General Mills’ profit falls 14% on inflation woes, margin pressure
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. General Mills said its first-quarter net income dropped to $579.
General Mills Reports Decline in Profits Amid 'Uncertain' Consumer Backdrop
Breakfast and snack food giant General Mills reported lower sales and profits compared to the same quarter a year ago, as lower prices and higher costs weighed on the company's margins.
General Mills: Q1 Earnings, A Report I Didn't Like
General Mills, a mature cash cow, generates over $20B in annual revenue. Read more to see why I have a neutral stance on GIS stock.
General Mills Profit Falls on Lower Prices, Tighter Margins
General Mills said its quarterly profit fell on weaker sales, particularly in North America, as higher costs weighed on margins. The maker of Lucky Charms cereal and Bisquick pancake mix reported Wednesday that sales fell 1% year-over-year in the most-recent quarter,
General Mills (GIS) Q1 2025 Earnings Call Transcript
Good morning, and welcome to General Mills first quarter fiscal 2025 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded. I would now like to turn the call over to Jeff Siemon, vice president of investor relations and treasurer. Thank you.
General Mills Reports Drop In Q1 Profit
General Mills (GIS) announced a profit for first quarter that decreased from the same period last year The company's bottom line
General Mills: Fiscal Q1 Earnings Snapshot
General Mills Inc. (GIS) on Wednesday reported fiscal first-quarter net income of $579.9 million. The Minneapolis-based company said it had net income of $1.03 per share. Earnings, adjusted for non-recurring costs and restructuring costs,
General Mills (GIS) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
General Mills (GIS) reported $4.85 billion in revenue for the quarter ended August 2024, representing a year-over-year decline of 1.2%. EPS of $1.07 for the same period compares to $1.09 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $4.
General Mills Inc. stock outperforms competitors despite losses on the day
Shares of General Mills Inc. GIS dropped 0.52% to $74.51 Friday, on what proved to be an all-around mixed trading session for ...
General Mills Beats Earnings Estimates. Why the Stock Is Trading Lower.
The maker of packaged foods reports adjusted earnings of $1.07 a share, beating Wall Street estimates by a penny.
Meat21h
Additional acquisitions on General Mills’ radar
On the food side, General Mills acquired TNT Crust (frozen pizza crust) in June 2022 (terms not disclosed) and Annie’s ...
General Mills seeks new ‘bite-sized’ brand
General Mills announced last week it will sell its North American yogurt business, including Yoplait and Go-Gurt, for $2.1 ...
General Mills trades lower after reporting FQ1 organic sales decline
General Mills (GIS) reported mixed results for FQ1, with revenue down 1% and adjusted operating profit down 4%.
General Mills: A Balanced Hold Rating Amidst Cautious Optimism and Persistent Challenges
Wells Fargo analyst Christopher Carey has assigned their neutral stance on GIS stock, giving a Hold rating yesterday. Christopher Carey has ...
General Mills posts smaller drop in quarterly sales than expected
General Mills posted a smaller-than-expected drop in quarterly sales on Wednesday, benefiting from improved demand as the ...