General Mills Reaffirms FY24 Outlook - Update

RTTNews | 502 days ago
Stocktwits
General Mills Reaffirms FY24 Outlook - Update

(RTTNews) - 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.

For fiscal 2024, the company continues to project constant-currency adjusted earnings per share to grow 4 to 6 percent on organic net sales growth of 3 to 4 percent.

The Street is currently looking for earnings of $4.47 per share on revenues of $20.62 billion for the full-year 2024.

The company said it expects to drive organic net sales growth in fiscal 2024 through strong marketing, innovation, in-store support, and net price realization generated through its Strategic Revenue Management (SRM) capability.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Tags: GIS
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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 | 47 days ago
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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 | 776 days ago
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