General Mills (GIS) reported $5.1 billion in revenue for the quarter ended February 2024, representing a year-over-year decline of 0.5%. EPS of $1.17 for the same period compares to $0.97 a year ago.The reported revenue represents a surprise of +2.93% over the Zacks Consensus Estimate of $4.95 billion. With the consensus EPS estimate being $1.04, the EPS surprise was +12.50%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Stree ...

Key PointsGeneral Mills had a solid quarter, outperforming the consensus, widening margins, and guiding cautiously. Capital returns are strong and growing, with a pivot back to revenue growth coming soon.The stock price confirmed a reversal following the release, indicating higher prices are coming.  5 stocks we like better than General MillsGeneral Mills NYSE: GIS stock made a hasty retreat in 2023 as peak inflation, growth and margin fears undercut the market, but now a complete reversal is in play. The c ...

General Mills (GIS) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $1.04 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this maker of Cheerios cereal, Yoplait yogurt and other packaged foods would post earnings of $1.15 per share when it actually produced earnings of $1.25, delivering a surpr ...

General Mills, Inc. (NYSE:GIS) Q3 2024 Earnings Call Transcript March 20, 2024 11:00 AM ET Company Participants Jeff Siemon - Vice President, Investor Relations & Treasurer Jeff Harmening - Chairman and Chief Executive Officer Kofi Bruce - Chief Financial Officer Conference Call Participants Jeff Siemon Good morning. This is Jeff Siemon, Vice President of Investor Relations and Treasurer. Thank you for listening to General Mills’ prepared remarks for our fiscal 2024 third-quarter earnings. Later this mornin ...

Fiscal 2024 Q3 Earnings March 20, 2024 General Mills Fiscal 2024 Third Quarter A Reminder on Forward-looking Statements ...

Exhibit 99 FOR IMMEDIATE RELEASE Mar. 20, 2024 General Mills Reports Fiscal 2024 Third-quarter Results • Net sales of $5.1 billion were down 1 percent in the third quarter and organic net sales1 were also down 1 percent; on a 2-year compound growth basis, net sales were up 6 percent and organic net sales were up 7 percent • Operating profit of $911 million was up 25 percent; adjusted operating profit of $914 million increased 14 percent in constant currency • Diluted earnings per share (EPS) of $1.17 were u ...

General Mills, Inc. (GIS) is likely to register a top-line decline when it reports third-quarter fiscal 2024 earnings on Mar 20. The Zacks Consensus Estimate for revenues is pegged at $4.95 billion, which suggests a decrease of 3.4% from the prior-year quarter’s reported figure.The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $1.04 per share. This indicates a rise of 7.2% from the year-ago quarter’s reported figure. GIS has a trailing four-quarter earnings surprise of ...

Many dividend stocks lost their luster over the past two years as rising interest rates boosted the yields of short-term CDs and T-bills above 5%. For most investors, it made more sense to collect those risk-free interest payments instead of dividends.But this year most analysts expect interest rates to stabilize or decline as inflation cools off. The ongoing rally in higher-growth tech stocks could also abruptly end as those popular companies struggle to maintain their rising valuations. Those factors coul ...

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General Mills (GIS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this maker of Cheerios cereal, Yoplait yogurt and other packaged foods have returned +5.9%, compared to the Zacks S&P 500 composite's +4.4% change. During this period, the Zacks Food - Miscellaneous industry, which General Mills falls in, has gained 4.4%. The key ques ...