July 23, 2024


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General Mills Stock Higher After Q4 Earnings Beat, Dividend Boost


Up-to-date at 12:31 pm EST

General Mills  (GIS) – Get Normal Mills Inc. Report posted more powerful-than-expected fourth quarter earnings Wednesday, and boosted its quarterly dividend, even with “important inflation and source chain disruptions” that pressured earnings margins. 

General Mills stated altered earnings for the three months ending on May possibly 29, the group’s fiscal fourth quarter, rose 23.1% from very last 12 months to $1.12 for every share, nicely forward of the Street consensus forecast of 91 cents. Team revenues, General Mills said, had been up 8% to $4.9 billion, narrowly topping analysts’ estimates of a $4.805 billion tally.


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