General Mills (GIS) Reports Q4: Everything You Need To Know Ahead Of Earnings

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Packaged foods company General Mills (NYSE: GIS) will be reporting earnings this Wednesday before market hours. Here’s what investors should know.

General Mills met analysts’ revenue expectations last quarter, reporting revenues of $4.52 billion, down 6.8% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a solid beat of analysts’ EBITDA estimates.

Is General Mills a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, analysts are expecting General Mills’s revenue to decline 8.9% year on year to $4.77 billion, a reversal from the 2% increase it recorded in the same quarter last year.

General Mills Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. General Mills has missed Wall Street’s revenue estimates four times over the last two years.

With General Mills being the first among its peers to report earnings this season, we don’t have anywhere else to look to get a hint at how this quarter will unravel for consumer staples stocks. However, there has been positive investor sentiment in the segment, with share prices up 5.9% on average over the last month. General Mills’s stock price was unchanged during the same time.

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