GIS - General Mills: The Good News Wall Street Missed
2023-07-14 08:00:00 ET
General Mills (NYSE: GIS) has managed to put up some impressive financial results recently. But when the food producer reported its latest earnings (for its fiscal 2023 fourth quarter), investors were focused more on the future than the past -- so much so that a big dividend increase got lost in the mix. General Mills has some other notable strengths as well that long-term investors shouldn't ignore. Let's take a closer look.
Inflation has been running hot, leading food companies like General Mills to raise prices. If you've been to a grocery store lately, you know exactly what's been going on since your dollars aren't going quite as far as they used to not so long ago. Effectively, General Mills has been attempting to offset the margin squeeze it has faced as costs for ingredients, packaging, employees, and logistics have been on the rise.
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General Mills: The Good News Wall Street Missed