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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NEGATIVE IMPACT
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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100