General Mills CFO Says Do Not Expect The Operating Profit Margins To Improve This Year
Portfolio Pulse from Benzinga Newsdesk
General Mills' CFO announced in a conference call that the company does not expect its operating profit margins to improve this year.
September 20, 2023 | 1:25 pm
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General Mills' CFO announced that the company does not expect its operating profit margins to improve this year, which could negatively impact the company's stock.
Operating profit margin is a key indicator of a company's profitability. The announcement by the CFO that General Mills does not expect an improvement in this area could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price.
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IMPORTANCE 80
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