Categories AlphaGraphs, Consumer, Earnings

GIS Earnings: Key quarterly highlights from General Mills’ Q4 2024 financial results

General Mills, Inc. (NYSE: GIS) reported its fourth quarter 2024 earnings results today.

Net sales decreased 6% year-over-year to $4.7 billion. Organic net sales were down 6%. 

Net earnings attributable to General Mills was $558 million, down 9% from last year. GAAP EPS declined 5% to $0.98 while adjusted EPS of $1.01 was down 10% in constant currency.

Earnings beat expectations while revenue missed estimates.

For fiscal year 2025, organic net sales are expected to range between flat and up 1%. Adjusted EPS is expected to range between down 1% and up 1% in constant currency from the base of $4.52 earned in fiscal year 2024.

The stock fell over 4% in premarket hours on Wednesday, following the announcement.

Prior performance

General Mills Q3 2024 earnings infographic

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

Infographic: Amazon (AMZN) Q4 2024 earnings beat estimates; sales rise 10%

E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported higher sales and profit for the fourth quarter of 2024. Earnings also beat analysts' estimates. Net sales increased to $187.8 billion

Philip Morris (PM) delivers strong performance in 4Q24 helped by smoke-free strength

Shares of Philip Morris International Inc. (NYSE: PM) jumped 10% on Thursday after the company delivered better-than-expected earnings results for the fourth quarter of 2024 and provided an encouraging outlook

Highlights of Bristol-Myers Squibb’s Q4 2024 earnings report

Biotechnology company Bristol Myers Squibb (NYSE: BMY) reported lower profit for the fourth quarter of 2024, despite an increase in revenue. Net income attributable to shareholders was $72 million or

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top