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

RTTNews | 1057 วันที่ผ่านมา
General Mills Initiates FY23 Outlook; Boosts Qtly Dividend 6% - Update

(RTTNews) - 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.

General Mills said it expects the largest factors impacting its performance in fiscal 2023 to be the economic health of consumers, the inflationary cost environment, and the frequency and severity of disruptions in the supply chain.

The company also estimates the net impact of a series of portfolio reshaping transactions to reduce fiscal 2023 adjusted operating profit growth and adjusted earnings per share growth by approximately 3 percent each.

For fiscal 2023, the company now projects constant-currency adjusted earnings per share to range between flat and up 3 percent on organic net sales growth of 4 to 5 percent.

The Street is currently looking for earnings of $3.96 per share on revenue growth of 1.1 percent to $19.11 billion for the year.

The General Mills board of directors also declared a six percent higher quarterly dividend of $0.54 per share, payable August 1, 2022, to shareholders of record July 8, 2022.

แท็ก : GIS
read more
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 | 154 วันที่ผ่านมา
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 | 609 วันที่ผ่านมา
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 | 883 วันที่ผ่านมา
Swiss Markets Ends Modestly Lower

Swiss Markets Ends Modestly Lower

The Switzerland market ended lower on Wednesday after languishing in negative territory right through the day's trading session, as concerns about trade and geopolitical uncertainty rendered the mood cautious, prompting investors to refrain from making significant moves.
RTTNews | 1 ชม. 22 นาทีที่ผ่านมา
European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European Stocks Close On Mixed Note Amid Geopolitical, Trade Uncertainty

European stocks turned in a mixed performance on Wednesday after a cautious session as investors awaited clarity on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weighed on sentiment. A downward revision in U.S. federal deficit weighed as well.
RTTNews | 2 ชม. 0 นาทีที่ผ่านมา
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares are likely to open on a mixed note Wednesday morning. Weak European stocks, concerns about U.S. debt, impasse over peace talks and a lack of progress in trade negotiations may weigh on sentiment. Firm bullion and crude oil prices could trigger buying in resources sectors and limit market's downside.
RTTNews | 6 ชม. 40 นาทีที่ผ่านมา
UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK Inflation Strongest Since Early 2024 On Household Bills, Employer Tax

UK consumer price inflation accelerated sharply to the highest level in more than a year in April due to higher domestic bills and the hike in employers' taxes, official data revealed on Wednesday. The consumer price index rose by a bigger-than-expected 3.5 percent year-on-year in April, which was faster than the 2.6 percent increase in March, the Office for National Statistics reported.
RTTNews | 7 ชม. 30 นาทีที่ผ่านมา