For the quarter ended May 2024, General Mills (GIS) reported revenue of $4.71 billion, down 6.3% over the same period last year. EPS came in at $1.01, compared to $1.12 in the year-ago quarter.The reported revenue represents a surprise of -3.27% over the Zacks Consensus Estimate of $4.87 billion. With the consensus EPS estimate being $0.99, the EPS surprise was +2.02%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expec ...

Exhibit 99 FOR IMMEDIATE RELEASE June 26, 2024 General Mills Reports Fiscal 2024 Fourth-quarter and Full-year Results and Provides Fiscal 2025 Outlook General Mills Board of Directors Declares Dividend Increase Full Year Highlights • Net sales of $19.9 billion decreased 1 percent from the prior year; organic net sales1 were 1 percent below year-ago results that grew double digits • Operating profit of $3.4 billion essentially matched year-ago results; adjusted operating profit of $3.6 billion was up 4 perce ...

General Mills, Inc. (GIS) is likely to register a top and bottom-line decline when it reports fourth-quarter fiscal 2024 earnings on Jun 26. The Zacks Consensus Estimate for revenues is pegged at $4.87 billion, which indicates a 3.1% decrease from the year-ago period.The consensus mark for quarterly earnings has declined by a penny in the past 30 days to 99 cents per share. This indicates a drop of 11.6% from the year-ago quarter’s reported figure. However, GIS has a trailing four-quarter earnings surprise ...

Wall Street analysts expect General Mills (GIS) to post quarterly earnings of $0.99 per share in its upcoming report, which indicates a year-over-year decline of 11.6%. Revenues are expected to be $4.87 billion, down 3.1% from the year-ago quarter.The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before a comp ...

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

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? General Mills (GIS) , which belongs to the Zacks Food - Miscellaneous industry, could be a great candidate to consider.This maker of Cheerios cereal, Yoplait yogurt and other packaged foods has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past tw ...

General Mills, Inc. (NYSE:GIS) Bernstein’s 40th Annual Strategic Decisions Conference May 29, 2024 10:00 AM ET Company Participants Jeff Harmening - Chief Executive Officer Conference Call Participants Alexia Howard - Sanford C. Bernstein & Co Alexia Howard Okay. Good morning, everybody. My name is Alexia Howard, and I cover the U.S. food sector for Bernstein. And it's my great pleasure to welcome Jeff Harmening, the CEO of General Mills since 2017. Now as we all know, the U.S. food industry seems to be at ...

General Mills, Inc. (GIS) has carved out a strong niche in the food industry, leveraging the power of its brands, effective pricing strategies and dedicated focus on its Accelerate strategy. Through pricing actions and mix optimization, the company has delivered steady annualized net sales growth over fiscal 2018-2023.Shares of the company have rallied 13.4% in the past three months compared with the industry’s growth of 5.1%Factors Working WellGeneral Mills owns many brands with leading market share positi ...

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Iryna Kharkova/iStock via Getty ImagesWhen it comes to classifying similar types of opportunities in stocks, there are a number of common 'genres' that investors will often refer back to when trying to describe an opportunity set. Common genres include buckets like Special Situations, Turnaround Stories, Commodity Plays, and other things in that vein. For example, Commodity Plays are often companies that have heavy price exposure to commodities, either on the expense side, or the finished product side, ...