General Mills, Inc. (GIS) , a well-known name in the food industry, is currently grappling with a host of challenges that are impacting its financial performance. Despite the company’s strong brand portfolio and strategic initiatives, volatile consumer trends and escalating production costs are weighing on its margins. As the company approaches fiscal 2025, these pressures are shaping a cautious outlook, reflected in the recent downward revisions of its earnings projections. The Zacks Consensus Estimate for ...

A month has gone by since the last earnings report for General Mills (GIS) . Shares have added about 3.3% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is General Mills due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. General Mills Q4 Earnings Top Despite Adverse Pric ...

Key TakeawaysConsumer staples stocks have struggled lately as consumers reassess their spending amid stubborn inflation.However, staple stocks rose Wednesday as investors moved out of technology stocks.Investors could be looking to hedge against economic weakness and capitalize on the sector's recent underperformance. While tech stocks are falling Wednesday, consumer staples are on the rise.  The S&P 500’s consumer staples sector was up 1.5%, making it the benchmark index’s best performer on a day when the ...

Core Viewpoint - Major indexes are reaching new highs, yet notable blue-chip stocks are underperforming, trading near their 52-week lows, presenting potential investment opportunities [1][2]. Group 1: McDonald's (MCD) - McDonald's shares have fallen approximately 14.5% in 2024, underperforming the broader market [3]. - Concerns over affordability due to rising fast-food prices and a modest same-store sales growth of 1.9% in Q1 have contributed to the stock's decline [3][4]. - Despite the recent dip, MCD trades at 20.8 times this year's expected earnings per share (EPS), below its historical average, indicating potential for upside as EPS growth is anticipated to accelerate [4]. Group 2: Northrop Grumman (NOC) - Northrop Grumman's stock has declined 8% year-to-date, despite its strong historical performance and a track record of 20 consecutive years of dividend increases, with a compound annual growth rate (CAGR) of 11.9% over the past decade [6][7]. - The company is well-positioned to benefit from increased global defense budgets due to rising geopolitical tensions, making its current stock price near 52-week lows attractive for investors [7]. Group 3: General Mills (GIS) - General Mills has seen a stock decline of about 15% over the past year, trading near its 52-week lows [8][10]. - The company is considered recession-proof, with stable cash flows from well-known brands, and has maintained its dividend since 1990, despite a temporary halt in increases from 2018 to 2020 [9][10]. - Currently, General Mills has a price-to-earnings (P/E) ratio of 14 times based on FY2024's consensus EPS estimate of $4.49, along with a solid 3.8% yield, making it a compelling investment opportunity [10].

The benchmark S&P 500 index is at a record high, having just closed above the 5,600 level for the very first time. So far, in 2024, the index is up 18%, marking one of the best starts in its history and the best start ever to a presidential election year. While the run has been impressive, it has also been uneven, with the gains largely concentrated in a few mega-cap technology stocks.Many components of the S&P 500 index have not participated in the current rally, and their share prices are in the red on th ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE FISCAL YEAR ENDEDMAY 26, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM __________ TO __________ Commission file number:001-01185 ________________ GENERAL MILLS, INC. (Exact name of registrant as specified in its charter) Delaware 41-0274440 (State or othe ...

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. As it happens, we’re limping toward the end of calendar Q2 on seasonally low volume and with nearly all the important economic data points for the month already having been released.This changes Friday, of course. That’s when we see Personal Consumption Expenditures (PCE) for May hit the tape. T ...

General Mills, Inc. (NYSE:GIS) Q4 2024 Earnings Conference Call June 26, 2024 9:00 AM ET Company Participants Jeff Siemon - Vice President of Investor Relations and Treasurer Kofi Bruce - Chief Financial Officer, Interim Chief Strategy and Growth Officer Jeffrey Harmening - Chairman and Chief Executive Officer Conference Call Participants Kenneth Goldman - JPMorgan Andrew Lazar - Barclays Bryan Spillane - Bank of America Stephen Powers - Deutsche Bank Connor Cerniglia - Alliance Bernstein Thomas Palmer - Ci ...

General Mills, Inc. (GIS) posted soft fourth-quarter fiscal 2024 results, as both the top and bottom lines declined year over year, and revenues missed the Zacks Consensus Estimate. Results were hurt by the adverse net price realization and mix.However, the company saw better volume performance in the second half of the fiscal and realized top-tier Holistic Margin Management (“HMM”) cost savings, enabling it to maintain brand investments while fulfilling profit and cash goals. In fiscal 2025, General Mills ...

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 ...