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General Mills Shares Gain On Higher Q4 Adj. Earnings, Sales Growth; $3 Bln Cost Savings Target

General Mills Shares Gain On Higher Q4 Adj. Earnings, Sales Growth; $3 Bln Cost Savings Target

Shares of General Mills, Inc. were gaining around 7 percent in the early morning trading on the NYSE, after the branded food major reported Wednesday higher fourth-quarter adjusted earnings and net sales, and announced a $3 billion cost savings plan by fiscal 2030. Meanwhile, including one-time costs, the company slipped to a hefty loss in the quarter, and warned on weak adjusted earnings in FY27.
RTTNews | Před 72 dny
General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down

General Mills Q4 Adj. Profit Beats Market, Sales Miss; Warns On FY26 Earnings; Stock Down

General Mills, Inc. on Wednesday reported that its fourth-quarter earnings were hurt by lower net sales. However, adjusted earnings beat market estimates, while top line missed their view. Further, the branded food company issued fiscal 2026 adjusted earnings outlook, expecting year-over-year decline. General Mills added that its top priority in the new year is to restore volume-driven organic...
RTTNews | Před 443 dny
General Mills Cuts FY25 View Despite Q2 Above Market; Stock Drops

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 632 dny
General Mills Reaffirms FY24 Outlook - Update

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 1087 dny
General Mills Boosts FY23 Outlook As Q2 Results Top Estimates

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 1361 dny