General Mills Initiates FY23 Outlook; Boosts Qtly Dividend 6% - Update

General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

Shares of General Mills, Inc. were losing around 6 percent in the pre-market activity on the NYSE after the branded food company on Wednesday trimmed its fiscal 2025 earnings view, and said it sees net sales at the lower end of estimate range, citing increased promotional investment. This was despite reporting higher second-quarter profit and revenues, above market estimates.

RTTNews | Před 153 dny

General Mills Reaffirms FY24 Outlook - Update

While reporting financial results for the first quarter on Wednesday, branded food company General Mills, Inc. (GIS) reaffirmed its adjusted earnings growth and organic net sales growth outlook for the full-year 2024.

RTTNews | Před 609 dny

General Mills Boosts FY23 Outlook As Q2 Results Top Estimates

Branded food company General Mills reported Tuesday a profit for the second quarter that edged up 1 percent from last year, driven by improved gross margins and 4 percent net sales growth. Both adjusted earnings per share and net sales topped analysts' estimates. The company also raised its adjusted earnings and organic net sales growth guidance for the full-year 2023.

RTTNews | Před 882 dny

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.

RTTNews | Před 21 minutami

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.

RTTNews | Před 1 h 34 min

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.

RTTNews | Před 2 h 28 min

European Economic News Preview: UK Inflation Data Due

Consumer price data from the UK is the only major report due on Wednesday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics publishes UK consumer prices for April. Consumer price inflation is forecast to rise to 3.3 percent from 2.6 percent in March.

RTTNews | Před 2 h 42 min

Swiss Franc Rises Against Majors

The Swiss franc strengthened against other major currencies in the Asian session on Wednesday.

RTTNews | Před 2 h 53 min

EURUSD	1.1327	GBPUSD	1.34149	AUDUSD	0.64491
USDJPY	143.873	USDCAD	1.38828	USDCHF	0.82391

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General Mills Initiates FY23 Outlook; Boosts Qtly Dividend 6% - Update