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General Mills’ sales forecast has gone as soggy as a bowl of milk-flooded Cheerios, and the packaged goods giant is hoping a burst of flavor in some mainstay brands will boost demand for its ...
Outlook: General Mills sees FY25 organic sales growth of 0 to +1%. The company sees FY25 adjusted EPS of (1)% to +1% in constant currency from the base of $4.52 earned in FY24. The consensus ...
General Mills (GIS) Q4 2024 Earnings Call Transcript. Motley Fool Transcribing, The Motley Fool. June 26, 2024 at 1:30 PM. Logo of jester cap with thought bubble. Image source: The Motley Fool ...
General Mills itself was created on June 20, 1928, when Washburn-Crosby President James Ford Bell merged Washburn-Crosby with three other mills. In the same year, General Mills acquired the Wichita Mill and Elevator Company of the industrialist Frank Kell of Wichita Falls, Texas. With the sale, Kell acquired cash plus stock in the corporation.
General Mills saw margin gains during the quarter, with the adjusted gross margin increasing 20 basis points to 34.9% and the adjusted operating margin expanding 60 basis points to 18.7%.
Although General Mills (GIS) meets Q3 earnings expectation, it cuts its yearly earnings forecast due to a sharp increase in freight and commodity costs, driving its shares down 8% in pre-market ...
Jeffrey L. Harmening is president and chief executive officer (CEO) of General Mills, having taken over from Ken Powell in June 2017. He was chief operating officer (COO) of General Mills from July 2016 to May 2017. He earned a bachelor's degree from DePauw University (1989), and an MBA from Harvard Business School (1994).
Rating Action: Moody's affirms General Mills Baa2/P-2 ratings; outlook stableGlobal Credit Research - 30 Aug 2022New York, August 30, 2022 -- Moody's Investors Service ("Moody's") today affirmed ...