Time New York: Sat 03 Dec 08:38 am  |  Save 15% on H&R Block Online

  
caticonslite_bm_alt

General Mills (GIS) Unit Launches Healthy Vegetable Soups

Zacks

Progresso, the soup-making division of General Mills Inc. GIS, recently introduced Good Natured’ soups which are high on vegetable content.

Keeping in mind the consumers shift in preference toward more healthy plant-based diets, General Mills has introduced this new range of vegan soups.

The soups are available in three flavors — Hearty Tomato with Spinach and Roasted Garlic, Hearty Corn and Chipotle Chowder, and Hearty Lentil with Garden Vegetables. The products do not contain any dairy ingredients, preservatives or colors from artificial sources.

GENL MILLS Price

GENL MILLS Price | GENL MILLS Quote


Recently, soup sales have down, which compelled the company to close its first plant in Vineland, NJ. Therefore, General Mills has been coming up with several innovative offers to reverse the trend. The vegetable soup launch also closely follows the introduction of Progresso chicken soups with 100% antibiotic and hormone-free chicken breast.

Management is hopeful that the unique flavors of the latest soup line will be a major attraction to consumers.

Notably, General Mills has been struggling due to the shift in consumer preference towards natural and organic food. The weakness continued into fiscal 2016, with sales declining 5% in the year. Also, in the first quarter of fiscal 2017, net sales dipped 7.1% year over year.

General Mills currently carries a Zacks Rank #3 (Hold).

Stocks to Consider

Better-ranked stocks in this industry include The Kraft Heinz Company KHC, Tate & Lyle plc TATYY and ConAgra Foods, Inc. CAG.

Kraft Heinz – a Zacks Rank #1 (Strong Buy) stock – is expected to witness a 48.05% rise in fiscal 2016 earnings.

Tate & Lyle is expected to see a 6.25% rise in fiscal 2017 earnings. The company carries a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.

ConAgra Foods carries a Zanks Rank #2 (Buy). Fiscal 2017 earnings growth is projected at 18.20% for the company.

Confidential from Zacks

Beyond this Analyst Blog, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>


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

To read this article on Zacks.com click here.

Zacks Investment Research
<-- You can share this post with your network,
or give us your opinion and leave a comment.
Be sure to check our RSS feeds for updates.