General Mills Reaffirms FY24 Outlook - Update

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 | 64 dias atrás

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 | 253 dias atrás

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 | 982 dias atrás

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

While reporting financial results for the fourth quarter and fiscal 2022 on Wednesday, branded food company General Mills, Inc. (GIS) initiated constant-currency adjusted earnings per share and organic net sales growth guidance for the full-year 2023.

RTTNews | 1156 dias atrás

Japanese Market Notably Lower

Giving up some of the gains in the previous two sessions, the Japanese market is notably lower on Friday, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling well below the 42,700 level, with weakness across most sectors led by exporters and technology stocks.

RTTNews | 11 minutos atrás

Additional Support Predicted For Indonesia Shares

The Indonesia stock market has moved higher in two consecutive trading days, gathering almost 50 points or 0.6 percent in that span. The Jakarta Composite Index now sits just above the 7,950-point plateau and it may add to its winnings on Friday.

RTTNews | 24 minutos atrás

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday, giving up some of the gains in the previous two sessions, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 9,000 mark, with weakness in mining and financial stocks partially offset by gains in energy and technology stocks.

RTTNews | 32 minutos atrás

Hong Kong Shares May Stop The Bleeding On Friday

The Hong Kong stock market has finished lower in three straight sessions, tumbling almost 830 points or 3.3 percent along the way. The Hang Seng Index now rests just beneath the 25,000-point plateau although it may find traction on Friday.

RTTNews | 39 minutos atrás

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