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General Mills (GIS) Q4 Earnings & Revenues Top Estimates
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General Mills, Inc. (GIS - Free Report) is a leading manufacturer and marketer of branded consumer foods sold through retail stores. The company’s core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories.
However, much like the rest of the food industry, GIS has been under pressure lately as its U.S. sales and profits have been hurt by changing consumer food preferences. To cater to the evolving consumer tastes, General Mills is investing in consumer-focused innovation and marketing and accelerating its natural and organic product portfolio to improve sales.
Investors should note that the consensus estimate for the current quarter for GIS has moved downward over the last 30 days. However, GIS has delivered positive earnings surprises in three of the past four quarters making for an average four quarter positive earnings surprise of 2.66%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : GIS surpassed expectations. Our consensus earnings estimate called for EPS of 71 cents per share, and the company reported adjusted EPS of 73 cents.
Revenues : GIS reported net sales of $3.81 billion, beating our consensus estimate of $3.75 billion.
Key Stats to Note: Organically, sales were down 3%.
Share Price Impact: Shares declined 0.04% in pre-market trading at the time of writing.
Check back for our full write up on this GIS earnings report later!
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General Mills (GIS) Q4 Earnings & Revenues Top Estimates
General Mills, Inc. (GIS - Free Report) is a leading manufacturer and marketer of branded consumer foods sold through retail stores. The company’s core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories.
However, much like the rest of the food industry, GIS has been under pressure lately as its U.S. sales and profits have been hurt by changing consumer food preferences. To cater to the evolving consumer tastes, General Mills is investing in consumer-focused innovation and marketing and accelerating its natural and organic product portfolio to improve sales.
Investors should note that the consensus estimate for the current quarter for GIS has moved downward over the last 30 days. However, GIS has delivered positive earnings surprises in three of the past four quarters making for an average four quarter positive earnings surprise of 2.66%.
Currently, GIS has a Zacks Rank #4 (Sell), but that could definitely change following General Mills’ earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings : GIS surpassed expectations. Our consensus earnings estimate called for EPS of 71 cents per share, and the company reported adjusted EPS of 73 cents.
General Mills, Inc. Price and EPS Surprise
General Mills, Inc. Price and EPS Surprise | General Mills, Inc. Quote
Revenues : GIS reported net sales of $3.81 billion, beating our consensus estimate of $3.75 billion.
Key Stats to Note: Organically, sales were down 3%.
Share Price Impact: Shares declined 0.04% in pre-market trading at the time of writing.
Check back for our full write up on this GIS earnings report later!
Today's Stocks from Zacks' Hottest Strategies
It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.
And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation. See Them Free>>