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Able to exceed top and bottom line expectations for its fiscal first quarter on Wednesday, let's see if it's time to buy General Mills (GIS) stock for more upside.
General Mills NYSE: GIS can provide a hedge if volatility continues to plague the S&P 500. The company is amid a business transformation telegraphed in its price action, which is set up for a significant reversal after more than a year of lackluster performance.
General Mills, a mature cash cow, generates over $20B in annual revenue, with EPS growth between 5% and 7% due to efficiencies and share repurchases. Q1 net sales fell 1% to $4.8B, and the FY2025 outlook doesn't guarantee resumed growth. As of now, I see only one good reason to be invested in GIS.
General Mills' first-quarter fiscal 2025 results reflect lower earnings and sales due to the adverse net price realization and mix.
General Mills, Inc. (NYSE:GIS ) Q1 2025 Earnings Call Transcript September 18, 2024 9:00 AM ET Company Participants Jeff Siemon - VP of IR and Treasurer Jeffrey Harmening - Chairman and CEO Kofi Bruce - CFO Conference Call Participants Matt Smith - Stifel Andrew Lazar - Barclays Michael Lavery - Piper Sandler Max Gumport - BNP Paribas Rob Dickerson - Jefferies Bryan Spillane - Bank of America Leah Jordan - Goldman Sachs Robert Moskow - TD Cowen John Baumgartner - Mizuho Securities Operator Good morning and welcome to General Mills' First Quarter Fiscal 2025 Earnings Conference Call. All participants are in a listen-only mode.
General Mills (GIS) reported sales and profits dropped in its fiscal first quarter from the same time last year as lower prices and higher costs weighed on the breakfast and snack food giant's margins.
The headline numbers for General Mills (GIS) give insight into how the company performed in the quarter ended August 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
CNBC's Jim Cramer delivers his daily Mad Dash.
U.S. stocks traded mixed this morning, with the Dow Jones index falling over 50 points on Wednesday.
General Mills (GIS) came out with quarterly earnings of $1.07 per share, beating the Zacks Consensus Estimate of $1.05 per share. This compares to earnings of $1.09 per share a year ago.
General Mills Inc.'s stock was down 2.7% in premarket trading on Wednesday after the packaged food giant said its first-quarter profit fell 14% due to inflation and pressure on margins.
The maker of packaged foods reports adjusted earnings of $1.07 a share, beating Wall Street estimates by a penny.
Cheerios maker General Mills posted a smaller-than-expected drop in quarterly sales on Wednesday, helped by benefits from its higher priced products including snacks and pet foods, to combat a consumer demand slowdown.
MINNEAPOLIS--(BUSINESS WIRE)--General Mills, Inc. (NYSE: GIS) today reported results for the first quarter ended August 25, 2024. “Our top priority in fiscal 2025 is to accelerate our organic net sales growth, and we made expected progress on that goal in the first quarter along multiple fronts, with more work still ahead,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “We strengthened our core by delivering more remarkable experiences to consumers, which translated in.
General Mills' Q1 results are likely to reflect the impacts of a dynamic consumer landscape and increased brand investments.
Get a deeper insight into the potential performance of General Mills (GIS) for the quarter ended August 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
American stocks staged a strong recovery this week, erasing most of the losses made last week. The Dow Jones rose by almost 1% while the S&P 500 and Nasdaq 100 indices soared by over 1.8% and 2.58%, respectively.
General Mills, Inc. GIS will release earnings results for its first quarter, before the opening bell on Thursday, Sept. 18.
General Mills, parent to brands including Cheerios, Nature Valley, Blue Buffalo, Häagen-Dazs, Old El Paso, Pillsbury and Betty Crocker, is expecting the deal to be about 3% dilutive to adjusted per-share earnings in the first year after close.
General Mills is in talks to sell its U.S. and Canadian yogurt operations, which houses brands such as Yoplait, to French dairy firms Groupe Lactalis and Sodiaal, respectively, Bloomberg News reported on Thursday, citing people familiar with the matter.
