General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook

Investopedia

2024-12-18

Key Takeaways

General Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.
Second-quarter sales and net income rose year-over-year and beat analysts' expectations.
The snack and cereal maker expects adjusted profit to decline from last year because of increased investments.

General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates.

The snack and cereal maker recorded $5.24 billion in revenue, up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million.

General Mills lowered its fiscal 2025 adjusted earnings per share (EPS) forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.

The company now expects full-year organic net sales growth at the lower end of its previously reported range of flat to up 1% "due to increased promotional investment."

General Mills shares fell about 4% soon after the opening bell Wednesday to move into negative territory for 2024.

Do you have a news tip for Investopedia reporters? Please email us at

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General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million.<span></span>\n</p>\n<div></div>\n<p> General Mills lowered its fiscal 2025 adjusted earnings per share (EPS) forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.\n</p>\n<div></div>\n<p> The company now expects full-year organic net sales growth at the lower end of its previously reported range of flat to up 1% \"due to increased promotional investment.\"\n</p>\n<div></div>\n<p> General Mills shares fell about 4% soon after the opening bell Wednesday to move into negative territory for 2024.\n</p>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div></body></html>","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>General Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGeneral Mills Stock Slips as Cereal Maker Lowers Full-Year Profit Outlook\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Investopedia</strong><span class=\"h-time small\">2024-12-18 22:49</span>\n</p>\n</h4>\n</header>\n<article>\n<html><body><div><div><div><h3>Key Takeaways</h3>\n<div><ul><li>General Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.</li><li>Second-quarter sales and net income rose year-over-year and beat analysts' expectations.</li><li>The snack and cereal maker expects adjusted profit to decline from last year because of increased investments.</li></ul></div></div></div>\n<p> General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates.\n</p>\n<div></div>\n<p> The snack and cereal maker recorded $5.24 billion in revenue, up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million.<span></span>\n</p>\n<div></div>\n<p> General Mills lowered its fiscal 2025 adjusted earnings per share (EPS) forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.\n</p>\n<div></div>\n<p> The company now expects full-year organic net sales growth at the lower end of its previously reported range of flat to up 1% \"due to increased promotional investment.\"\n</p>\n<div></div>\n<p> General Mills shares fell about 4% soon after the opening bell Wednesday to move into negative territory for 2024.\n</p>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.investopedia.com/general-mills-stock-slips-as-cereal-maker-lowers-full-year-profit-outlook-8763286\">Investopedia</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4588","symbol_name":"碎股","start_time":0,"source_url":"https://www.investopedia.com/general-mills-stock-slips-as-cereal-maker-lowers-full-year-profit-outlook-8763286","article_id":"2492507138","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/SJqSNCLzDkJRw3PQ031NF-a1vPM=/3332x2992/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-2174669255-be03a44e630f428aa2b502b69d69d04b.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492507138","pubTimestamp":1734533391,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"General Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.Second-quarter sales and net income rose year-over-year and beat analysts' expectations.The snack and cereal maker expects adjusted profit to decline from last year because of increased investments.General Mills  shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates.The snack and cereal maker recorded $5.24 billion in revenue, up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million.General Mills lowered its fiscal 2025 adjusted earnings per share  forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.The company now expects full-year organic ne","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4588":"碎股","LU1430594728.SGD":"Eastspring Investments - Global Low Volatility Equity AS SGD","BK4212":"包装食品与肉类","GIS":"通用磨坊","BK4532":"文艺复兴科技持仓","BK4566":"资本集团","LU1585245621.USD":"EASTSPRING INV GLOBAL LOW VOLATILITY EQUITY FUND \"A\" (USD) ACC B","LU1989763690.USD":"东方汇理世代食品基金A2 Acc","LU1989763427.SGD":"CPR Invest - Food For Generations A2 Acc SGD-H","BK4585":"ETF&股票定投概念"},"translate_title":"谷物制造商通用磨坊下调全年利润预期，股价下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"GIS":1},"content_text":"Key Takeaways\nGeneral Mills shares fell Wednesday after the company lowered its fiscal 2025 adjusted profit outlook.Second-quarter sales and net income rose year-over-year and beat analysts' expectations.The snack and cereal maker expects adjusted profit to decline from last year because of increased investments.\n General Mills (GIS) shares moved lower Wednesday morning after the company lowered its fiscal 2025 adjusted profit outlook, offsetting second-quarter results that beat analysts' estimates.\n\n\n The snack and cereal maker recorded $5.24 billion in revenue, up 2% year-over-year and above the $5.14 billion that analysts had expected, per Visible Alpha. General Mills' net income was $795.7 million, up 34% and well above the projected $683.3 million.\n\n\n General Mills lowered its fiscal 2025 adjusted earnings per share (EPS) forecast to between down 3% to down 1% in constant-currency terms from fiscal 2024 levels. Previously, it projected adjusted EPS from down 1% to up 1%.\n\n\n The company now expects full-year organic net sales growth at the lower end of its previously reported range of flat to up 1% \"due to increased promotional investment.\"\n\n\n General Mills shares fell about 4% soon after the opening bell Wednesday to move into negative territory for 2024.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}