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  4. Annie's
Annie's logo
Food & Beverage

Who Owns Annie's?

Annie's is owned by General Mills, a publicly traded American multinational food corporation. General Mills acquired Annie's Homegrown in 2014 for approximately $820 million. The brand is headquartered in Minneapolis, Minnesota, USA.

Parent Company

General Mills, Inc.

Acquired

2014

Status

Publicly Traded

Headquarters

Minneapolis, Minnesota, USA

Annie's Timeline

1928
General Mills, Inc.

Parent company established in Minneapolis, Minnesota, USA

Company Founded
1989

Annie's

Founded by Ann Withey, Andrew Martin

Founded
2014
Acquired by General Mills, Inc.

General Mills, Inc. acquired Annie's

Acquired
mid rangepremiumUnited Statesorganic certifiednon gmosustainable agriculturerecycled packagingOfficial Website

Who Owns Annie's?

  • Parent Company: General Mills, Inc.
  • Ownership Type: Subsidiary
  • Acquisition Year: 2014
  • Company Type: Publicly Traded
  • Stock Ticker: NYSE: GIS
BrandParent CompanyOwnership Type
Annie'sGeneral Mills, Inc.Subsidiary

Where to Buy

Disclosure: We may earn commission from purchases
AmazonAnnie's on Amazon

History of Annie's

  • Founded: 1989
  • Founders: Ann Withey, Andrew Martin
  • Acquired by General Mills, Inc.: 2014

Ann Withey and Andrew Martin founded Annie's Homegrown in 1989 in Hampton, Connecticut. The company launched with a single product: a boxed macaroni and cheese made with organic pasta and real cheese, packaged in a distinctive purple box with a rabbit named Bernie on the front. The product was positioned as a natural alternative to conventional processed mac and cheese.

During the 1990s and 2000s, Annie's expanded its product line to include organic snack crackers (Cheddar Bunnies), graham crackers, fruit snacks, condiments, salad dressings, and frozen pizza. The company distributed primarily through natural food retailers including Whole Foods before gaining placement in mainstream grocery chains.

Annie's went public on March 27, 2012, on the NYSE under the ticker BNNY. The IPO priced at $19 per share, raising approximately $95 million. The offering valued Annie's at approximately $189 million at the time. The IPO was oversubscribed and the stock more than doubled on its first day of trading.

In August 2014, General Mills announced an agreement to acquire Annie's for $46 per share in cash, valuing the deal at approximately $820 million. The transaction closed in October 2014. General Mills stated the acquisition was intended to strengthen its position in the natural and organic food segment, which was growing faster than conventional packaged food categories.

Under General Mills ownership, Annie's continued operating with a dedicated team. The brand expanded distribution to mass retail and club stores including Costco, Target, and Walmart, which the independent Annie's had limited presence in. Annie's also introduced new product extensions including organic frozen meals.

About General Mills, Inc.

What does General Mills own?
General Mills owns a portfolio of consumer food brands including Cheerios, Lucky Charms, Wheaties, Cinnamon Toast Crunch, Betty Crocker, Pillsbury, Haagen-Dazs, Nature Valley, Yoplait, Totino's, Old El Paso, Annie's, and Blue Buffalo pet food. The company operates in more than 100 countries and sells products across breakfast cereals, snacks, baking, frozen foods, yogurt, and pet food categories.

Is General Mills publicly traded?
Yes, General Mills, Inc. is listed on the New York Stock Exchange under ticker GIS. The company has been publicly traded for decades and has paid dividends continuously for more than 125 years. Major institutional shareholders include Vanguard Group, BlackRock, and State Street. General Mills has no single controlling shareholder.

What is General Mills' annual revenue?
For fiscal year 2025 (ended May 25, 2025), General Mills reported net sales of $19.5 billion, down 2% from $19.86 billion in FY2024. Net earnings were $2.3 billion, down 8% year-over-year. Diluted EPS was $4.10, and adjusted diluted EPS was $4.21. Operating profit was $3.3 billion, down 4%.

Who is the CEO of General Mills?
Jeff Harmening has served as Chairman and CEO since 2017. He has emphasized a "remarkable experience" framework focused on product innovation, consumer value, and brand building to restore volume-driven growth. Harmening stated that the company's "number one goal in fiscal 2026 is to restore volume-driven organic sales growth."

Who founded General Mills?
General Mills was formed in 1928 through the merger of Washburn-Crosby Company and several other flour milling companies. Washburn-Crosby Company was founded in 1866 by Cadwallader Washburn and John Crosby in Minneapolis, Minnesota. James Ford Bell led the 1928 merger that created General Mills.

Where is General Mills headquartered?
General Mills is headquartered in Minneapolis, Minnesota, USA. The company has maintained its headquarters in the Minneapolis area since its founding, reflecting the city's historical importance as a center of flour milling and food processing.

What is General Mills' FY2026 outlook?
For fiscal 2026, General Mills expects organic net sales to range from down 1% to up 1%. Adjusted operating profit is expected to decline 10-15% in constant currency, and adjusted diluted EPS is expected to decline 10-15% from the FY2025 base of $4.21. The decline reflects growth investments, input cost inflation including tariff impacts, and a reset of corporate incentive compensation.

  • Founded: 1928
  • Headquarters: Minneapolis, Minnesota, USA
  • Company Type: Publicly Traded
  • Stock: NYSE: GIS

Visit General Mills, Inc. website

View full company profile for General Mills, Inc.

Where Is Annie's Made / Based?

  • Headquarters: Minneapolis, Minnesota, USA
  • Manufacturing / Operations: United States

Annie's Categories & Tags

Organic FoodNaturalMac And CheeseSnacksOrganic BrandAmerican Brand

Annie's Sustainability & Ethics

Annie's products carry USDA Organic certification on qualifying products, which requires that ingredients be grown and processed without synthetic pesticides, synthetic fertilizers, genetic engineering, or ionizing radiation. Third-party certifiers accredited by the USDA National Organic Program conduct annual inspections to verify compliance. Annie's organic certification is verifiable through the USDA Organic Integrity Database.

Several Annie's products carry Non-GMO Project verification, a third-party standard maintained by the Non-GMO Project, a nonprofit organization.

General Mills publishes an annual Global Responsibility Report disclosing environmental, social, and governance metrics including greenhouse gas emissions targets, water usage, and packaging sustainability goals. Annie's falls within General Mills' corporate reporting framework.

General Mills has committed to sourcing 100% of its 10 priority ingredients sustainably by 2030, including wheat, corn, oats, and dairy. The company participates in the Better Cotton Initiative (BCI) for cotton used in packaging and has published regenerative agriculture acreage commitments.

Annie's is not B Corp certified. General Mills is not B Corp certified.

Awards & Recognition

Annie's has not received major named industry awards in recent years that are publicly documented and independently verifiable. The brand's most notable recognition comes from its market position as the leading natural and organic mac and cheese brand and from its USDA Organic and Non-GMO Project certifications, which are third-party verified product standards rather than awards.

In March 2012, Annie's IPO was widely covered as a successful organic food public offering and was cited by business media as evidence of investor demand for organic food companies.

Annie's Recalls & Controversies

General Mills Acquisition Backlash (2014): When General Mills announced the acquisition of Annie's for $820 million in August 2014, a segment of Annie's loyal customer base reacted negatively. Critics raised concerns that a large conventional food company would compromise Annie's organic sourcing standards or use the brand as marketing without maintaining its values. Founder Ann Withey published a public letter stating she supported the acquisition and believed General Mills would maintain the brand's commitments. General Mills publicly pledged to maintain Annie's organic standards. No specific organic certification lapse attributable to the acquisition has been publicly documented.

"Natural" Labeling Litigation: Annie's, along with numerous other food companies, faced consumer class-action litigation during the 2010s related to the use of "natural" claims on food packaging. Plaintiffs argued that products labeled "natural" contained ingredients that consumers would not consider natural. Several of these class actions resulted in settlements. The "natural" labeling issue is an industry-wide dispute; the FDA has not adopted a formal definition for "natural" on food labels.

Product Recalls: Annie's products have been subject to standard FDA voluntary recall procedures on at least two documented occasions:

  • In 2016, Annie's recalled select macaroni and cheese products due to the possible presence of an undeclared allergen (milk) in products labeled as dairy-free.
  • General Mills has issued broader recalls affecting multiple brands simultaneously for undeclared allergens; specific Annie's SKUs have been included in these broader actions.

Recall notices are documented in the FDA Enforcement Reports database.

Organic Integrity Concerns from Advocacy Groups: The Cornucopia Institute, an organic food advocacy organization, has published ratings of organic food companies that assess their commitment to organic standards. General Mills and its organic brands, including Annie's, have received scrutiny in Cornucopia's reports regarding the extent to which the organic practices of acquired brands are maintained under corporate ownership. These are advocacy organization assessments, not regulatory findings.

Brands Owned by General Mills, Inc.

CheeriosFood Beverage

Cheerios

Owned by General Mills, Inc.

Iconic American breakfast cereal brand consisting of toasted oat O's, known for its heart-healthy positioning. Owned by General Mills.

breakfast-cerealoat-cerealhealthy-cereal
Häagen-DazsFood Beverage

Häagen-Dazs

Owned by General Mills, Inc.

Premium ice cream brand founded in 1961 in the Bronx, New York, owned by Nestlé and sold in over 70 countries.

ice-creampremium-dessertfrozen-treats
Lucky CharmsFood Beverage

Lucky Charms

Owned by General Mills, Inc.

American breakfast cereal made of frosted oat pieces and colored marshmallow shapes, produced by General Mills since 1964. The first cereal to include marshmallows.

breakfast-cerealcerealkids-cereal
Totino'sFood Beverage

Totino's

Owned by General Mills, Inc.

Frozen pizza brand owned by General Mills, known for party pizzas and budget-friendly frozen pizza options.

frozen-pizzafrozen-foodconvenience-food
WheatiesFood Beverage

Wheaties

Owned by General Mills, Inc.

American whole wheat breakfast cereal owned by General Mills, introduced in 1922. Known as the "Breakfast of Champions" and famous for featuring athletes on its box covers since 1934.

breakfast-cerealwhole-wheatathlete-endorsed
YoplaitFood Beverage

Yoplait

Owned by General Mills, Inc.

French yogurt brand owned by SODIAAL dairy cooperative, with US commercial license held by General Mills. Available in over 50 countries.

yogurtdairyfrench-brand
View all brands owned by General Mills, Inc.

Annie's Ownership: Pros & Cons

Advantages

  • +General Mills' distribution network expanded Annie's presence into mass retail (Walmart, Target, Costco) from its original natural food store base
  • +General Mills' manufacturing scale and supply chain resources enable cost-competitive production of certified organic products
  • +Annie's USDA Organic certifications are verified annually by third-party certifiers, providing independent assurance of organic ingredient standards
  • +The brand has maintained its visual identity, mascot, and organic positioning since the 2014 acquisition
  • +General Mills' R&D and marketing investment has supported product line extensions

Considerations

  • -Some consumers and organic food advocates remain skeptical that a large conventional food corporation can be a genuine steward of an organic brand's values
  • -General Mills does not separately disclose Annie's financial performance, making it impossible to independently assess the brand's health under corporate ownership
  • -The use of "natural" labeling on some Annie's products, alongside certified organic products, has created labeling complexity that has been challenged in litigation
  • -General Mills carries its own sustainability commitments and targets, which Annie's must align with rather than pursuing independent sustainability strategies
  • -The premium price points of Annie's products remain a barrier to access for lower-income families

Frequently Asked Questions About Annie's

Sources & Further Reading

  • Annie's Official Website -
  • General Mills Investor Relations -
  • SEC EDGAR: General Mills (GIS) filings -
  • NYSE: GIS -
  • Wikidata: Annie's Homegrown -
  • USDA National Organic Program -
  • USDA Organic Integrity Database -
  • Non-GMO Project -
  • Organic Trade Association: US Organic Industry Survey -
  • FDA Enforcement Reports -
  • Open Food Facts: Annie's products -

Competitors to Annie's

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
Lay'sLay's
Pepsico
USA
1932
Mass marketGlobalAll-ages
M&M'sM&M's
Mars Inc
USA
1941
Mass marketGlobalAll-ages
Pop-TartsPop-Tarts
Mars Inc
United States
1964
Mass marketUnited statesAll Genders
RitzRitz
Mondelez International
USA
1934
Mass marketGlobalAll Genders
RufflesRuffles
Pepsico
USA (PepsiCo headquarters)
1958
Mass marketGlobalAll Genders
Whole Foods MarketWhole Foods Market
Amazon
United States
1980
Mass marketUnited statesAll Genders

Learn More About Competitors

Lay'sFood Beverage

Lay's

Owned by PepsiCo, Inc.

American potato chip brand manufactured by Frito-Lay, a subsidiary of PepsiCo. Founded in 1932 by Herman Lay, Lay's is the world's largest snack brand with over $6.5 billion in annual U.S. retail sales.

snackspotato-chipssavory
M&M'sFood Beverage

M&M's

Owned by Mars, Incorporated

Candy-coated chocolate confections produced by Mars, Incorporated, one of the world's best-selling candy brands since 1941.

candychocolateconfectionery
Pop-TartsFood Beverage

Pop-Tarts

Owned by Mars, Incorporated

American brand of toaster pastries filled with various flavors, now owned by Mars, Incorporated through the Kellanova acquisition.

toaster-pastriesbreakfastsnacks
RitzFood Beverage

Ritz

Owned by Mondelez International, Inc.

American brand of snack crackers known for their round, buttery flavor, produced by Mondelez International.

crackerssnacksbiscuits
RufflesFood Beverage

Ruffles

Owned by PepsiCo, Inc.

American brand of crinkle-cut potato chips produced by Frito-Lay, a subsidiary of PepsiCo, distinguished by their ridged texture ideal for dipping.

potato-chipscrinkle-cutsnacks
Whole Foods MarketRetail Ecommerce

Whole Foods Market

Owned by Amazon.com Inc.

American supermarket chain specializing in organic, natural, and specialty foods with a focus on sustainable and ethical sourcing practices. Owned by Amazon.com Inc.

groceryorganic-foodretail

Competitive Analysis

Market Positioning: Annie's competes with 6 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Annie's

Looking for brands with different ownership structures? These similar brands are not owned by General Mills, Inc., giving you alternative choices that support different corporate structures.

LavazzaFood Beverage

Lavazza

Owned by Lavazza Group

Italian premium coffee brand and one of the world's largest coffee roasters, family-owned since 1895, selling products in over 140 countries with annual revenue of EUR 3.9 billion in 2025.

coffeeespressopremium
Privately Owned

Lavazza is privately owned, unlike Annie's which is under a publicly traded parent company.

M&M'sFood Beverage

M&M's

Owned by Mars, Incorporated

Candy-coated chocolate confections produced by Mars, Incorporated, one of the world's best-selling candy brands since 1941.

candychocolateconfectionery
Privately Owned

M&M's is privately owned, unlike Annie's which is under a publicly traded parent company.

OlipopFood Beverage

Olipop

Owned by OLIPOP Inc.

Functional prebiotic soda brand with high fiber and low sugar, sold in nearly 50,000 US retail locations. Privately held, valued at $1.85 billion.

functional-beverageprebiotic-sodagut-health
Privately Owned

Olipop is privately owned, unlike Annie's which is under a publicly traded parent company.

Pop-TartsFood Beverage

Pop-Tarts

Owned by Mars, Incorporated

American brand of toaster pastries filled with various flavors, now owned by Mars, Incorporated through the Kellanova acquisition.

toaster-pastriesbreakfastsnacks
Privately Owned

Pop-Tarts is privately owned, unlike Annie's which is under a publicly traded parent company.

Krispy KremeFood Beverage

Krispy Kreme

Owned by JAB Holding Company

American doughnut brand founded in 1937, publicly traded on NASDAQ (DNUT) with JAB Holding as largest shareholder at 43%. Operates over 2,100 shops globally with a hub-and-spoke distribution model.

doughnutsbakeryfood-beverage
Privately Owned

Krispy Kreme is privately owned, unlike Annie's which is under a publicly traded parent company.

Milky WayFood Beverage

Milky Way

Owned by Mars, Incorporated

American nougat, caramel, and chocolate candy bar owned by Mars, Incorporated, introduced in 1923. One of the oldest candy bars still in production in the United States, with a distinct formulation difference between US and European versions.

chocolatecandy-barnougat
Privately Owned

Milky Way is privately owned, unlike Annie's which is under a publicly traded parent company.

General Mills, Inc. Stock Information

Jobs at General Mills, Inc.

Latest News About Annie's

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Last reviewed: June 1, 2026 · Reviewed by Who Brands Editorial Team