Categories AlphaGraphs, Consumer, Earnings
General Mills (GIS) Q2 2024 Earnings: Key financials and quarterly highlights
General Mills, Inc. (NYSE: GIS) reported its second quarter 2024 earnings results today.
Net sales decreased 2% to $5.1 billion versus the same period a year ago. Organic net sales were down 2%.
Net earnings attributable to General Mills were $596 million, down 2% from last year. EPS rose 1% to $1.02. Adjusted EPS was $1.25, up 14% in constant currency.
Earnings beat estimates while revenue fell short of expectations.
The company updated its guidance for fiscal year 2024. Organic net sales are now expected to range between down 1% and flat, compared to the previous range of 3-4% growth. Adjusted EPS is now expected to increase 4-5% in constant currency, compared to the previous range of 4-6% growth in constant currency.
The stock fell over 1% in premarket hours on Wednesday.
Prior performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q2 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported its second quarter 2024 earnings results today. Net sales increased 4.9% year-over-year to $5 billion. Organic sales increased 9%. Net income attributable to Colgate-Palmolive Company was $731
Key takeaways from Visa’s Q3 2024 earnings report
Credit card behemoth Visa, Inc. (NYSE: V) this week reported mixed results for the June quarter, with earnings matching expectations and sales slightly missing the view. Both numbers grew in
Southwest Airlines (LUV): A look at the airline’s performance in Q2 2024
Shares of Southwest Airlines Co. (NYSE: LUV) were up over 6% on Thursday after the company beat earnings estimates for the second quarter of 2024. The stock has gained 4%
