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MarketWatch 02/15/2019 09:24
General Mills Inc. disclosed Friday that it will close its yogurt manufacturing facility in Carson, Calif., as part of a new restructuring program approved earlier this week. The stock fell 1.1% in premarket trade. The consumer foods company said it expects to incur about $130 million in expenses, including $25 million in severance costs, as part of the restructuring, which will focus on consolidating production and "optimizing" labor, logistics and manufacturing operations. The expenses will also include about $105 million in exit and project-related costs, primarily asset write-offs. The company expects the restructuring to be completed by the end of fiscal 2021. The stock has tumbled 22% over the past 12 months, while the SPDR Consumer S.
More from MarketWatch: 02/12/2019 17:50
General Mills (GIS) closed the most recent trading day at $44.84, moving +1.93% from the previous trading session.
More from 01/28/2019 00:42
General Mills recently announced that they were issuing a voluntary recall for some of their Gold Medal Unbleached Flour.
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NASDAQ 01/25/2019 15:31
General Mills announced a voluntary national recall of five-pound bags of its Gold Medal Unbleached Flour with a better if used by date of April 20, 2020.
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General Mills recalls some Gold Medal flour over salmonella concerns.
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