GIS Stock Recent News

General Mills  NYSE: GIS lies within the consumer staples sector and ranks in the top 10 largest food and beverage companies in the United States by revenue. In 2024, the share price is essentially where it started for the year, with a total return of just under 0%.

PHILADELPHIA, PA / ACCESSWIRE / June 27, 2024 / Kehoe Law Firm, P.C. is investigating whether certain directors and officers of General Mills, Inc. ("General Mills") (NYSE:GIS) breached their fiduciary duties to General Mills and its shareholders and whether General Mills and its shareholders suffered damages as a result.

General Mills will enhance product flavors to attract price-conscious customers amid inflation. The company reported a disappointing 2025 forecast with minimal expected sales growth.

General Mills NYSE: GIS is the global food manufacturing sector giant known for iconic brands like Cheerios, Yoplait, Pillsbury, and Blue Buffalo. General Mills' earnings report for the fourth quarter and full-year fiscal 2024 revealed a disappointing performance, which sent General Mills' stock price downward.

Pre-market futures started out mixed, but have now sunk into the red. The Dow looks to open down -115 points at this hour, with the Nasdaq -45 and the S&P 500 -14 points a half-hour in front of today's opening bell.

General Mills' (GIS) fourth-quarter fiscal 2024 results reflect lower earnings and sales due to the adverse net price realization and mix.

Shares of General Mills (GIS) slumped Wednesday after the consumer foods giant posted weaker-than-expected revenue and gave soft guidance on lower prices and volumes.

General Mills Inc (NYSE:GIS, ETR:GRM) shares dipped at the open after it reported fourth-quarter organic sales that were lower than expected. During its fourth quarter, organic sales were approximately 6% lower than consensus estimates of a 3.5% decline.

While the top- and bottom-line numbers for General Mills (GIS) give a sense of how the business performed in the quarter ended May 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

General Mills sees organic sales ranging between flat and up 1% for the current fiscal year, below the average analyst estimate of 1.18%. It expects volume trends will gradually improve in the current fiscal year but said dollar growth is expected to be below long-term growth projections.