General Mills Reports Fourth-Quarter and Full-Year Results for Fiscal 2021 and Provides Fiscal 2022 Outlook
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RBC Capital Reiterates Sector Perform Rating on General Mills (GIS)
July 1, 2021 6:26 AM EDTRBC Capital analyst Nik Modi reiterated a Sector Perform rating and $65.00 price target on General Mills (NYSE: GIS) following the company's 4Q earnings report. General Mills posted F4Q results beating the top and bottom line, with adj. EPS of $0.91 ahead of the street... More
General Mills (GIS) Tops Q4 EPS by 7c
June 30, 2021 7:03 AM EDTGeneral Mills (NYSE: GIS) reported Q4 EPS of $0.91, $0.07 better than the analyst estimate of $0.84. Revenue for the quarter came in at $4.5 billion versus the consensus estimate of $4.36 billion.
Fiscal 2022 Outlook:
General Mills expects the largest factors impacting its performance in fiscal 2022 will be relative balance of at-home versus away-from-home consumer food demand and the inflationary cost environment, both of which remain uncertain. The company expects at-home food demand will decline year over year in fiscal 2022 across most of its core markets,... More
