General Mills (GIS) Reports Q2 Earnings: What Key Metrics Have to Say

Zacks
18 Dec 2024

General Mills (GIS) reported $5.24 billion in revenue for the quarter ended November 2024, representing a year-over-year increase of 2%. EPS of $1.40 for the same period compares to $1.25 a year ago.

The reported revenue represents a surprise of +1.61% over the Zacks Consensus Estimate of $5.16 billion. With the consensus EPS estimate being $1.22, the EPS surprise was +14.75%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how General Mills performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

  • Net Sales- North America Foodservice: $630 million versus $599.50 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.3% change.
  • Net Sales- International: $690.60 million versus $713.92 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +1.1% change.
  • Net Sales- North America Pet: $595.80 million versus $566.81 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.7% change.
  • Net Sales- North America Retail: $3.32 billion compared to the $3.29 billion average estimate based on four analysts. The reported number represents a change of +0.5% year over year.
  • Operating Profit- North America Retail: $862.30 million compared to the $833.27 million average estimate based on four analysts.
  • Operating Profit- International: $23.80 million versus the four-analyst average estimate of $30.31 million.
  • Operating Profit- North America Pet: $139.30 million versus the four-analyst average estimate of $110.71 million.
  • Operating Profit- North America Foodservice: $118.50 million versus $97.52 million estimated by four analysts on average.
View all Key Company Metrics for General Mills here>>>

Shares of General Mills have returned +5% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

General Mills, Inc. (GIS) : Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10