General Mills's Return On Capital Employed Insights
Portfolio Pulse from Benzinga Insights
General Mills (NYSE:GIS) reported Q4 earnings of $620.10 million, an 11.15% increase from Q3, despite a 1.87% decrease in sales to $5.03 billion. The company posted a Return on Capital Employed (ROCE) of 0.06%, indicating effective capital allocation. General Mills also beat analyst predictions with Q4 earnings per share at $1.12.
June 29, 2023 | 2:45 pm
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General Mills reported increased Q4 earnings and effective capital allocation, despite a slight decrease in sales. The company also beat analyst EPS predictions.
The increase in earnings and effective capital allocation, along with beating analyst predictions, are positive indicators for General Mills. Despite a slight decrease in sales, the company's financial performance appears strong, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100