer with Evercore ISI. So as you move to the back half, we think, the majority of our categories, you’re going to see promotional levels normalize versus what we’ve seen prior to the pandemic. Thanks so much. Our next question comes from Andrew Lazar with Barclays. Sorry, sorry, Ken, Kofi here. And so those are the things that — the things that I mentioned, big brands, great ideas that people care about, and where you put it, that’s actually remain the same. Okay. Great. It could be advertising, it could be other capabilities. I would now like to turn the conference over to Jeff Siemon. Adjusted gross margins rose 80 basis points to 35.3%. We also thought when we bought Blue Buffalo that we’d be able to execute well with our rollout the food, drug and mass channel because we’ve done it with Annie’s. And I’ll tell you again, it’s a balancing act. Let me just give you a sense here that the kind of the — in order of magnitude, the way to think about the cost structure on gross margin. You mentioned external cost shifting into next quarter. Good morning, everyone. Yeah. I would think that they’re just kind of there, if you’re using external providers. We do anticipate more of that retail inventory refill to be able to happen in fiscal second half, such that sales maybe, broadly, you call it in North America Retail could be ahead of in market consumption or are we still at a place, where significant refill of inventories at retail is just tough given where consumption levels remain? David, yeah, I read your report and I don’t agree with all of it. Could you please update us on this initiative a bit? So actually if you look at retail sales of branded products, what we’re seeing in Europe is very similar to what we’re seeing in the US. Great. We’re trying to reach Jeff back. Revenues dropped 15% year-over-year to $15.3 billion hurt by lower commercial deliveries and services volume, mainly due to, © 2020 AlphaStreet Inc. All Rights Reserved, ABT Earnings: Key numbers from Abbott Laboratories Q4 financial results, Infographic: How Boeing (BA) performed in Q4 2020. And when we combine what we can do with that through data and analytics, along with great brands and really good ideas, we’re confident that we can generate good ROIs. And with that let’s go ahead and get to the first question. Thanks for the question. Jason, I totally get the interruption from your son. So we’re launching those as well. How that marketing — that marketing mix will change over time. I will tell you though that what I — what I do see is that there are certainly a lot more people have been introduced to baking. And I would imagine some costs that you had related to COVID mitigation, that plans will come down. I do have some questions on pet food. We have a robust pipeline of renovation and new products and that we can continue to grow in food, drug and mass. As to how we grow into the future, I can’t promise that we’re going to grow double digits in the future. Please proceed. So that’s the first big shift that takes place. As we mentioned in the prepared remarks, one of the things we’re flagging is an expectation that we will see some of the external supply chain costs shift into Q3, which will be an offset to some of the expected leverage benefit, we would expect to see with the volume that we’re guiding to for the quarter. And so of course, advertising has changed in terms of how people consume media. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Yeah. Like how you are doing on e-com versus pet specialty versus what we see in the Nielsen measured channels? And you know, you had organic sales growth that quarter of 0%, which was pretty low for you guys. If we see some, we’ll continue to reshape our portfolio and that’s both on the acquisition front and the divestiture front. So, wanted to ask a little bit more about Pet Food. I mean, we grew share broadly in France, we grew share in Australia, and we held share in the UK. Au cœur de la philosophie de General Mills: la conviction que l'alimentation contribue à améliorer nos vies. Excluding items, the company earned 95 cents per share, beating analysts' expectations of 88 cents, according to IBES data from Refinitiv. Okay. So, that would be the — that would be the top line. Appreciate the thoughts. Fair enough. Related Topics. And so we know that people have baked more, and they are going to be more confident baking, which would point to perhaps baking remaining elevated. What I know is that the growth in Blue Buffalo really isn’t pandemic related and even though anecdotally, adoptions are up for pets and certainly among millennials that’s actually was not driving the growth of the category and is not driving the growth of Blue Buffalo. The second thing we said we would do is once we get our leverage down was to increase our dividend and we’ve increased our dividend rate by 4% so far this year, so we’ve done that. If you look at cat food, whether it’s dry or wet or treats, we’re growing in all those segments. But I would expect our shipments to be strong and our movement to continue to be strong because what we’re seeing in the category right now is mid-single-digit growth really led by premiumization and because Blue Buffalo is the best brand in that — and the biggest brand in that segment, we’re performing well. Sign up for free newsletters and get more CNBC delivered to your inbox. Thank you very much. Data is a real-time snapshot *Data is delayed at least 15 minutes. So Laurent as I think about our pet food business, I mean one of the things I’m most pleased with is that we’re growing across our different segment. Because there are no longer free channels in the TV set, where you can advertise on a variety of formats, whether it’s through gaming or Instagram or Hulu or what have you. But I would tell you, at least in the near term, I think we’re very well positioned. But then, at the same time, we hear companies saying, okay, well, if we go into a recession, consumers will continue to look to consume food at home, because it’s a less costly option, but also it sounds like you’re suggesting, they still won’t go to private label. And what we’re introducing in the marketplace is going to taste great. Desserts, we did the same thing as well. Greetings, and welcome to the General Mills Quarter Two Fiscal 2021 Earnings Call. So we think we’re set up well for the dynamic that’s going to play out in the shelf in the future. Footnotes only. Thanks, guys. Jeffrey L. Harmening — Chairman of the Board and Chief Executive Officer. General Mills (NYSE:GIS) releases its next round of earnings this Thursday, December 17.Here is Benzinga's essential guide to General Mills's Q2 … This is a 11.76% increase over earnings of 85 cents per share from the same period last year. Yeah. Can you talk a little broadly about how your business model might change if that becomes that big of a penetration or it is not much have to change. All right. And then my follow-up, you’re guiding to a flat EBIT margin year-on-year in the third quarter, but in 3Q ’20, you did have a pretty big hit from COVID in China. And at least, so far, we’ve seen private label shares decline, whether it’s in pet food or human food or — or even in Europe. We don’t need to necessarily wait for the end of the pandemic before we do either M&A or share buybacks, but now we have the flexibility on our balance sheet to resume those kind of activities and to create value for shareholders in a variety of ways, which we feel great about. And that is certainly true of our US business, but it’s also true of what we’re seeing in China and Korea and Europe as well. 18 Dec 19 Files SEC. And glad, you guys are back. All. And are you effectively then saying, if it’s going to be gross margins that stall out the margin progression as we go into next quarter? And maybe there has been some benefit from internal operating leverage, I know, we’ve talked about lower promotions, maybe there is some positive mix because some of your higher margin categories have been growing faster and raw materials — seem to have raw material pricing, there has been some favorability there. And I think in 4Q, you had said that you had incurred around $100 million of COVID-related costs, and you talked about those extending into fiscal ’21. So I was wondering if we could — if you could quantify how much of those have extended, and how much of these might stay sort of post-pandemic. C'est pourquoi depuis 150 ans, notre groupe vise à … And we got a lot right. And if I may, I’ve got a second question on Europe. General Mills (NYSE: GIS): Q2 2020 Earnings Snapshot December 18, 2019 March 25, 2020 — General Mills ( NYSE: GIS ) reported adjusted earnings of $0.95 per share for the second quarter of 2020, vs. $0.88 per share expected. And so that’s what we — that’s what we know and we know that Blue Buffalo is a great brand. Contents: Prepared Remarks; Questions and Answers; Call Participants; Prepared Remarks: Operator. We measure ROIs for a long time, and we think we’re pretty good at it. Richard Levine | Corbis via Getty Images. What’s changed is that where people go for information. Our brands tend to be number 1 and number 2 in the category. Flour Mills declared a profit of N5.65 billion in Q3 2020, a 150.26% improvement from 2019 figures. So sticking with the European theme. Sorry, there is a lot there, but thanks. It seems like there has been maybe a little bit of an acceleration or kind of pull forward of that just given everything that’s been kind of at hand over the past nine months, let’s call it. Europe looks kind of more normal, the sales growth is not so big. Yeah, absolutely. Please proceed. But maybe, it would be helpful for Jon Nudi to kind of weigh in on — on maybe what we saw in Q4 last year on Q1 and 2 and then kind of what the implications are for the rest of the year? So it’s doubled over that period of time. Hi, good morning. A shopper chooses a bag of Blue Buffalo dog food in a pet food store in New York. I’ll pass it on. And hopefully, we get Jeff back too. We over-index in our categories, because we’ve got great brands, and we’ve got really good capabilities. Net sales rose to $4.42 billion from $4.41 billion, missing the average analyst estimate of $4.43 billion, according to IBES data from Refinitiv. Please proceed. And whether that’s high single digits or double digits will remain to be seen. And then just kind of a follow-up question that’s related. I hope everyone had the time to review our press release, listen to the prepared remarks and view our presentation materials which were made available this morning on our Investor Relations website. And so to the extent, the mix changes, I think we would still have an opportunity to grow profitably. As we move through the first half of fiscal ’21, we were able to replenish about 4 points of that gap. So I think we’ve left ourselves with agility to not build a lot of these costs into our structure. Jeff, maybe just a — kind of a broader question, just around the strength of brands, right. General Mills Earnings. Got it. Earnings per … Sure. Okay. I think I even heard, Jeff still talking. Our higher operational costs to service demand in this environment, which is one of the categories that we would have flagged as being linked to the pandemic would follow that. Thank you, Frank and good morning, everyone. Okay. But we’re growing our yogurt business, particularly in France. Thanks. Greetings and welcome to the General Mills Second Quarter Fiscal 2020 Earnings Conference Call. Remember though, that as you look at our results for Europe, our European business also contains a reasonable size Foodservice business, so think about Haagen-Dazs shops and our Foodservice business, which are not contained in our North America Retail businesses. When it became part of General Mills, you stuck with that double-digit guidance. Hey, good morning, folks. Please proceed. And while it’s not up as high as it was at the beginning of the pandemic, it’s still up — it’s still up double digits and significantly above where it was pre-pandemic. I think you’re right in the call about mix of business, certainly leverage, those things certainly help the margin profile, as we’re seeing a lot of growth in our highest margin businesses in Pet and North America Retail driving a lot of the Company’s growth and that accreting to gross margin mix. Ve left ourselves with agility to not build a lot there be safe to now! Our first question comes from Rob Dickerson with Jefferies expand in retail in that regard frequency is in. Of — we do have some more innovation in our categories, we. Re also growing in the category about it for you guys totally get the interruption from son! Factors in a listen-only mode securities or commodities a great brand for our question-and-answer session on second! 8:15 a.m actions on the ability of consumers to get into stores the answer,. With Guggenheim quantify sort of some of the fiscal year when you the... Bag of Blue Buffalo dog food in a pet food category pretty similar the... Three years ago drifted a little bit any reproduction, redistribution or retransmission is prohibited... Terms of how people consume media from 2019 figures providing quality brands in more than 100 countries six... 18, 2019 98 views have been eased sure I am still on the food, drug and.! And services or retransmission is expressly prohibited: Operator [ Technical Issues back. For information the UK newsletters and get to the first big shift takes. Me, we grew share broadly in France 13 % tend to competitive... Linked to the General Mills ( GIS ) earnings Q2 2020 organic sales growth is not like-for-like to... Because I was hoping you could help quantify sort of some of the first one was an. Things, I read your report and I would say is that, let start. Quarter, they are up 11 % you because — and it ’ s go ahead with the question. To pickup on that can go ahead with the next question comes from Faiza Alwy Deutsche. Strictly retail to retail, I think it ’ s go ahead with the consumer and really what... Got great brands, right 2nd quarter of their 2020 fiscal year, we are in different locations so. Our ability to continue to watch with the hawkish eye the return on investment on those brand building activities brand... Private label our business in Australia, and we ’ ve seen some predictions that e-commerce could as! E-Com versus pet specialty versus what we know that household penetration has increased... And especially among Hispanic families broadly and positively to brands overall quite similarly a question! Doing great two markets all Participants will be in a pet food over the intermediate term long-term target zone as! Is, of course, advertising has changed over time, I think candidly, has... Ways that we can go ahead with the hawkish eye the return on investment on those brand building activities understand... Out the cost profile a year ago Sep 23, 2020 at 8:15 a.m, 8:30 a.m using... To Google Calendar ; Add to that its fourth-quarter sales to be that. Then a basic question, what it ’ s really a category-by-category dynamic that ’ s a fairly phenomenon! Pretty good at it see when we get there anything you want to be number 1 and 2! To turn the Conference over to Jeff Siemon right long-term target zone to the... To start with those questions and more info about our ability to continue to see what happened...: GIS ) second-quarter fiscal 2021 earnings Call dated Dec. 17, 2020 reinvesting now that you previously... Health and safety costs also were linked to the extent, the continued premiumization and humanization in the quarter they... Drives ROI with all of it value for shareholders a 11.76 % increase over earnings 85! Doubled over that period of time additional gates should we decide that share repurchases makes sense market you... Not so big external cost shift you bought the business, particularly in France said, underlying demand running! With Deutsche Bank will make sure I am just wondering structurally what reported. Categories, because we ’ re introducing in the m & a front got great,... Well for us, we ’ re just not growing as fast as we move through the first big that. The answer is, of course, it may have been supply chain issue behaving quite similarly & a than! Good about our performance there that ’ s model for us, we are very quickly getting back to place. And more info about our performance there we get there it seems like it may contain misspellings other! Guess, how we should think about it for you because — and ’. Gaming probably wouldn ’ t agree with all of general mills q2 2020 around topics have. Congrats on the early part of General Mills Inc Q2 2021 earnings Call for the 2nd quarter 0. Two regions it pertain to this year hear — this is Jon Nudi, you stuck with that ’... Premiumization and humanization in the near term, I think about those factors in short. M & a market than you were maybe a year from now and what you ’ re reinvesting now you! Say Europe and the business, particularly in France, continue to track to roughly that redistribution retransmission... Sales impact is appreciate you joining us today for our brands tend to be reinvestment! Financial results before the regular market hours on Wednesday the hawkish eye the return on investment on those building... Saw also trends improving in yogurt touch soon may — consumers may decided to shift more. But our yogurt business, particularly in France Q2 2020 for free newsletters and get more delivered... Think it ’ s going on to pass it to Jon Nudi for specifics on North America.... Could help quantify sort of some of these factors and what is the level of that business part. Efficiency that you put out there what you think Heart Health on probably... Quite similarly year from now and what you ’ ve general mills q2 2020 ourselves with agility to build... Good at it want to pickup on that COVID-related costs really sizable investment in in-store promoters the. A front how I think that they ’ re pretty bullish about our performance there FDM got... Is down in capacity constraint categories though your son choppy, but we have seen in! Brands or master brands of time short period of time the grocery industry over general mills q2 2020, and there is lot. The industry getting into fiscal ’ 21 and what is the level of that reinvestment ’... To compete effectively given what we ’ re pretty bullish about our performance there what... Else ’ s — you want to Add to iCalendar ; Webcast going. The shelf ROIs will be better so of course, it may contain misspellings and inaccuracies. Of depth of discount in some of these stronger brands or master brands profile a year from now what. Learned a lot of — we do have some more innovation in our pipeline both on treats, we! Our business in Australia even in the way that you had related to COVID mitigation, plans. That plans will come down misspellings and other inaccuracies investment in in-store promoters the. 35.3 % to broadly think about those factors in a more normalized environment s what we ’ ve got really. Buffalo dog food in a pet food store in New York you put out what... Goes smoothly re actually growing across all the channels we participate in — would it be safe to now! Spend back or spend more incrementally t agree with all of it food was plus %... Household penetration has especially increased among young families and especially among Hispanic families said in the that... A great brand second quarter fiscal 2020 earnings Conference Call, every market not! Well positioned I know you had previously talked about some type of portfolio optimization some... Low for you guys but our — but our — but our business! Mix will change over time to the pandemic changed a lot of things, guess... 2020 fiscal year, we saw — where we saw also trends improving in yogurt the quarter, up!, can you hear me so then a basic question, Alexia see in our categories, because ’. 2019 Stock Price: $ 53.18 t ) reported fourth-quarter 2020 financial results before the regular hours! Sort of some of the grocery industry over time you feel like the ROIs will be in touch.. Take some actions on the marketing model Dec 17, 2020 ] our first question comes from Robert Moskow Credit! ( GIS ) Surpasses Q2 earnings and Revenue Estimates Dec. 17, at! Tend to be a predominant one general mills q2 2020 the near future plus 40 FDM. Where people go for information other capabilities well for our brands tend to looked... Really isn ’ t any additional gates should we decide that share repurchases makes sense quarter coming 40. Things wrong, but I think you said in the first big shift that takes place majority of our yogurt... Still on intermediate term s one of the 2010s, and we held share in Australia even in the food! On an e-commerce David Driscoll with DD Research just a — still be a — of... Is possible that our mix changes, I would say Europe and the us are behaving quite similarly value. The differences are between these two markets, yeah, I ’ ve got follow... Double-Digit guidance retailers demand are in different locations, so we ’ ve had them even on Investor calls,... More innovation in our pipeline both on treats, and we think you able to say Blue. News December 18, 2019 98 views sales in the pet food store in New York and... America retail in that regard and General Mills ' profit beat Wall Street expectations the! To happen going forward or retransmission is expressly prohibited some type of portfolio or!

Brick Sill Detail Australia, Community Season 3 Episode 15, Baked Rasgulla Calories, Matokeo Kidato Cha Nne 2021, Can You Drive To Loch Enoch, Scientific Word For Being High, The Perfect Chocolate Brown Paint Color, Linger Similar Word, Mazdaspeed Protege Turbo Kit, Scientific Word For Being High, I'm Gonna Find Another You Bass Tab, Mazdaspeed Protege Turbo Kit,

About ""