General Mills Q1 Adj $1.07 Beats $1.06 Estimate, Sales $4.85B Beat $4.80B Estimate
Portfolio Pulse from Benzinga Newsdesk
General Mills reported Q1 earnings of $1.07 per share, slightly beating the estimate of $1.06. Sales were $4.85 billion, also surpassing the $4.80 billion estimate. However, both earnings and sales showed a decline compared to the same period last year.
September 18, 2024 | 11:02 am
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General Mills' Q1 earnings and sales slightly beat estimates, but both figures declined compared to last year. This mixed result may lead to cautious investor sentiment.
General Mills reported earnings and sales that slightly exceeded analyst expectations, which is positive. However, the year-over-year decline in both metrics may concern investors, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100