NYSE:GIS - New York Stock Exchange, Inc. - US3703341046 - Common Stock
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Lamb Weston (NYSE:LW) and the best and worst performers in the shelf-stable food industry.
The U.S. Food and Drug Administration announced a ban on Red No. 3, an artificial food coloring linked to cancer in animal studies, effective Jan. 15, 2027.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q4, starting with General Mills (NYSE:GIS).
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how shelf-stable food stocks fared in Q4, starting with General Mills (NYSE:GIS).
As the Q4 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including General Mills (NYSE:GIS) and its peers.
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GIS earnings call for the period ending September 30, 2024.
General Mills, Inc. (NYSE:GIS) shares are trading lower in the premarket session on Wednesday. The company reported second-quarter adjusted earnings per share of $1.40, beating the street view of $1.22. Quarterly sales of $5.24 billion beat the analyst consensus estimate of $5.14 billion. Quarterly sales were up 2%, driven by higher pound volume, while organic net sales increased 1%. Gross margin was up 250 basis points to 36.9%, driven primarily by Holistic Margin Management cost savings and fa