General Mills Reaffirms FY24 Outlook - 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 | 10h 29min ago

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 | 729 days ago

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 | 903 days ago

Swiss Market Ends Notably Lower

The Switzerland market closed notably lower on Wednesday, after languishing in negative territory right through the day's trading session, as investors weighed global economic outlook in the wake of the latest data on Eurozone and U.K. inflation, and awaited the Federal Reserve's monetary policy announcement.

RTTNews | 5h 38min ago

European Stocks Close Higher Ahead Of Fed, BoE Policy Announcements

European stocks closed slightly higher on Wednesday after a cautious session as investors digested the latest batch of regional economic data and awaited the Federal Reserve's monetary policy announcement due later in the day, and the Bank of England's policy announcement on Thursday.

RTTNews | 5h 51min ago

U.S. Housing Starts Unexpectedly Extend Slump In November, But Building Permits Surge

While the Commerce Department released a report on Wednesday unexpectedly showing a continued slump by housing starts in the U.S. in the month of November, the report also showed a much bigger than expected surge by building permits.

RTTNews | 10h 14min ago

Bay Street May Open On Positive Note

Canadian shares are likely to open higher on Wednesday, tracking firm crude oil and marginally higher gold prices. The focus is on the Federal Reserve's interest rate decision due later in the day.

RTTNews | 10h 56min ago

UK Inflation Highest In 8 Months

UK consumer price inflation accelerated to an eight-month high in November, reinforcing the chances of the Bank of England deciding to keep the interest rate unchanged on Thursday. The consumer price index rose 2.6 percent year-on-year following a 2.3 percent gain in October, the Office for National Statistics reported Wednesday.

RTTNews | 12h 12min ago

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