New Chips from General Mills - Analyst Blog
27 Marzo 2013 - 8:59AM
Zacks
The Green Giant division of General Mills Inc.
(GIS) recently introduced two new snacks called Green Giant Roasted
Veggie Tortilla Chips Zesty Cheddar Flavor and Green Giant
Multigrain Sweet Potato Chips Sea Salt Flavor. Both the products
are expected to be offered at a retail price of $2.99.
So far, Green Giant specialized in products for the frozen section.
The introduction of these two products marks its entry into the
snacks aisle.
With changing consumer preferences, there is a huge demand for new
snacking products that tickle the taste buds and at the same time
are healthy. The company is continuously innovating products that
have improved nutritional value.
Green Giant Roasted Veggie Tortilla Chips with Zesty Cheddar Flavor
contain several healthy ingredients like real vegetables and 17
grams of whole grain per serving. On the other hand, Green Giant
Multigrain Sweet Potato Chips with Sea Salt Flavor contain 14 grams
whole grain per serving. As such sweet potatoes contain 40% less
fat than regular potato chips.
Overall, we are encouraged by General Mill's strong market share
position in some leading food categories, its growing international
presence, strategic acquisitions and focus on innovation and brand
support. These growth initiatives combined with the cost saving
efforts bode well for the company's long-term growth.
General Mills carries a Zacks Rank #2 (Buy).
Other companies in the consumer staples sector that warrant
investors' attention include Flowers Foods, Inc.
(FLO), J&J Snack Foods Corp. (JJSF), and
ConAgra Foods, Inc. (CAG). While Flowers Foods and
J&J carry a Zacks Rank #1 (Strong Buy), ConAgra carries a Zacks
Rank #2 (Buy).
CONAGRA FOODS (CAG): Free Stock Analysis Report
FLOWERS FOODS (FLO): Free Stock Analysis Report
GENL MILLS (GIS): Free Stock Analysis Report
J&J SNACK FOODS (JJSF): Free Stock Analysis Report
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