GIS - General Mills Analysts Increase Their Forecasts After Upbeat Earnings | Benzinga
General Mills, Inc. (NYSE: GIS) reported better-than-expected fourth-quarter financial results.
General Mills reported a third-quarter FY24 sales decline of 1% year-on-year to $5.099 billion, beating the analyst consensus estimate of $4.962 billion. Adjusted EPS of $1.17 beat the analyst consensus estimate of $1.05, according to data from Benzinga Pro.
"General Mills’ strategic focus on brand building, innovation, and in-store execution contributed to improved volume and market share trends in the third quarter,” said Chairman and CEO Jeff Harmening.
General Mills sees FY24 organic sales growth of -1% to 0%. The company sees FY24 adjusted EPS to grow 4% to 5% in constant currency.
General Mills shares fell 1.3% to trade at $68.54 on Thursday.
These analysts ...