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17.12.25 - 17:51
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General Mills Earnings Top Expectations But CEO Warns Of ′K-Shaped′ Bifurcation (ZeroHedge)
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General Mills Earnings Top Expectations But CEO Warns Of 'K-Shaped' Bifurcation
General Mills reported better-than-expected quarterly earnings. Organic revenue fell 1% in the fiscal second quarter, much less than the Bloomberg Consensus estimate of -2.53%, while volumes remained flat after an 8% plunge in the first quarter. Still, the packaged food giant, with more than 100 brands worldwide, cautioned that a bifurcated consumer environment persists across North America.
"While we're encouraged by the progress we're making in improving volume, we've seen a change in consumer behavior this year that is driving an increase in the cost of volume across our categories," CEO Jeff Harmening said in prepared remarks.
But Harmening warned about the "K-shaped" economy, also known as the bifurcated consumer environment, where middle-income and upper-income households are doing just fine, while lower-income, working-class households are under pressure from lingering effects of fa...
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17.09.25 - 17:51
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General Mills Beats On Profit, Reaffirms Outlook Amid Sluggish Sales And At-Home Dining Trend (ZeroHedge)
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General Mills Beats On Profit, Reaffirms Outlook Amid Sluggish Sales And At-Home Dining Trend
General Mills reported first-quarter earnings that exceeded Wall Street's expectations, driven by a divestiture gain, despite slower sales. The maker of Cheerios and Blue Buffalo reaffirmed its full-year outlook, cautioning that EPS will remain under pressure as it invests to reignite volume-driven organic net sales growth. Notably, GIS executives have warned about a continued shift toward consumers eating at home rather than spending at restaurants. This is troubling news as the back-to-school season gets underway and the holiday shopping season begins in about two and a half months.
Besides Cheerios and Blue Buffalo, GIS also controls other top brands, including Cinnamon Toast Crunch, Betty Crocker, Nature Valley, and Yoplait. It delivered better-than-expected EPS and margin despite broad sales declines, with strength in International offset by weakness in North America Retail and Pet.
GIS Q1...
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02.09.25 - 16:01
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General Mills Reaffirms FY26 Outlook (AFX)
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WASHINGTON (dpa-AFX) - Ahead of the 2025 Barclays Global Consumer Staples Conference later on Tuesday, branded food company General Mills, Inc. (GIS) reaffirmed its adjusted earnings growth and or......
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