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INX:GIS, Sep 26, 09:39 UTC

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Saturday, September 22


News

Is It Time to Buy General Mills Stock After the Latest Drop?

GIS

Is It Time to Buy General Mills Stock After the Latest Drop? General Mills (NYSE: GIS) posted earnings results this week, and, as they have in response to many of the company's recent reports, investors reacted harshly to the news. Shareholders also can't be excited about unfavorable industry trends that pair rising commodity prices with weak demand. Yet the company's latest report contained enough bright spots that investors might want to rethink the reflex reaction of avoiding this stock. General Mills' core sales rose by less than 1%, no real improvement over the flat results from the prior full fiscal year. But look beneath that top-line figure and you'll see signs of healthier demand trends over the last few months.

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  • Financial

Friday, September 21


News

General Mills Gave Investors a Tough Report to Swallow

GIS

In this segment from MarketFoolery, host Chris Hill and analysts Ron Gross and Emily Flippen discuss packaged food giant General Mills (NYSE: GIS), which has been experiencing rocky results for a while now. It seems weird to say this, but the bright spot in North America for General Mills was actually cereal. That's one that's been proven to be not too well received by the market, but potentially expanding outside of slowing growth areas. Flippen: I think it's genuinely getting to be a bigger piece of the pie. While they still are sticking with North America as their target market, and you can see that with a lot of these smaller niche brands they're really pushing here, I think they're realizing that, in terms of their life cycle in America, cereals, yogurts, these sort of products, have changed for the American tastes.

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Thursday, September 20


News

What’s Stalling the Recovery in General Mills Stock?

GIS

General Mills (GIS) continues to disappoint with its soft organic sales and sluggish margins. During its most recent quarter, the company’s management stated that it had managed to improve its organic sales for the fourth consecutive quarter. The company’s gross and operating profit margins have contracted, reflecting continued inflation in input costs and higher transportation charges.

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General Mills Beat Q1 2019 EPS Estimate, Outlook a Concern

GIS

General Mills (GIS) reported stronger-than-expected bottom-line results for its fiscal 2019 first quarter. Its adjusted earnings of $0.71 remained flat YoY (year-over-year) but handily surpassed analysts’ estimate of $0.64.

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What Affected General Mills’ Fiscal 2019 First-Quarter Margins?

GIS

General Mills (GIS) disappointed with its margins performance in its fiscal 2019 first quarter. Its adjusted gross and operating profit margins fell, reflecting continued inflation in input costs and higher supply-chain costs.

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Wednesday, September 19


News

How General Mills’ Segments Performed in Q1 2019

GIS

General Mills’ (GIS) largest business segment—North American Retail—continues to disappoint with its weak sales performance. The segment’s net sales decreased 2% YoY (year-over-year) to $2.4 billion, reflecting lower volumes. Tough YoY comparables also remained a drag. The segment’s organic sales decreased 1% as lower volumes of -2% more than offset the 1% gain from higher pricing and mix.

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Tuesday, September 18


News

Why Tesla, Apogee Enterprises, and General Mills Slumped Today

GIS TSLA

Dan Caplinger, The Motley FoolMotley FoolSeptember 18, 2018, 8:31 PM GMT. The stock market performed well on Tuesday, including gains of nearly 200 points for the Dow Jones Industrial Average and similarly positive moves for other major benchmarks. At first glance, decisions from the U.S. and China to impose new tariffs on each other might have seemed like bad news, but investors were pleased that the actual tariff rates on the goods covered by the measures were less severe than initially feared. Even with that as a positive backdrop, some companies weren't able to avoid bad news that sent their shares lower. Tesla (NASDAQ: TSLA), Apogee Enterprises (NASDAQ: APOG), and General Mills (NYSE: GIS) were among the worst performers on the day.

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General Mills (GIS) Tops Q1 Earnings, Misses Sales Estimates - September 18, 2018

GIS

Including one-time items, earnings came in at 65 cents per share, reflecting a decrease from 69 cents in the year-ago quarter.SalesNet sales of $4,094 million advanced 9% year over year, while it fell short of the Zacks Consensus Estimate of $4,120 million. Organic sales witnessed a modest improvement fueled by organic net price realization and mix in all segments, somewhat countered by reduced organic volumes across North America Retail, Convenience Stores & Foodservice, and Europe & Australia units. Notably, this marked the company’s fourth straight quarter of organic sales growth.MarginsAdjusted gross margin contracted 160 basis points (bps) to 33.6% due to input cost inflation and a one-time accounting charge related to Blue Buffalo’s buyout. These upsides were partially negated by softness in the Pet Specialty channel.Other Financial AspectsThe company ended the quarter with cash and cash equivalents of $432.9 million, long-term debt of $12,665.1 million and total shareholders’ equity of $6,225.1 million.General Mills generated $607.4 million as net cash from operating activities during the quarter, which reflected 3% growth from the year-ago period. The company made capital investments worth $113 million.Further, General Mills paid dividends of roughly $294 million.Other DevelopmentsConstant-currency sales from joint ventures of Cereal Partners Worldwide and Haagen-Dazs Japan went down 2% and 14%, respectively in the first quarter.Fiscal 2019 GuidanceGeneral Mills continues to witness organic sales growth, on the back of solid innovation, effective marketing and in-store execution.

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Why Shares of General Mills, Inc. Plunged Today

GIS

Shares of food giant General Mills, Inc.(NYSE: GIS) fell as much as 8.8% in trading Tuesday after reporting fiscal first-quarter 2019 earnings. Revenue fell slightly short of the $4.12 billion that analysts were expecting, but adjusted earnings easily topped the $0.64 per share bar set by Wall Street. That's one reason estimates were a little high, but it's worth noting that management has been able to control costs and beat estimates on the bottom line, which has been a challenge in recent quarters pressured by transportation costs. I wouldn't read too much into the reaction today and think we're in the early innings of extracting value from acquisitions like Blue Buffalo, which has a long growth runway for General Mills.

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