Skip to main content

Sales flat at General Mills; 50 new products coming in next 6 months

  • Author:
  • Updated:

Betty Crocker and the Green Giant will get lots of new cousins in 2014.

General Mills says a wave of new products will carry over into the new year, the Business Journal reports. The Golden Valley-based company says it plans to release more than 50 new retail products in the next six months. That's in addition to 100 that it launched in the past six months, the Business Journal says. Many of the new offerings will be snack foods, although five new breakfast cereals are in the works.

The new lines might give a boost to a company where sales were flat in the most recent quarter, although earnings did rise 1.5 percent, the Wall Street Journal notes.

In Wednesday's earnings report, General Mills said newly acquired businesses overseas helped offset weak growth in the U.S. The Wall Street Journal reports that cereal and yogurt have been a drag on business recently, but the company is looking to improved marketing in the new year to change that.

Marketing is something that must be done carefully, though, particularly when it comes to breakfast cereal. CBS reports government officials have taken a dim view of the use of animated mascots such as Tony the Tiger, who has long hawked Frosted Flakes (formerly Sugar Frosted Flakes) for Kellogg's.

Investor Place made General Mills its stock of the day Wednesday. The editor of Blue Chip Growth ultimately advised investors that General Mills is a brand worth holding.

Next Up

court room

Teen pleads guilty in shooting death of 15-year-old girl in Columbia Heights

Damico Jamal-Tokyo High will receive a sentence in juvenile court, along with an adult prison sentence.

Screen Shot 2022-04-25 at 11.00.01 AM

Walz wants to use surplus money to send direct payments to Minnesotans

It's a renewed effort from a previous proposal from Walz and Lt. Gov. Peggy Flanagan's supplemental budget in January.

Ron Johnson

Jan. 6 committee says aide for WI senator tried to give fake elector info to Pence

The attempt was discovered through text messages in the ongoing public hearing held by the Jan. 6 select committee.

Stock U of M sign

Minnesota state colleges boosting tuition again by 3.5%

The Minnesota State system's Board of Trustee's approved the increase Wednesday.


Minnesota's COVID-19 update for Friday, June 24

The next daily update will be provided Monday, June 27.

Pro choice rally

Walz, Jensen react to historic Supreme Court reversal of Roe v. Wade

After voting to overturn Roe, conservative Justice Clarence Thomas has hinted contraception and same-sex marriage protections should follow.

16362 County Rd 81, Maple Grove, Minnesota - October 2021 (4)

2-year-old killed in crash on County Road 81 in Maple Grove

The crash occurred Thursday evening on County Road 81.

police tape

BCA issues new details about St. Michael standoff, shooting

New details say a St. Cloud police officer struck the suspect with gunfire.

Screen Shot 2022-06-23 at 2.21.45 PM

92-year-old driver killed in rural Scott County crash

The crash happened around 12:30 p.m. Thursday.

Screen Shot 2022-06-24 at 7.29.06 AM

Big-time rain totals flood Highway 10 in central Minnesota

More rain and storms are expected Friday and Saturday morning.


Charges: Driver had just left local bar before deadly Shakopee crash

Witnesses said they were unable to help the 19-year-old Eden Prairie man who died in the crash after becoming trapped.

Chet Holmgren

Thunder selects Chet Holmgren 2nd overall in NBA Draft

The Minneapolis native becomes the highest-drafted Minnesotan in NBA history.