General Mills Faces Mixed Q1 Results: Earnings Win, Sales Drop, And Big Bets On 2025 Rebound
Portfolio Pulse from Nabaparna Bhattacharya
General Mills reported mixed Q1 results with earnings slightly beating expectations but sales declining. The company is focusing on a 2025 rebound, including selling its North American Yogurt business for $2.1 billion. Shares are trading slightly lower.
September 18, 2024 | 12:20 pm
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General Mills reported Q1 earnings that slightly beat expectations but saw a decline in sales. The company is focusing on a rebound by 2025, including a $2.1 billion sale of its North American Yogurt business. Shares are trading slightly lower.
General Mills' Q1 results showed a slight earnings beat but a decline in sales, leading to a marginal drop in share price. The sale of the yogurt business is a strategic move to focus on long-term growth, but the immediate impact is negative due to current sales decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100