General Mills Inc


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SKU: GIS-1 Category:


General Mills had a mixed quarter as its revenues managed to surpass Wall Street expectations but the company missed out on the earnings front. Throughout 2020, General Mills benefitted from high demand stemming from the pandemic-led increased at-home consumption. However, these tailwinds have receded in 2021. The management continues its approach of restructuring various aspects of the business. The company’s Pet segment has been a major driver in the past after the acquisition of Blue Buffalo and the company strengthened it further through the recent $1.2 billion acquisition of Tyson Foods’ pet treats business. This new acquired entity has a revenue of $240 million and strong potential synergies with the company’s existing pet food business which is why the acquisition appears richly valued. However, General Mills is expected to benefit from a $225 million tax subsidy and will end up paying $975 million for the acquisition. Pet food consumption is expected to have a strong macro which is why this deal should bode well for General Mills in the coming years.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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