- General Mills‘ adjusted earnings per share (EPS) for Q1 2024 was $1.07, matching estimates but slightly down from $1.09 year-over-year (y/y).
- Adjusted gross margin remained steady at 35.4%, meeting both last year’s number and the estimate of 35.2%.
- The company reported net sales of $4.85 billion, a decrease of 1.2% y/y, but slightly above the estimate of $4.81 billion.
- North America Retail net sales reached $3.02 billion, down 1.8% y/y, but above the estimated $2.99 billion.
- North America Foodservice net sales were $536.2 million, closely matching last year’s $536.0 million and just under the estimate of $544.5 million.
- International net sales are up by 0.2% y/y, totaling $717.0 million, exceeding the estimate of $695.9 million.
- Organic net sales dropped by 1%, which was better than the estimated decrease of 1.72%.
- North America Retail organic net sales fell by 2%, but this was an improvement over the estimated decline of 2.99%.
- International organic net sales declined 1%, outperforming the forecasted drop of 3.38%.
- The company reaffirmed its full-year outlook for fiscal 2025, citing strong plans and expected improvement in Q1.
- General Mills‘ stock has 3 buy ratings, 19 hold ratings, and no sell ratings as noted by analysts.
General Mills on Smartkarma
Analyst coverage of General Mills on Smartkarma by Baptista Research shows a bullish sentiment towards the company’s recent strategies and performance. In their report titled “General Mills Inc.: Will The Acquisition of Edgard & Cooper To Expand Pet Food Portfolio Up Their Game? – Major Drivers,” they highlight General Mills‘ holistic financial performance and strategic insights. The report points out that General Mills is focusing on enhancing product offerings, particularly in pet food and cereals, to strengthen its market position.
Furthermore, in another report titled “General Mills Inc.: Are Its Portfolio Reshaping & Acquisition Strategy Paying Off? – Major Drivers,” Baptista Research discusses General Mills‘ encouraging third-quarter results, especially in North America retail and the pet segment. The CEO’s forecast for the fourth quarter aligns with the third quarter’s performance, but external variables add uncertainty. Baptista Research aims to assess these factors and conduct an independent valuation of General Mills using a Discounted Cash Flow methodology.
A look at General Mills Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
General Mills, Inc. has garnered a mix of Smartkarma Smart Scores, reflecting various aspects of its long-term outlook. With a strong Dividend score of 4 and Momentum score of 4, the company showcases stability in its dividend payouts and positive momentum in its market performance. However, areas like Value and Resilience scored lower at 2, indicating potential room for improvement in terms of undervaluation and resilience to market fluctuations. The Growth score of 3 suggests moderate expectations for future growth potential. Overall, General Mills‘ Smart Scores paint a picture of a company with solid dividends and positive market momentum, albeit with areas that may need attention for long-term success.
General Mills, Inc. is a global player in the consumer foods industry, known for manufacturing and distributing a wide range of branded and packaged food products. The company serves both consumer retail markets and supplies food products to the foodservice and commercial baking sectors. Despite facing varying Smart Scores across different facets like dividends, growth, resilience, and momentum, General Mills remains a prominent player in the food industry with a considerable market presence. As the company continues to navigate the challenges and opportunities in the market, its diverse product portfolio positions it well for continued growth and success in the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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