General Mills, Inc. (NYSE: GIS) reported third quarter 2022 earnings results today.
Net sales of $4.5 billion remained relatively flat compared to the year-ago period. Organic net sales increased 4%.
Net earnings attributable to General Mills rose 11% year-over-year to $660 million while EPS rose 13% to $1.08. Adjusted EPS increased 2% to $0.84.
General Mills raised its guidance for fiscal year 2022 and now expects organic net sales to increase approx. 5%. Adjusted EPS is now expected to range between flat and up 2%.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many