General Mills Inc Q3 2024 Earnings Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : First on pet, it looks like the action plan you discussed for the Pet segment last quarter are starting to bear fruit. So on wet pet food specifically, I think you inflected from a minus double-digit decline in 2Q to growth in 3Q. I was hoping you could talk about any early signs of success you might be seeing with these more value-oriented multipacks and how they may or may not inform your view of what the 24-pound bag could be doing for Wilderness over the coming quarters in pet retail.

Question: Max Andrew Stephen Gumport - BNP Paribas Exane, Research Division - Analyst : Yes. I think I saw that in the slide deck. And then one follow-up would be, just given the clean balance sheet and the continued emphasis on portfolio reshaping, I think it's safe to assume you're actively looking at acquisitions. I think past commentary would suggest you're focused on snacking and pet food categories and also businesses that play in your 8 core geographies. That said, I'm just curious given some of the recent industry news, how you might view ice cream, especially knowing that it is one of your global platforms. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. MARCH 20, 2024 / 1:00PM, GIS.N - Q3 2024 General Mills Inc Earnings Call