| --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|--------------------------------------------|-------| | | | | | | | | | | | | | | | | | | | | | | Fiscal 2025 Q1 Earnings September 18, 2024 | | | | | | | | | | General Mills First-quarter Fiscal 2025 1 A Reminder on Forward-looking Statements This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations an ...

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 w ...

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 $4.78 billion, representing a surprise of +1.42%. The company delivered an EPS surprise of +1.90%, with the consensus EPS estimate being $1.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.90%. A quarter ago, it was expected that this maker of Cheerios cereal, Yoplait yogurt and other packaged foods would post earnings of $0.99 per share when it actually produced earnings of $1.01, delivering a surpri ...

Exhibit 99 FOR IMMEDIATE RELEASE September 18, 2024 General Mills Reports Fiscal 2025 First-quarter Results • Net sales of $4.8 billion were down 1 percent; organic net sales also declined 1 percent • Operating profit of $832 million was down 11 percent; adjusted operating profit of $865 million was down 4 percent in constant currency • Diluted earnings per share (EPS) of $1.03 was down 10 percent; adjusted diluted EPS of $1.07 was down 2 percent in constant currency • Company reaffirms full-year fiscal 202 ...

Analysts on Wall Street project that General Mills (GIS) will announce quarterly earnings of $1.05 per share in its forthcoming report, representing a decline of 3.7% year over year. Revenues are projected to reach $4.78 billion, declining 2.5% from the same quarter last year.Over the last 30 days, there has been a downward revision of 0.1% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts ...

General Mills (GIS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended August 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on September 1 ...

Company and Industry Overview * **Company**: General Mills, Inc. (NYSE:GIS) * **Industry**: Consumer Staples, specifically Cereals, Snacks, and Pet Food Long-Term Goals and Strategy * **Long-Term Sales Growth**: Aim for 2% to 3% organic net sales growth. * **Category Growth**: Expect categories to grow between 2% and 3%. * **Share Holding**: Confident in holding or gaining share in current categories. * **Key Drivers**: Leading brands, increased marketing spend, and improved capabilities in strategic revenue management, media, and online media. Industry Environment and Recovery * **Volume Recovery**: Recognize a more elongated volume recovery than initially expected. * **Fiscal '25 Outlook**: Consistent with gradual progress theme, expecting flat-to-up 1% organic sales growth and EPS between down 1% and up 1% year-over-year. * **Category Growth**: Categories returning to growth, with pounds up 1% in the last three months. * **Macroeconomic Factors**: Inflation expected at 3% to 4%, with over 50% coverage in commodities. * **Productivity**: Expect 4% to 5% productivity improvement. North America Retail * **Leadership**: Dana McNabb, Group President, North America Retail. * **Approach**: Focus on regaining household penetration, particularly with kids, through a remarkable total product offering. * **Key Initiatives**: Product innovation, advertising and communications, in-store execution, and strategic revenue management. * **Share Performance**: Improving in pound share in seven out of 10 biggest categories and in dollar share in six out of 10 categories. Cereal Business * **Category**: North America Cereal market is $9 billion in sales. * **Competitive Landscape**: More competition is seen as beneficial for the category. * **Focus**: Continue to focus on strong brand building and innovation. * **New Products**: Launched new products like double chocolate cookies, fruity cheerios, and Fiber One brownies. Pet Food * **Priority**: Return Blue Buffalo to growth after a reset year in fiscal '24. * **Performance**: Blue Buffalo is now more profitable than a year ago and starting to gain market share in dry dog food. * **Wilderness**: Losses cut in half and declining at 6% in the first quarter. * **Fresh Pet Food**: Testing fresh pet food with Blue Buffalo, with mixed results but potential for future opportunities. * **Edgard & Cooper**: Acquired for its premium pet food proposition and global expansion potential. International and Foodservice * **Foodservice**: Strong Foodservice business with distinct capabilities and sales and channel experience. * **International**: Mixed performance, with growth in Europe and Australia but challenges in China and Brazil. Capital Allocation and M&A * **M&A Strategy**: Focus on bolt-on acquisitions of $1 billion to $2 billion in sales, with a preference for areas like Pet, Snacking, and Foodservice. * **Priority**: Organic growth remains the number one priority. Conclusion General Mills is confident in its long-term growth prospects, focusing on category growth, share holding, and strategic investments in marketing and capabilities. The company is also actively managing its international and foodservice segments, while remaining cautious on M&A activity.

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What Are Dividends In Stocks?Dividends are the regular payments made by companies to their shareholders. They represent a way for successful companies to share their profits. Dividend stocks are shares in these companies that pay out dividends. Investors can receive dividends as cash or reinvest them to buy more shares.Investing in dividend stocks can offer several benefits. Dividend payments provide a steady income stream, especially for retirees and conservative investors. Dividends can also help offset m ...