General Mills, Inc. (NYSE:GIS) recalled limited quantity of a frozen Beyond Meat Vegetarian Indian Curry with Beyond Chicken. The products were recalled to avoid possible contamination of Listeria monocytogenes, though no illness were reported among customers. These were produced during a week in Apr 2016 and were made available at Whole Foods.
Beyond Meat Vegetarian Indian Curry with Beyond Chicken uses whole garden frozen peas as one of its ingredients. The producer of whole garden frozen peas issued a national recall for the possibility of Listeria monocytogenes contamination.
Sales and profits in General Mills’ U.S. Retail segment have been soft due to lower demand amid changing consumer food preferences. In fiscal 2016 so far, increased competitive activity in Yogurt and reduced display and merchandizing levels have hurt results in the segment. However, management’s renovation and innovation efforts and higher level of advertising are expected to lead to better organic sales trends in the U.S. Retail segment in the fourth quarter, mainly in cereals and snacks.
However, lower gross margins and higher media expenses are expected to put pressure on profits. Nonetheless, significant restructuring savings will provide bottom-line support like previous quarters.
General Mills carries a Zacks Rank #3 (Hold).
Stocks to Consider
Better-ranked stocks worth considering include Post Holdings, Inc. (NYSE:POST) , The J. M. Smucker Company (NYSE:SJM) and United Natural Foods, Inc. (NASDAQ:UNFI) . All the three stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
UTD NATURAL FDS (UNFI): Free Stock Analysis Report
GENL MILLS (GIS): Free Stock Analysis Report
SMUCKER JM (SJM): Free Stock Analysis Report
POST HOLDINGS (POST): Free Stock Analysis Report
Original post
Zacks Investment Research
- English (UK)
- English (India)
- English (Canada)
- English (Australia)
- English (South Africa)
- English (Philippines)
- English (Nigeria)
- Deutsch
- Español (España)
- Español (México)
- Français
- Italiano
- Nederlands
- Português (Portugal)
- Polski
- Português (Brasil)
- Русский
- Türkçe
- العربية
- Ελληνικά
- Svenska
- Suomi
- עברית
- 日本語
- 한국어
- 简体中文
- 繁體中文
- Bahasa Indonesia
- Bahasa Melayu
- ไทย
- Tiếng Việt
- हिंदी
General Mills (GIS) Recalls A Beyond Meat Branded Product
Published 06/30/2016, 10:16 PM
Updated 07/09/2023, 06:31 AM
General Mills (GIS) Recalls A Beyond Meat Branded Product
Latest comments
Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.