General Mills forecasts dour profit as price hikes impact demand
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General Mills (GIS) revenue impacted by FX headwinds, misses consensus estimate
June 28, 2023 7:52 AM EDTGeneral Mills (NYSE: GIS) shares are down more than 4% premarket after the company missed fourth-quarter consensus revenue estimates.
The food company did, however, top profit estimates, posting Q4 EPS of $1.12, $0.05 better than the analyst estimate of $1.07. Revenue for the quarter rose 3% YoY, coming in at $5... More
