Recap: General Mills Q4 Earnings

Shares of General Mills GIS rose 1.8% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 32.53% year over year to $1.10, which beat the estimate of $1.06.

Revenue of $5,023,000,000 rose by 20.69% year over year, which beat the estimate of $4,960,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

General Mills hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jul 01, 2020

Time: 09:00 AM

ET Webcast URL: https://event.on24.com/wcc/r/2395042/C0C9E248B89ACA39B55E622298E5AB2D

Recent Stock Performance

52-week high: $64.31

52-week low: $46.59

Price action over last quarter: Up 16.90%

Company Overview

General Mills is a leading global packaged food company that produces snacks, cereal, convenient meals, yogurt, dough, baking mixes and ingredients, pet food, and superpremium ice cream. Its largest brands are Nature Valley, Cheerios, Old El Paso, Yoplait, Pillsbury, Betty Crocker, Blue Buffalo, and Haagen-Dazs. In 2019, 74% of its revenue was derived from the United States, although the company also operates in Canada, Europe, Australia, Asia, and Latin America. While most of General Mills' products are sold through retail stores to consumers, the company also sells products into the food-service channel and commercial baking industry.