General Mills foresees boosted profits amid panic buying [Toronto Globe and Mail (Ontario, Canada)]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Toronto Globe and Mail
Cheerios maker General Mills forecasts coronavirus boost to profit Cheerios maker General Mills announced quarterly results Wednesday. JASON LEE/Reuters Cheerios maker General Mills announced quarterly results Wednesday. General Mills Inc on Wednesday forecast a boost to its earnings this year as consumers stock up on its cereals, frozen foods and pet food in the face of the global coronavirus pandemic. The company, whose products such as Cheerios cereals and Yoplait yogurt are sold at supermarket chains, said the pandemic led to higher orders from retailers mainly in North America, Europe and Australia. The pandemic, which originated in Wuhan, China in late December and spread quickly around the world, has locked down several cities, disrupted businesses and kept people largely indoors, raising fears of a recession. “It’s been so long since we had a recession and especially here in the U.S. But certainly, during that time, people tend to eat in more, and General Mills did quite we
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News
- General Mills, Inc. (NYSE: GIS) had its price target lowered by analysts at Barclays PLC from $74.00 to $68.00. They now have an "equal weight" rating on the stock.MarketBeat
- General Mills, Inc. (NYSE: GIS) had its price target lowered by analysts at Citigroup Inc. from $71.00 to $67.00. They now have a "neutral" rating on the stock.MarketBeat
- General Mills, Inc. (NYSE: GIS) had its price target lowered by analysts at Stifel Nicolaus from $82.00 to $78.00. They now have a "buy" rating on the stock.MarketBeat
- General Mills, Inc. (NYSE: GIS) had its "sector perform" rating re-affirmed by analysts at Royal Bank of Canada. They now have a $70.00 price target on the stock.MarketBeat
- General Mills, Inc. (NYSE: GIS) had its price target lowered by analysts at TD Cowen from $75.00 to $64.00. They now have a "hold" rating on the stock.MarketBeat
GIS
Earnings
- 12/18/24 - Beat
GIS
Sec Filings
- 12/20/24 - Form 144
- 12/18/24 - Form 10-Q
- 12/18/24 - Form 8-K
- GIS's page on the SEC website