General Mills Discusses Its Accelerate Strategy And Approach To Driving Long-Term Sustainable Growth And Shareholder Returns
Portfolio Pulse from Benzinga Newsdesk
General Mills is focusing on its Accelerate strategy to drive long-term growth and shareholder returns, investing in brand building for its iconic brands. The company has reaffirmed its fiscal 2024 financial targets, expecting organic net sales to be down 1 percent to flat, and adjusted operating profit and EPS to increase by 4 to 5 percent in constant currency.
February 20, 2024 | 11:35 am
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General Mills reaffirms its fiscal 2024 financial targets, focusing on brand building and expecting organic net sales to be down 1 percent to flat, with adjusted operating profit and EPS to increase by 4 to 5 percent.
The reaffirmation of fiscal 2024 financial targets by General Mills, especially the expected increase in adjusted operating profit and EPS, is likely to be viewed positively by investors. The focus on brand building and long-term sustainable growth could further bolster investor confidence in the company's strategy, potentially leading to a positive short-term impact on the stock price.
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