General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook [Yahoo! Finance]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Yahoo! Finance
General Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook. Second-quarter sales and net income rose year-over-year and beat analysts' expectations. The snack and cereal maker expects adjusted profit to decline from last year because of increased investments. General Mills ( GIS ) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates. The snack and cereal maker recorded $5.24 billion in revenue , up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million. General Mills lowered its fiscal 2025 adjusted earnings per share (EPS) forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%. The company
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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