General Mills Q4 Adj $1.01 Beats $0.99 Estimate, Sales $4.71B Miss $4.85B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Mills (NYSE:GIS) reported Q4 earnings of $1.01 per share, beating the analyst estimate of $0.99, but sales of $4.71 billion missed the $4.85 billion estimate. Earnings decreased by 9.82% and sales by 6.30% compared to the same period last year.
June 26, 2024 | 11:01 am
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General Mills reported Q4 earnings of $1.01 per share, beating the estimate of $0.99, but sales of $4.71 billion missed the $4.85 billion estimate. Earnings decreased by 9.82% and sales by 6.30% compared to the same period last year.
While General Mills beat earnings estimates, the miss on sales and the year-over-year decline in both earnings and sales could create mixed sentiment among investors. The stock may experience volatility but is likely to remain neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100