General Mills Reaffirms 2024 Guidance At 2023 Barclays Global Consumer Staples Conference
Portfolio Pulse from Benzinga Newsdesk
General Mills has reaffirmed its full-year financial targets for fiscal 2024 at the 2023 Barclays Global Consumer Staples Conference. The company expects organic net sales to increase by 3-4%, adjusted operating profit to increase by 4-6%, adjusted diluted EPS to increase by 4-6%, and free cash flow conversion to be at least 95% of adjusted after-tax earnings.
September 06, 2023 | 11:05 am
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General Mills reaffirmed its fiscal 2024 targets, which could boost investor confidence in the company's performance and potentially lead to a positive impact on its stock price.
Reaffirming financial targets indicates that General Mills is confident in its business strategy and future performance. This could lead to increased investor confidence, which could positively impact the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100