Food makers warn GLP-1s will have ‘lasting influence' on sector [Yahoo! Finance]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Yahoo! Finance
Food companies are repositioning their products to address expanding use of GLP-1 drugs for weight loss, with executives beginning to acknowledge the "lasting influence" the medications will likely have on sales. About one in eight adults say they are taking GLP-1s such as Ozempic and Wegovy for weight loss or another chronic condition, a KFF poll found. More than half of U.S. adults — or 137 million people — are eligible to take these medications , and usage is expected to only grow as the drug becomes cheaper and more widely available For food companies, these medications are potentially an existential threat: Consumers on weight loss drugs not only eat less, but also tend to avoid processed foods and snacks. Grocery spending shrank by 6% in households containing at least one person taking weight loss drugs, a Cornell study found “Anti-obesity drugs will have a lasting influence on the food market,” General Mills CEO Jeff Harmening told analysts at the Consumer Analyst Group
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News
- Mizuho Adjusts General Mills (GIS) Price Target amid Broader Food Sector Model Changes [Yahoo! Finance]Yahoo! Finance
- General Mills Guidance Reset And Leadership Change Put Execution In Focus [Yahoo! Finance]Yahoo! Finance
- General Mills to Webcast Fiscal 2026 Third Quarter Earnings Results on March 18, 2026Business Wire
- General Mills (NYSE:GIS) was given a new $47.00 price target on by analysts at Mizuho.MarketBeat
- General Mills (NYSE:GIS) was downgraded by analysts at Bank of America Corporation from a "buy" rating to a "neutral" rating. They now have a $48.00 price target on the stock.MarketBeat
GIS
Earnings
- 12/17/25 - Beat
GIS
Sec Filings
- 2/24/26 - Form 4
- 2/24/26 - Form 4
- 2/24/26 - Form 4
- GIS's page on the SEC website