general mills earnings report

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Image source: General Mills' investor presentation. Is 3M (NYSE: MMM) Earnings Beat the Start of a New Rally? Between now and then, General Mills will be reinvesting in the business, cutting costs, and delivering innovative snack and meal solutions to its biggest platform of consumers to date. The snack and cereal giant had recently posted impressive growth thanks to … General Mills' on-the-go segment shrank, falling 14%, but the company continues to see a net benefit from reduced consumer eating in places like restaurants, cafeterias, schools, and convenience stores. GIS has a forward dividend of $2.04 and a dividend yield of 3.41%. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. General Mills has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, March 17th, 2021 based off prior year's report dates. I’m expecting a strong earnings report that will draw investors’ eyes back onto General Mills and make them realize that even though shares have stagnated, business certainly hasn’t. Net earnings attributable to General Mills totaled $626 million, up 10 percent from a year ago. Sales were $4.42 billion. General Mills (GIS) said it … General Mills , set to report its earnings tomorrow, is an excellent value proposition right now. General Mills' fiscal fourth quarter of 2020 captured the beginning of the COVID-19 pandemic, and the 16% organic sales spike from that period will set an extremely high bar. General Mills, Inc.(NYSE:GIS): General Mills (GIS) thrived due to the pandemic, and its revenue and earnings increased tremendously over past quarters. Learn everything you need to know about successful options trading with this three-part video course. Bottom-line profitability for fiscal 2021 is "now expected to be in line or better" than last year, executives said in an investor presentation. All rights reserved. Stock Advisor launched in February of 2002. Returns as of 01/27/2021. General Mills has laid out a framework to drive growth in fiscal year 2020 and this plan includes driving innovation and improving marketing and in-store execution. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. The good news is that the drop will still reflect higher sales than General Mills was notching before COVID-19. It has been about a month since the last earnings report for General Mills (GIS Quick Quote GIS - Free Report) .Shares have lost about 5.8% in that time frame, underperforming the S&P 500. General Mills Earnings Second Quarter Fiscal 2021 December 17, 2020 •Excellent Execution Drove Strong Performance in Q2 •Delivering on Fiscal 2021 Priorities •Expect Continued Strong Top and Bottom-line Growth in Q3 •Full-year Adjusted Operating Profit Margin* Now Expected to Be Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. General Mills EPS beats by $0.09, beats on revenue SA News • Dec. 17, 2020 • 6 Comments FQ1 2021 (Aug 2020) EPS of $1.00 beat by $0.13 Revenue of $4.36B (9.03% YoY) beat by $151.08M FQ4 2020 … To see all exchange delays and terms of use please see disclaimer. Executives provided context for the 7% organic sales growth figure they reported, which marked just a modest slowdown from the 10% increase in the previous quarter. Wall Street analysts see General Mills reporting earnings of $0.97 per share on sales of $4.65 billion. If there's a growth slowdown coming for General Mills (NYSE:GIS), it won't strike for at least another quarter. To receive notifications via email, enter your email address and select at least one subscription below. Adjusted diluted EPS of $1.10 were up 33 percent from the prior year in constant currency, primarily reflecting higher adjusted operating profit, higher after-tax earnings from joint ventures, and a lower adjusted effective tax rate, partially offset by higher average diluted shares … View which stocks are hot on social media with MarketBeat's trending stocks report. Revenue is estimated to be $4.08 billion. After submitting your information, you will receive an email. General Mills last announced its quarterly earnings results on December 16th, 2020. Still, management is bullish about the outlook, both for earnings and for broader global growth trends. As a result, investors should brace for modest revenue declines following the current quarter. General Mills has generated $3.61 earnings per share over the last year and currently has a price-to-earnings ratio of 15.6. GIS Operating Revenue (Quarterly YoY Growth) data by YCharts. Fundamental company data provided by Morningstar and Zacks Investment Research. Export data to Excel for your own analysis. Start Your Risk-Free Trial Subscription Here, Marvell Technology (NASDAQ:MRVL) Stock a Buy: An Underrated Semi Company, Desktop Metal (NYSE: DM) Stock is a Next-Gen 3D Printing Buy, Fisker Inc. (NYSE: FSR) Stock is an Overlooked U.S. EV Play, D.R. 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Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. The chart below shows up to four years of a company's earnings history. Management is expecting that favorable situation to last while eating-out demand remains depressed by social distancing efforts. Sales hit more than $4.3 billion, up from $4 billion … Summary. Moreover, earnings and … MINNEAPOLIS, Minnesota - The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.49 per share, payable May 1, 2019, to shareholders of record as of April 10, 2019. General Mills' profit margins are rising, rather than falling as management had warned in late September. General Mills (NYSE:GIS) Earnings Information General Mills last released its quarterly … Here Are 3 Stocks You Might Want to Buy, These 3 Value Stocks are Absurdly Cheap Right Now, 3 Top Stocks to Recession-Proof Your Portfolio, Copyright, Trademark and Patent Information. General Mills' profit margins are rising, rather than falling as management had warned in late September. Sales gains were almost evenly balanced between rising volumes and higher prices, but some parts of the portfolio performed much better than others. GIS: Get the latest General Mills stock price and detailed information including GIS news, historical charts and realtime prices. General Mills … Get short term trading ideas from the MarketBeat Idea Engine. The company’s stock price has collected -0.73% of loss in the last five trading sessions. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. © American Consumer News, LLC dba MarketBeat® 2010-2021. Learn more. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Food giant General Mills - Get Report posted stronger-than-expected earnings Thursday as it continues to benefit from the coronavirus pandemic that … Moreover, as the vaccines roll out, interest rates and growth expectations will likely rise which will be a headwind for consumer staples. Analysts expect General Mills to report earnings per share (EPS) of 76 cents to 79 cents when the company releases results before the opening bell on Wednesday, June 26. The U.S. segment was a standout performer. And General Mills, the maker of brands like Cheerios, reported its earnings beat expectations. Its revenue was up 6.8% compared to the same quarter last year. These issues combined to push adjusted operating margin up to 18.4% of sales from 18.3% a year ago. The General Mills earnings report has the company reaffirming its outlook for fiscal 2020. Learn more. That was the key takeaway from the snack and cereal giant's recent earnings report that paired strong revenue gains with increased profitability. The reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.09. General Mills (GIS) reports earnings on 3/18/2021. Moreover, earnings and sales … The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. Management issued a bullish short-term sales outlook, saying they expect fiscal third-quarter growth to roughly match the 7% rate investors saw in the second. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. For the last reported quarter, it was expected that General Mills would post earnings of $0.87 per share when it actually produced earnings of $1, delivering a surprise of +14.94%. Get the latest General Mills, Inc. GIS detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. The pet food business chipped in huge growth, too, as the Blue Buffalo brand continued rolling out to more retailing locations. YoY = year-over-year. Shares are down 6.7% since reporting last quarter. Receive a free world-class investing education from MarketBeat. Cumulative Growth of a $10,000 Investment in Stock Advisor, General Mills Earnings in 3 Charts @themotleyfool #stocks $GIS, GIS Operating Revenue (Quarterly YoY Growth), General Mills Brightens Its Earnings Outlook, General Mills Inc (GIS) Q2 2021 Earnings Call Transcript, Love Dividends? In a conference call with Wall Street analysts last week, the owner of hit brands like Cheerios and Pillsbury predicted that elevated demand related to COVID-19 will support higher sales for the business through at least the end of the next quarter. The dark blue line represents the company's actual earnings per share. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. See what's happening in the market right now with MarketBeat's real-time news feed. Investors had some big questions heading into General Mills' () fiscal 2021 second-quarter earnings report. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. That’s 23% better than the $520.6 million reported during the same time last year. Do Not Sell My Information. General Mills will report earnings on September 18, and I expect to see little in terms of top-line growth or margin expansion. Looking for new stock ideas? We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. Diluted EPS of $1.02 increased 9 percent. General Mills annual and quarterly earnings per share history from 2006 to 2020. Learn about financial terms, types of investments, trading strategies and more. General Mills stock is trading higher early Wednesday following the packaged food maker’s fiscal upbeat first-quarter earnings report and a dividend increase. General Mills Inc. (NYSE:GIS) went down by -0.66% from its latest closing price compared to the recent 1-year high of $66.14. But year-over-year comparisons get much harder from there. The General Mills earnings report also includes a net income of $638.9 million. Even modest successes in those areas would lay the groundwork for significantly faster growth ahead than the flat results the company was notching just before the pandemic struck. View our full suite of financial calendars and market data tables, all for free. Get daily stock ideas top-performing Wall Street analysts. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. General Mills released robust second-quarter fiscal 2021 results, with the top and the bottom lineincreasing year over year. That includes its adjusted earnings per share growth of … MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. View General Mills, Inc. GIS investment & stock information. The firm earned $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. General Mills is slated to report first quarter 2020 earnings results on Wednesday, September 18, before the opening bell.The Street expects earnings to grow 8.5% to $0.77 per share. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. Please log in to your account or sign up in order to add this asset to your watchlist. General Mills: A U.S.-based food company. Market data powered by FactSet and Web Financial Group. CEO Jeff Harmening and his team see further gains ahead. Let's take a look at some highlights. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Horton, Inc. (NYSE:DHI) Is A Buy On Post-Earnings Weakness. The biggest factors supporting that bounce are innovative product launches, rising prices, and reduced manufacturing expenses. General Mills EPS in the same period a year ago totaled $0.95. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. However, analyst estimates for the soon-to-be-reported earnings report don’t indicate significant growth. As for the company's upcoming earnings report next week, GIS is expected to report an EPS of $0.97. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. General Mills gained market share in almost all of its category niches on robust sales in its snack and meal products, yogurts and cereals, and baking ingredients. The biggest factors supporting that bounce are … But General Mills warned about a likely drop occurring in the next quarter as the company goes up against a prior-year period that saw spiking sales at the start of the pandemic. You can opt out at any time. Investors had some big questions heading into General Mills' (NYSE: GIS) fiscal 2021 second-quarter earnings report. GIS Operating Margin (Quarterly) data by YCharts. General Mills released robust second-quarter fiscal 2021 results, with the top and the bottom lineincreasing year over year. The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.51 per share, payable May 3, 2021, to shareholders of record as of April 9, 2021. 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