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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NEUTRAL IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100