Categories AlphaGraphs, Consumer, Earnings
GIS Earnings: General Mills Q3 2024 earnings and sales beat estimates
General Mills, Inc. (NYSE: GIS) reported an increase in adjusted earnings for the third quarter of 2024 despite a modest decline in sales. The results came in above analysts’ estimates.
Net sales edged down 1% annually to $5.1 billion in the February quarter. Organic sales were down 1%. The weak top-line performance mainly reflects lower sales in the International and Pet segments. The latest number topped expectations.
Net earnings attributable to General Mills was $670.1 million or $1.17 per share in Q3, compared to $553.1 million or $0.92 per share in the year-ago quarter. Adjusted earnings per share moved up to $1.17 per share from $0.97 per share a year earlier, exceeding estimates.
“We continue to navigate today’s evolving operating environment while generating industry-leading levels of cost savings. And we remain committed to investing further in our brands and capabilities to drive profitable growth over the long term,” said General Mills’ chief executive officer Jeff Harmening.
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
Earnings Preview: Can Nvidia match its stellar FY25 performance this year?
For Nvidia Corporation (NASDAQ: NVDA), fiscal 2025 was a pivotal year in which the GPU giant generated record-high revenue and profit, capitalizing on its leadership in the AI chip market.
What to expect when Hormel Foods (HRL) reports Q2 2025 earnings results
Shares of Hormel Foods Corporation (NYSE: HRL) stayed green on Tuesday. The stock has gained 6% in the past three months. The branded foods company is scheduled to report its earnings
HD Earnings: Key quarterly highlights from Home Depot’s Q1 2025 financial results
The Home Depot (NYSE: HD) reported its first quarter 2025 earnings results today. Sales of $39.9 billion were up 9.4% year-over-year. Comparable sales decreased 0.3%. Net earnings were $3.4 billion,
