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 ...

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 ...