General Mills makes gains in the U.S. and abroad due to COVID-related at-home eating habits

/ / News

General Mills Inc. said Tuesday that it has made market share gains in the U.S. and abroad due to at-home eating habits during the coronavirus pandemic. The food company’s brands include Cheerios, Yoplait and Häagen-Dazs. General Mills gave a business update ahead of its participation in the 2020 Barclays Global Consumer Staples Conference. General Mills will be presenting on Wednesday. Among the international markets where it has made gains are China, Brazil, France and Canada. General Mills expects fiscal 2021 adjusted operating profit margin to be in line with fiscal 2020 levels, though the company said it faces headwinds from factors including ongoing health and safety expenses. General Mills stock has gained nearly 18% for the year to date while the S&P 500 index is up 6.1% for the period.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit for more information on this news.