General Mills Offloads US, Canadian Yogurt Divisions In $2.1B Deal Amid Competition And Market Challenges: Details
General Mills Offloads US, Canadian Yogurt Divisions In $2.1B Deal Amid Competition And Market Challenges: Details
In a May note, Bloomberg Intelligence analysts Jennifer Bartashus and Jibril Lawal cited increased competition from General Mills, Inc. (NYSE:GIS) announced that it has signed definitive agreements to sell its North American yogurt business to Lactalis and Sodiaal, leading French dairy companies, for a total of $2.1 billion.
通用磨坊公司（紐約證券交易所代碼：GIS）宣佈，它已簽署最終協議，將其北美酸奶業務出售給法國領先的乳製品公司Lactalis和Sodiaal，總額爲21億美元。
Under the agreements, Lactalis will acquire the U.S. yogurt business, while Sodiaal will take over the Canadian yogurt business. The transactions are anticipated to be completed by 2025, pending regulatory approvals and other standard closing conditions.
根據協議，Lactalis將收購美國酸奶業務，而Sodiaal將接管加拿大的酸奶業務。這些交易預計將於2025年完成，尚待監管部門批准和其他標準成交條件。
General Mills expects the combined transactions to be about 3 percent dilutive to adjusted earnings per share in the first year post-close, excluding transaction costs and one-time impacts. The company plans to use the net proceeds from the sales for share repurchases.
通用磨坊預計，不包括交易成本和一次性影響，合併後的交易將在收盤後的第一年攤薄調整後的每股收益約3％。該公司計劃將銷售的淨收益用於股票回購。
In a May note, Bloomberg Intelligence analysts Jennifer Bartashus and Jibril Lawal cited increased competition from Danone (OTC:DANOY) and Chobani Inc., coupled with limited market penetration, as factors prompting discussions about exiting the U.S. yogurt market.
彭博情報分析師詹妮弗·巴塔舒斯和賈布里爾·拉瓦爾在5月份的報告中指出，來自達能（場外交易代碼：DANOY）和喬巴尼公司的競爭加劇，加上市場滲透率有限，是引發關於退出美國酸奶市場的討論的因素。
Also Read: Packaged Food Sector To See Mixed Performance Amid Economic Headwinds: Goldman Sachs
另請閱讀：在經濟不利因素下，包裝食品行業表現喜憂參半：高盛
General Mills is also turning its portfolio to growth elements such as premium pet food and organic snacks, the report added.
報告補充說，通用磨坊還將其產品組合轉向增長元素，例如優質寵物食品和有機零食。
In 2021, General Mills transferred its European Yoplait operations to Sodiaal in exchange for the Canadian business and reduced royalty rates for the Yoplait and Liberte brands in the U.S. and Canada.
2021年，通用磨坊將其在歐洲的Yoplait業務移交給Sodiaal，以換取加拿大的業務，並降低了Yoplait和Liberte品牌在美國和加拿大的特許權使用費率。
According to Bartashus and Lawal, General Mills' U.S. retail yogurt business alone generated $1.4 billion in sales in the 12 months leading up to May 19, with Yoplait making up 87% of that total, Bloomberg added.
彭博社補充說，根據巴塔舒斯和拉瓦爾的說法，僅通用磨坊的美國零售酸奶業務在截至5月19日的12個月中就創造了14億美元的銷售額，其中Yoplait佔總銷售額的87％。
General Mills plans to provide additional details about the potential financial impact of the transactions when it reports its first-quarter results on September 18, 2024.
通用磨坊計劃在2024年9月18日公佈第一季度業績時提供有關交易潛在財務影響的更多細節。
According to Benzinga Pro, GIS stock has gained over 10% in the past year. Investors can gain exposure to the stock via Invesco Food & Beverage ETF (NYSE:PBJ) and First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG).
根據Benzinga Pro的數據，在過去的一年中，GIS的股票上漲了10％以上。投資者可以通過景順食品飲料ETF（紐約證券交易所代碼：PBJ）和第一信託納斯達克食品和飲料ETF（納斯達克股票代碼：FTXG）獲得股票敞口。
Price Action: GIS shares are trading lower by 0.88% to $72.48 at last check Thursday.
價格走勢：週四最後一次檢查時，GIS股價下跌0.88％，至72.48美元。
Image via Shutterstock
圖片來自 Shutterstock
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