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General Mills (GIS) Beats Q3 Earnings Estimates
GISGeneral Mills(GIS) ZACKS·2025-03-19 13:15

Core Viewpoint - General Mills reported quarterly earnings of 1pershare,exceedingtheZacksConsensusEstimateof1 per share, exceeding the Zacks Consensus Estimate of 0.95 per share, but down from 1.17pershareayearago[1][2]FinancialPerformance−Theearningssurpriseforthequarterwas5.261.17 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was 5.26%, with the company previously expected to post earnings of 1.22 per share but actually reporting 1.40,resultinginasurpriseof14.751.40, resulting in a surprise of 14.75% [2] - Revenues for the quarter were 4.84 billion, missing the Zacks Consensus Estimate by 2.28%, and down from 5.1billionyear−over−year[3]−Overthelastfourquarters,GeneralMillshassurpassedconsensusEPSestimatesfourtimesandtoppedrevenueestimatestwice[2][3]StockPerformanceandOutlook−GeneralMillsshareshavedeclinedapproximately5.25.1 billion year-over-year [3] - Over the last four quarters, General Mills has surpassed consensus EPS estimates four times and topped revenue estimates twice [2][3] Stock Performance and Outlook - General Mills shares have declined approximately 5.2% since the beginning of the year, compared to a decline of 4.5% for the S&P 500 [4] - The current consensus EPS estimate for the upcoming quarter is 0.93 on revenues of 4.75billion,andforthecurrentfiscalyear,itis4.75 billion, and for the current fiscal year, it is 4.36 on revenues of $19.79 billion [8] Industry Context - The Zacks Industry Rank for Food - Miscellaneous, which includes General Mills, is currently in the bottom 46% of over 250 Zacks industries, indicating potential underperformance compared to higher-ranked industries [9]