GIS - General Mills Stock: Trends We're Watching Ahead Of Q3 Earnings

2024-03-13 16:33:16 ET

Summary

• General Mills is set to report its Q3 earnings on March 20.
• The company is dealing with weaker sales trends pressured by value-seeking consumers, with an expectation this dynamic continues.
• We remain cautious on the share price, which will likely need several quarters of improving trends to confirm a turnaround.

General Mills Inc. ( GIS ) is attempting to navigate a challenging environment within packaged foods and the consumer staples sector. Shares are down nearly 30% from their 2023 high following a string of disappointing results over the past year, highlighted by soft demand trends globally....

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