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General Mills bets on cereal, ice cream, snack bars & Mexican food as it deploys 4-prong growth strategy

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General Mills bets on cereal, ice cream, snack bars & Mexican food as it deploys 4-prong growth strategy
By Elizabeth Crawford
At the Consumer Analyst Group of New York 2021 conference yesterday, General Mills unveiled a four-prong strategy to “accelerate” its net organic sales growth 2-3%, expand mid-single-digit margins and deliver mid- to high-single-digit constant currency growth “over the long term” despite an industry-wide slowdown in consumer spending on food at home compared to the start of the pandemic.
“Before the pandemic, we aligned on a new strategic framework to drive the next chapter of growth for General Mills. This plan, which we call Accelerate, sets clear priorities for where we play, how we win and how we’ll drive superior returns for our shareholders over the long term,” CEO Jeff Harmening said. ....

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General Mills Outlines "Accelerate" Growth Strategy at 2021 CAGNY Conference

Press release content from Business Wire. The AP news staff was not involved in its creation.
General Mills Outlines “Accelerate” Growth Strategy at 2021 CAGNY Conference
February 16, 2021 GMT
MINNEAPOLIS (BUSINESS WIRE) Feb 16, 2021
At the Consumer Analyst Group of New York (CAGNY) 2021 Conference, General Mills (NYSE: GIS) outlined its Accelerate strategy to deliver top-tier shareholder returns. The company also reaffirmed its fiscal 2021 third-quarter and full-year financial guidance, which was originally provided on December 17, 2020.
Accelerate Strategy
The Accelerate strategy defines the path for the next chapter of General Mills growth, leveraging the company’s historical strengths and deploying them in ways that are relevant for today’s consumer and marketplace. The strategy guides the company’s choices on how to win and where to play to drive profitable growth and top-tier shareholder returns over the long term. ....

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