General Mills Reports Fiscal 2023 First-Quarter Results and Raises Full-Year Outlook
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General Mills (GIS) PT Raised to $85 at BMO Capital; 'Rock Solid'
September 22, 2022 6:28 AM EDTBMO Capital analyst Kenneth Zaslow raised the price target on General Mills (NYSE: GIS) to $85.00 (from $80.00) while maintaining a Market Perform rating following results and guidance.
The analyst commented, "First, GIS 1Q/2023 EPS of $1.11 far exceeded consensus of $1.00 as more muted elasticity drove... More
General Mills (GIS) Tops Q1 EPS by 12c, Offers Outlook
September 21, 2022 7:01 AM EDTGeneral Mills (NYSE: GIS) reported Q1 EPS of $1.11, $0.12 better than the analyst estimate of $0.99. Revenue for the quarter came in at $4.7 billion versus the consensus estimate of $4.72 billion.
Fiscal 2023 Outlook:
General Mills continues to expect the largest factors impacting its performance in fiscal 2023 will be the economic health of consumers, the inflationary cost environment, and the frequency and severity of disruptions in the supply chain. The company expects volume elasticities will increase over the remaining quarters of fiscal 2023 but remain below historical levels.... More