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General Mills Rides Price Hikes to Beat Quarterly EstimatesGeneral Mills ( NYSE:GIS ), the iconic maker of Cheerios and a wide array of pantry staples, has once again exceeded market expectations in its third-quarter earnings report, buoyed by strategic price adjustments across its product portfolio. Despite challenges stemming from inflation and shifting consumer preferences, the Minnesota-based company's proactive approach to pricing has proven effective in maintaining profitability. The company's decision to raise prices on breakfast cereals, snack bars, and pet food products has not only cushioned the impact of escalating labor and input costs but also contributed to a notable increase in gross margin. With a 7% surge in early trading following the earnings release, investors have expressed confidence in General Mills' ability to navigate the current economic landscape. CEO Jeff Harmening acknowledges the evolving consumer behavior characterized by a preference for value-oriented purchases. However, Harmening remains optimistic, noting signs of inflation moderation and a reduction in supply chain disruptions, providing a glimmer of hope for sustained growth. While General Mills' ( NYSE:GIS ) gross margin saw a significant boost to 33.5% year-on-year, quarterly volumes experienced a decline similar to industry peers like Kraft Heinz. Despite challenges in the pet food segment, attributed to shifting consumer preferences and retailer inventory adjustments, the company reported a modest improvement in retail sales for its Blue Buffalo brand. Analysts, including Barclays' Andrew Lazar, note the positive trajectory in General Mills' pet business, signaling investor confidence in its long-term prospects. The company's quarterly net sales, while experiencing a slight dip of about 1% to $5.1 billion, outpaced analysts' expectations, showcasing the resilience of its pricing strategy. With adjusted profits surpassing estimates at $1.17 per share, General Mills' performance underscores its ability to adapt to dynamic market conditions and deliver shareholder value. As consumers continue to navigate economic uncertainties, General Mills remains steadfast in its commitment to providing quality products while effectively managing costs.
NYSE:GISLong
by DEXWireNews
GIS General Mills Options Ahead of EarningsIf you haven`t bought GIS here: or ahead of earnings here: Nor sold it here: Then analyzing the options chain and the chart patterns of GIS General Mills prior to the earnings report this week, I would consider purchasing the 65usd strike price Puts with an expiration date of 2023-10-20, for a premium of approximately $1.52. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:GISShort
by TopgOptions
3
Analyst Report: General MillsGeneral Mills is a multinational food company headquartered in Minneapolis, Minnesota. It is a leading player in the global consumer packaged goods industry, primarily focused on the production and marketing of branded food products. The company operates through various segments, including North America Retail, Convenience Stores & Foodservice, Europe & Australia, Asia & Latin America, and Pet. General Mills is known for its diverse portfolio of well-established and popular consumer brands. Some of its prominent brands include Cheerios, Wheaties, Nature Valley, Pillsbury, Betty Crocker, Yoplait, Häagen-Dazs, Old El Paso, and Progresso. These brands span multiple food categories, including ready-to-eat cereals, snacks, baking products, refrigerated dough, yogurt, frozen meals, and more. In their most recent earnings report, General Mills demonstrated strong performance despite ongoing supply chain disruptions and market volatility. The company reported a 13% increase in net sales to $5.1 billion, driven by a 16% increase in organic net sales. However, operating profit declined by 10% to $730 million, primarily due to higher selling, general, and administrative expenses. Adjusted operating profit, on the other hand, increased by 20% in constant currency terms. Key Highlights Net Sales: General Mills achieved a 13% increase in net sales to $5.1 billion, including a 16% increase in organic net sales. This growth was driven by positive organic net price realization and mix. Operating Profit: Operating profit declined by 10% to $730 million, reflecting higher selling, general, and administrative expenses, as well as a lower net gain on divestitures. However, constant-currency adjusted operating profit increased by 20% due to higher adjusted gross profit dollars. Diluted Earnings per Share (EPS): Diluted EPS for the quarter stood at $0.92, down 15% from the prior year. However, adjusted diluted EPS increased by 17% in constant currency terms to $0.97, driven by higher adjusted operating profit and lower net shares outstanding. Full-Year Outlook: General Mills has raised its full-year fiscal 2023 outlook for key financial measures, indicating confidence in its future performance. General Mills' Accelerate strategy, aimed at driving sustainable and profitable growth, continues to be executed. The strategy focuses on four pillars: building brands, innovation, leveraging scale, and social responsibility. The company plans to prioritize core markets, global platforms, and local gem brands that have strong potential for profitable growth. Strategic acquisitions and divestitures will be utilized to reshape the portfolio and enhance the company's growth profile. In summary, General Mills delivered strong results in the third quarter, with significant growth in net sales. Although operating profit declined, adjusted operating profit increased notably. The company's positive performance and visibility for the fourth quarter have led to an upward revision of its full-year fiscal 2023 outlook. General Mills' focus on brand building, innovation, and growth-enhancing capabilities positions it well for future success.
NYSE:GISLong
by BenSparham
GIS - (General Mills) Short OpportunityBased on my strategy, there seems to be a Bearish Divergence on GIS. Meaning that the price action is making higher highs, but the RSI is making lower highs. This could be a good time to buy PUTS on GIS with a very tight stop loss. The idea will be invalidated if the RSI creeps about the dotted line on the chart. I have marked the support levels on the chart based on which you can plan your trades and exits. Please do your own research. I'm not a financial advisor. Trade safely!
NYSE:GISShort
by MoneyChartz
After Dividends GIS Raised Prices...Will They CRUSH Earnings?Is GIS part of the global Supply Crunch? After several months our GIS retail play is holding up nicely but will they crush earnings? It seems they're poised to knock this out the park on 12 21, but anything could happen. Please DYOR before jumping in to GIS, read their prospectus & recent SEC filings, so there are no surprises. Full disclosure considering cutting bags here. We're done at the grocery store this quarter, & may look to rotate back into sectors that are down.
NYSE:GISLong
by CryptoQue
SIdeways/Down next 6-8 months; Then rideGIS Im loving this set up in General Mills, look for it to move mostly sideways/down the remainder of the year and start of 2020. I will start accumulating around the 48 area if this hold true, because it appears to most likely be Wave 2 (aka Right shoulder of Inverted H&S) and at the very least ride back up to the decision point. In my opinion, this is at least a $70 stock by 2021. Takes patience, but for long term portfolios this is fast approaching perhaps the last great entry point for some years to come. Keep from chasing. Happy hunting anfd GLTA!!
NYSE:GIS
by UnknownUnicorn1314136