General Mills Says Executing Its Accelerate Strategy To Drive Sustainable, Profitable Growth And Top-tier Shareholder Returns Over Long Term
Portfolio Pulse from Benzinga Newsdesk
General Mills reaffirms its financial targets for fiscal 2025, expecting organic net sales to be flat to up 1%, adjusted operating profit to be down 2% to flat, and adjusted diluted EPS to range from down 1% to up 1%. Free cash flow conversion is expected to be at least 95% of adjusted after-tax earnings.
September 03, 2024 | 12:03 pm
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General Mills reaffirms its fiscal 2025 financial targets, indicating stable to slightly positive growth in sales and earnings. The company expects a headwind from incentive compensation adjustments.
General Mills' reaffirmation of its financial targets suggests stability in its financial performance, with slight growth potential. The impact of resetting incentive compensation is a minor headwind, but overall, the outlook remains stable. This news is important for investors as it provides guidance on expected performance.
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