Reports Q1 revenue $4.85B, consensus $4.8B. “Our top priority in fiscal 2025 is to accelerate our organic net sales growth, and we made expected progress on that goal in the first quarter along multiple fronts, with more work still ahead,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “We strengthened our core by delivering more remarkable experiences to consumers, which translated into improved volume, net sales, and market share trends versus the previous quarter. And we took another significant step to reshape our portfolio for stronger growth and profitability by announcing the proposed sale of our North American Yogurt business to Lactalis and Sodiaal.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on GIS:
- General Mills Sells North American Yogurt Business
- Notable companies reporting before tomorrow’s open
- General Mills price target raised to $78 from $75 at BofA
- General Mills price target raised to $76 from $68 at Citi
- Options Volatility and Implied Earnings Moves This Week, September 16 – September 19, 2024