Earnings Alerts

General Mills (GIS) Earnings: Reaffirms FY Organic Net Sales Forecast with Steady Performance

By September 3, 2024 No Comments
  • General Mills maintains its forecast for fiscal year organic net sales.
  • Organic net sales are expected to be between 0% and +1% growth.
  • The estimate for organic net sales growth is approximately +0.34%.
  • Adjusted earnings per share (EPS) in constant currency are projected to be between -1% and +1%.
  • Adjusted operating loss in constant currency is expected to be between -2% and 0%.
  • General Mills has reaffirmed its annual guidance.
  • Analyst ratings include 4 buys, 18 holds, and 0 sells for General Mills.

General Mills on Smartkarma

Analyst coverage of General Mills on Smartkarma by Baptista Research reveals insights into the company’s recent performance and strategic direction. In the report titled “General Mills Inc.: Will The Acquisition of Edgard & Cooper To Expand Pet Food Portfolio Up Their Game? – Major Drivers,” the analysts highlight General Mills‘ focus on expanding its pet food portfolio and enhancing brand investments. The report commends the company’s coherent strategy in key areas like pet food and cereals, signaling a forward-looking approach to sustain and boost market position.

In another report titled “General Mills Inc.: Are Its Portfolio Reshaping & Acquisition Strategy Paying Off? – Major Drivers,” Baptista Research discusses General Mills‘ positive third-quarter results, particularly in North America retail and the pet segment. While CEO Jeff Harmening forecasts a similar sales performance in the fourth quarter, external variables pose uncertainties. The analysis emphasizes evaluating factors influencing the company’s price and conducting an independent valuation using a Discounted Cash Flow methodology.


A look at General Mills Smart Scores

FactorScoreMagnitude
Value2
Dividend4
Growth3
Resilience2
Momentum4
OVERALL SMART SCORE3.0

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

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General Mills, Inc. manufactures and markets branded and packaged consumer foods globally, catering to both individual consumers and businesses in the foodservice and commercial baking sectors. When analyzing the company’s long-term outlook using the Smartkarma Smart Scores, General Mills receives a solid score of 4 for Dividend and Momentum, indicating strong performance in these areas. With a score of 3 for Growth, there is moderate potential for expansion. However, scores of 2 for both Value and Resilience suggest that there may be areas requiring improvement for the company in terms of its financial standing and ability to withstand economic challenges.

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In summary, General Mills shows strength in providing dividends and maintaining positive momentum, which could appeal to investors seeking steady returns. The company’s focus on manufacturing and marketing a variety of consumer foods worldwide underscores its position in the industry. While there are areas such as value and resilience that may need attention, General Mills‘ overall outlook appears promising with opportunities for growth and stability in the long run.

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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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