Grocery store prices aren't coming down anytime soon [CNN]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: CNN
New YorkCNN Some sobering news for shoppersgrocery store billsGrocery pricesclimbed 13.5% in AugustExecutives at large food manufacturers and analysts expect inflation to hover around this level for the rest of 2022.Next year, the rate of food inflation is expected to moderate — but that doesn’t mean prices are going to drop. Once prices hit a certain level, they tend to stay there or go up, but rarely down.A number of factors have contributed to the surge in prices. Producers say they’re paying higher prices for labor and packaging materials.Extreme weatherdeadly avian fluRicardo Arduengo/AFP/Getty ImagesHurricane Ian could push food prices even higherEven if some of these situations stabilize, it will take a while for those changes to reach consumers.“There’s a lot of uncertainty,” said David Ortega, food economist and associate professor at Michigan State University. It’s not clear when thewar in UkraineProducers aren’t “seeing any end to inflation in terms of their labor and commo
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News
- Global Soup Market Size To Worth USD 27.15 Billion By 2033 | CAGR of 3.19% [Yahoo! Finance]Yahoo! Finance
- General Mills, Inc. (NYSE: GIS) had its "buy" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $77.00 price target on the stock.MarketBeat
- Why Is General Mills (GIS) Up 0.5% Since Last Earnings Report? [Yahoo! Finance]Yahoo! Finance
- Branded Food Staple Market Set to Skyrocket to US$93 Billion by 2030: Fairfield Market Research [Yahoo! Finance]Yahoo! Finance
- Pet Care Market Forecast by Fairfield Market Research: Global Revenue to Exceed US$220 Billion Through 2030 [Yahoo! Finance]Yahoo! Finance
GIS
Earnings
- 3/20/24 - Beat
GIS
Sec Filings
- 4/23/24 - Form 8-K
- 4/22/24 - Form 424B5
- 4/18/24 - Form FWP
- GIS's page on the SEC website