Reports Q3 revenue $4.84B, consensus $4.95B. “Our third-quarter organic net sales finished below our expectations, driven largely by greater-than-expected retailer inventory headwinds and a slowdown in snacking categories,” said General Mills (GIS) chairman and CEO Jeff Harmening. “At the same time, we drove continued positive market share trends in Pet, Foodservice, and International as well as improvement in Pillsbury refrigerated dough and Totino’s hot snacks, two businesses where we made incremental investments last quarter and saw positive returns.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- Notable companies reporting before tomorrow’s open
- Inflation May Help RFK Jr. Defeat Pepsi, Kellanova & General Mills
- General Mills price target lowered to $65 from $68 at Barclays
- Is Forever 21 Closing All of Its Stores?
- Options Volatility and Implied Earnings Moves This Week, March 17 – March 21, 2025
Questions or Comments about the article? Write to editor@tipranks.com