Stock Track | General Mills Soars 5.11% in Pre-Market on Earnings Beat and $3 Billion Cost Savings Plan

Stock Track

Jul 01

General Mills' stock surged 5.11% in pre-market trading following the release of its fourth-quarter financial results, which exceeded analyst expectations.

The Cheerios maker reported adjusted earnings per share of $0.95, beating the consensus estimate of $0.80 by 18.75%. Quarterly sales of $4.610 billion also topped estimates of $4.595 billion. The company attributed strong demand to an increase in consumers choosing to eat at home over dining out, which boosted its pantry staples and breakfast cereals.

Additionally, General Mills announced a significant cost savings plan, targeting $3 billion in cumulative savings by fiscal 2030, with at least $750 million expected in fiscal 2027. The company provided guidance for fiscal 2027, expecting adjusted diluted EPS in the range of $3.00 to $3.20, compared to the FactSet estimate of $3.13.

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Quarterly sales of $4.610 billion also topped estimates of $4.595 billion. The company attributed strong demand to an increase in consumers choosing to eat at home over dining out, which boosted its pantry staples and breakfast cereals.</p><p>Additionally, General Mills announced a significant cost savings plan, targeting $3 billion in cumulative savings by fiscal 2030, with at least $750 million expected in fiscal 2027. The company provided guidance for fiscal 2027, expecting adjusted diluted EPS in the range of $3.00 to $3.20, compared to the FactSet estimate of $3.13.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GIS","symbol_name":"通用磨坊","start_time":0,"source_url":"","article_id":"1107537681","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1107537681","pubTimestamp":1782904383,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"General Mills' stock surged 5.11% in pre-market trading following the release of its fourth-quarter financial results, which exceeded analyst expectations.The Cheerios maker reported adjusted...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"GIS":"通用磨坊"},"translate_title":"个股追踪|通用磨坊盘前大涨5.11%盈利超预期及30亿美元成本节约计划","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIS":1},"content_text":"General Mills' stock surged 5.11% in pre-market trading following the release of its fourth-quarter financial results, which exceeded analyst expectations.The Cheerios maker reported adjusted earnings per share of $0.95, beating the consensus estimate of $0.80 by 18.75%. 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