GIS - This Blue Chip Stock Just Crushed Profit Expectations
Coming off a robust fiscal first quarter, General Mills (NYSE: GIS) just raised its full-year outlook for organic net sales, earnings-per-share growth, and operating profit. And investors seem to like it -- General Mills stock has closed at new all-time highs for two days in a row.
Let's take a closer look at General Mills, how the company beat earnings estimates, and why the food stock is repeatedly printing new all-time highs lately.
Known for "Making food the world loves," General Mills' family of brands includes Cheerios, Betty Crocker, and Häagen-Dazs. The company's seemingly endless lineup of household-name food brands stacks up to a major presence in the grocery store.
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This Blue Chip Stock Just Crushed Profit Expectations