General Mills Inc. (GIS) recently introduced three new healthy treats under the brand, Fiber One. The new products include Fiber One 90 Calorie Mint Fudge Brownies, Fiber One Protein Cookies & Crème and Fiber One Chocolate Chip Crunchy Cookies. These new Fiber One treats are now available in stores.
Fiber One 90 Calorie Mint Fudge Brownies are available in mint fudge flavor with mint chips and drizzle. Each brownie contains 90 calories. The Fiber One Protein Cookies & Creme is made of creamy layers and cookie pieces. Each Protein Cookies & Creme bar contains 140 calories and 6 grams of protein. Fiber One Chocolate Chip Crunchy Cookies contain 120 calories per cookie.
General Mills has an outstanding portfolio of growth products and brands, especially its healthy and convenience packages. Health and nutrition remain the key focus of the company. The idea is to appeal to the growing number of health-conscious customers who prefer the convenience of packaged food without compromising on health. The company’s continuous efforts to introduce new products in the fast growing food categories bode well for long-term growth.
However, General Mills continues to battle weak demand in the U.S. and a slowdown in some of the international markets. The consumer spending environment in the U.S. remains challenging with slow job growth, high interest rates and tightened credit availability which continue to hurt consumers’ discretionary spending. In Europe, though some improvement has been noticed lately, the economic conditions are still quite challenged.
General Mills carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the consumer goods sector are SUPERVALU Inc. (SVU), Burcon Nutrascience Corp. (BUR) and BRF S.A. (BRFS). While SUPERVALU sports a Zacks Rank #1 (Strong Buy), Burcon Nutrascience and BRF S.A. carry a Zacks Rank #2 (Buy).
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