General Mills Q4 Adj EPS $1.12 Beats $1.07 Estimate, Sales $5.03B Miss $5.17B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Mills reported Q4 adjusted earnings of $1.12 per share, beating the analyst consensus estimate of $1.07 by 4.67%. However, the company's quarterly sales of $5.03 billion missed the analyst consensus estimate of $5.17 billion by 2.71%. This represents a 2.84% increase over sales of $4.89 billion the same period last year.
June 28, 2023 | 11:01 am
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General Mills' Q4 earnings beat estimates but sales missed, indicating mixed performance.
General Mills' earnings beat estimates, which is a positive signal for investors. However, the company's sales missed estimates, which could be a concern. The net impact on the stock is likely to be neutral in the short term as the positive and negative factors balance each other out.
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