General Mills Q1 Adj EPS $1.09 Beats $1.08 Estimate, Sales $4.90B Beat $4.88B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Mills (NYSE:GIS) reported Q1 adjusted earnings of $1.09 per share, beating the analyst consensus estimate of $1.08 by 0.93 percent. This is a 1.8 percent decrease from the same period last year. The company also reported quarterly sales of $4.90 billion, beating the analyst consensus estimate of $4.88 billion by 0.41 percent, a 3.87 percent increase from the same period last year.
September 20, 2023 | 11:01 am
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General Mills reported better than expected Q1 earnings and sales, despite a slight decrease in earnings compared to the same period last year.
General Mills reported Q1 earnings and sales that beat analyst estimates, which is generally seen as positive news for the company's stock. However, the slight decrease in earnings compared to the same period last year might temper investor enthusiasm slightly.
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