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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.
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.
General Mills, Inc. GIS will release earnings results for its first quarter, before the opening bell on Thursday, Sept. 18.
General Mills has agreed to sell its North American yogurt business, which includes the popular Yoplait brand, for $2.1 billion in cash. Michelle Davis has more on "Bloomberg Open Interest.
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.