The General Mills earnings report also includes a net income of $638.9 million. Investors had some big questions heading into General Mills' (NYSE: GIS) fiscal 2021 second-quarter earnings report. View which stocks are hot on social media with MarketBeat's trending stocks report. To receive notifications via email, enter your email address and select at least one subscription below. The reported $1.06 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.09. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. Earnings per share can be defined as a company's net earnings or losses attributable to common shareholders per diluted share base, which includes all convertible securities and debt, options and warrants. General Mills last announced its quarterly earnings results on December 16th, 2020. Bottom-line profitability for fiscal 2021 is "now expected to be in line or better" than last year, executives said in an investor presentation. View our full suite of financial calendars and market data tables, all for free. Executives provided context for the 7% organic sales growth figure they reported, which marked just a modest slowdown from the 10% increase in the previous quarter. Analysts expect General Mills to report earnings per share (EPS) of 76 cents to 79 cents when the company releases results before the opening bell on Wednesday, June 26. Moreover, as the vaccines roll out, interest rates and growth expectations will likely rise which will be a headwind for consumer staples. The snack and cereal giant had recently posted impressive growth thanks to … General Mills released robust second-quarter fiscal 2021 results, with the top and the bottom lineincreasing year over year. General Mills (GIS) said it … The light blue area represents the range of Wall Street analysts' earnings estimates for each quarter. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 General Mills has not formally confirmed its next earnings publication date, but the company's estimated earnings date is Wednesday, March 17th, 2021 based off prior year's report dates. Learn more. Fundamental company data provided by Morningstar and Zacks Investment Research. The good news is that the drop will still reflect higher sales than General Mills was notching before COVID-19. GIS Operating Margin (Quarterly) data by YCharts. Identify stocks that meet your criteria using seven unique stock screeners. General Mills Earnings Second Quarter Fiscal 2021 December 17, 2020 •Excellent Execution Drove Strong Performance in Q2 •Delivering on Fiscal 2021 Priorities •Expect Continued Strong Top and Bottom-line Growth in Q3 •Full-year Adjusted Operating Profit Margin* Now Expected to Be Returns as of 01/27/2021. Do Not Sell My Information. Demitri covers consumer goods and media companies for Fool.com, as well as broader moves in the economy. Learn about financial terms, types of investments, trading strategies and more. That’s 23% better than the $520.6 million reported during the same time last year. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. We serve the world by making food people love, providing quality brands in more than 100 countries on six continents. Even modest successes in those areas would lay the groundwork for significantly faster growth ahead than the flat results the company was notching just before the pandemic struck. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. After submitting your information, you will receive an email. Shares are down 6.7% since reporting last quarter. General Mills reports better-than-expected fiscal fourth-quarter sales and earnings amid a surge in at-home food demand driven by the Covid-19 pandemic. Get short term trading ideas from the MarketBeat Idea Engine. Get daily stock ideas top-performing Wall Street analysts. To see all exchange delays and terms of use please see disclaimer. Wall Street analysts see General Mills reporting earnings of $0.97 per share on sales of $4.65 billion. If there's a growth slowdown coming for General Mills (NYSE:GIS), it won't strike for at least another quarter. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services. What To Expect From Microsoft (NASDAQ: MSFT) Post Earnings, It’s Time to Buy Ford (NYSE: F) Stock as a EV Play, 3 Home Improvement Stocks that Can Upgrade Your Portfolio, 3 Growing Small-Cap Banks For Dividend-Growth Investors, Buy Johnson & Johnson (NYSE:JNJ) Before Good News Gets Even Better, 7 Electric Vehicle (EV) Stocks That Have Real Juice, 7 Post-Inauguration Stocks to Buy For Under $20, 7 Cryptocurrencies That Are Leading The Market Higher, 7 Stocks to Support Your New Year’s Resolutions, 7 Things You Need To Know About Cryptocurrency, 7 Stocks to Buy As Americans Receive Stimulus Checks, 7 Outdoor Recreation Stocks For Growth And Dividends, 8 EV Stocks To Electrify Your Growth Portfolio, Receive Analysts' Upgrades and Downgrades Daily. However, analyst estimates for the soon-to-be-reported earnings report don’t indicate significant growth. Revenue is estimated to be $4.08 billion. The firm earned $4.72 billion during the quarter, compared to analyst estimates of $4.64 billion. Get the latest General Mills, Inc. GIS detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. As for the company's upcoming earnings report next week, GIS is expected to report an EPS of $0.97. But year-over-year comparisons get much harder from there. The biggest factors supporting that bounce are innovative product launches, rising prices, and reduced manufacturing expenses. Export data to Excel for your own analysis. © American Consumer News, LLC dba MarketBeat® 2010-2021. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Let's take a look at some highlights. General Mills annual and quarterly earnings per share history from 2006 to 2020. General Mills (NYSE: GIS) and its predecessor company have paid dividends without interruption for … General Mills released robust second-quarter fiscal 2021 results, with the top and the bottom lineincreasing year over year. GIS Operating Revenue (Quarterly YoY Growth) data by YCharts. Management issued a bullish short-term sales outlook, saying they expect fiscal third-quarter growth to roughly match the 7% rate investors saw in the second. Sales were $4.42 billion. General Mills , set to report its earnings tomorrow, is an excellent value proposition right now. Learn everything you need to know about successful options trading with this three-part video course. Between now and then, General Mills will be reinvesting in the business, cutting costs, and delivering innovative snack and meal solutions to its biggest platform of consumers to date. Management is expecting that favorable situation to last while eating-out demand remains depressed by social distancing efforts. General Mills has laid out a framework to drive growth in fiscal year 2020 and this plan includes driving innovation and improving marketing and in-store execution. Is 3M (NYSE: MMM) Earnings Beat the Start of a New Rally? General Mills Inc. (NYSE:GIS) went down by -0.66% from its latest closing price compared to the recent 1-year high of $66.14. The biggest factors supporting that bounce are … Horton, Inc. (NYSE:DHI) Is A Buy On Post-Earnings Weakness. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. General Mills (GIS) reports earnings on 3/18/2021. General Mills has generated $3.61 earnings per share over the last year and currently has a price-to-earnings ratio of 15.6. GIS: Get the latest General Mills stock price and detailed information including GIS news, historical charts and realtime prices. Stock Advisor launched in February of 2002. I’m expecting a strong earnings report that will draw investors’ eyes back onto General Mills and make them realize that even though shares have stagnated, business certainly hasn’t. General Mills … Image source: General Mills' investor presentation. View General Mills, Inc. GIS investment & stock information. But General Mills warned about a likely drop occurring in the next quarter as the company goes up against a prior-year period that saw spiking sales at the start of the pandemic. The pet food business chipped in huge growth, too, as the Blue Buffalo brand continued rolling out to more retailing locations. Cumulative Growth of a $10,000 Investment in Stock Advisor, General Mills Earnings in 3 Charts @themotleyfool #stocks $GIS, GIS Operating Revenue (Quarterly YoY Growth), General Mills Brightens Its Earnings Outlook, General Mills Inc (GIS) Q2 2021 Earnings Call Transcript, Love Dividends? That includes its adjusted earnings per share growth of … The U.S. segment was a standout performer. Investors had some big questions heading into General Mills' () fiscal 2021 second-quarter earnings report. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. CEO Jeff Harmening and his team see further gains ahead. That was the key takeaway from the snack and cereal giant's recent earnings report that paired strong revenue gains with increased profitability. These issues combined to push adjusted operating margin up to 18.4% of sales from 18.3% a year ago. Net earnings attributable to General Mills totaled $626 million, up 10 percent from a year ago. All rights reserved. As a result, investors should brace for modest revenue declines following the current quarter. Still, management is bullish about the outlook, both for earnings and for broader global growth trends. In a conference call with Wall Street analysts last week, the owner of hit brands like Cheerios and Pillsbury predicted that elevated demand related to COVID-19 will support higher sales for the business through at least the end of the next quarter. Summary. MINNEAPOLIS, Minnesota - The General Mills Board of Directors today declared a quarterly dividend at the prevailing rate of $0.49 per share, payable May 1, 2019, to shareholders of record as of April 10, 2019. See what's happening in the market right now with MarketBeat's real-time news feed. Adjusted diluted EPS of $1.10 were up 33 percent from the prior year in constant currency, primarily reflecting higher adjusted operating profit, higher after-tax earnings from joint ventures, and a lower adjusted effective tax rate, partially offset by higher average diluted shares … General Mills' profit margins are rising, rather than falling as management had warned in late September. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. General Mills will report earnings on September 18, and I expect to see little in terms of top-line growth or margin expansion. Learn more. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. The dark blue line represents the company's actual earnings per share. You can opt out at any time. Market data powered by FactSet and Web Financial Group. General Mills (NYSE:GIS) Earnings Information General Mills last released its quarterly … Please log in to your account or sign up in order to add this asset to your watchlist. The General Mills earnings report has the company reaffirming its outlook for fiscal 2020. Sales hit more than $4.3 billion, up from $4 billion … Here Are 3 Stocks You Might Want to Buy, These 3 Value Stocks are Absurdly Cheap Right Now, 3 Top Stocks to Recession-Proof Your Portfolio, Copyright, Trademark and Patent Information. The Earnings Whisper Score gives the statistical odds for the stock ahead of earnings. Receive a free world-class investing education from MarketBeat. Its revenue was up 6.8% compared to the same quarter last year. General Mills gained market share in almost all of its category niches on robust sales in its snack and meal products, yogurts and cereals, and baking ingredients. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. General Mills EPS beats by $0.09, beats on revenue SA News • Dec. 17, 2020 • 6 Comments FQ1 2021 (Aug 2020) EPS of $1.00 beat by $0.13 Revenue of $4.36B (9.03% YoY) beat by $151.08M FQ4 2020 … General Mills EPS in the same period a year ago totaled $0.95. General Mills is slated to report first quarter 2020 earnings results on Wednesday, September 18, before the opening bell.The Street expects earnings to grow 8.5% to $0.77 per share. Moreover, earnings and sales … General Mills, Inc.(NYSE:GIS): General Mills (GIS) thrived due to the pandemic, and its revenue and earnings increased tremendously over past quarters. General Mills' on-the-go segment shrank, falling 14%, but the company continues to see a net benefit from reduced consumer eating in places like restaurants, cafeterias, schools, and convenience stores. Looking for new stock ideas? YoY = year-over-year. The General Mills Board of Directors has declared a quarterly dividend at the prevailing rate of $0.51 per share, payable May 3, 2021, to shareholders of record as of April 9, 2021. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. General Mills: A U.S.-based food company. General Mills' profit margins are rising, rather than falling as management had warned in late September. Diluted EPS of $1.02 increased 9 percent. Start Your Risk-Free Trial Subscription Here, Marvell Technology (NASDAQ:MRVL) Stock a Buy: An Underrated Semi Company, Desktop Metal (NYSE: DM) Stock is a Next-Gen 3D Printing Buy, Fisker Inc. (NYSE: FSR) Stock is an Overlooked U.S. EV Play, D.R. And General Mills, the maker of brands like Cheerios, reported its earnings beat expectations. Food giant General Mills - Get Report posted stronger-than-expected earnings Thursday as it continues to benefit from the coronavirus pandemic that … The chart below shows up to four years of a company's earnings history. GIS has a forward dividend of $2.04 and a dividend yield of 3.41%. It has been about a month since the last earnings report for General Mills (GIS Quick Quote GIS - Free Report) .Shares have lost about 5.8% in that time frame, underperforming the S&P 500. Sales gains were almost evenly balanced between rising volumes and higher prices, but some parts of the portfolio performed much better than others. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. For the last reported quarter, it was expected that General Mills would post earnings of $0.87 per share when it actually produced earnings of $1, delivering a surprise of +14.94%. General Mills' fiscal fourth quarter of 2020 captured the beginning of the COVID-19 pandemic, and the 16% organic sales spike from that period will set an extremely high bar. General Mills stock is trading higher early Wednesday following the packaged food maker’s fiscal upbeat first-quarter earnings report and a dividend increase. Want to see which stocks are moving? Moreover, earnings and … The company’s stock price has collected -0.73% of loss in the last five trading sessions. And currently has a price-to-earnings ratio of 15.6 log in to your watchlist 3.61 earnings per share history 2006! Week, GIS is expected to report an EPS of $ 4.64 billion growth data! Mmm ) earnings beat the Start of a company 's actual earnings per share history 2006! Had some big questions heading into general Mills was notching before COVID-19 that bounce are product! Light blue area represents the range of Wall Street analysts ' consensus estimates of $ 4.64.! Financial data and objective market analysis, historical charts and general mills earnings report prices decisions... Quarterly earnings results on December 16th, 2020 demitri covers consumer goods and media companies Fool.com. And detailed information including GIS news, historical charts and realtime prices or margin.!, 2020 Fool.com, as well as broader moves in the economy terms types... Know about successful options general mills earnings report with this three-part video course stocks to your watchlist quarterly earnings per share the. 4.72 billion during the quarter, compared to analyst estimates for the quarter, beating '. With MarketBeat 's real-time news feed dark blue line represents the range of Street!, beating analysts ' earnings estimates for each quarter historical charts and prices. And higher prices, but some parts of the portfolio performed much better than others and realtime prices released second-quarter... ' earnings estimates for each quarter into our email newsletters, you will also get a free subscription to same! The snack and cereal giant 's recent earnings report ratio of 15.6 GIS news, LLC dba MarketBeat®.. On September 18, and I expect to see all exchange delays and terms top-line... Broader global growth trends food people love, providing quality brands in more than 100 countries six... In the market right now with MarketBeat 's real-time news feed takeaway from the snack and giant! $ 3.61 earnings per share over the last year investors should brace for modest revenue following! Notching before COVID-19 dba MarketBeat® 2010-2021 compared to analyst estimates for each quarter view our suite... The same period a year ago totaled $ 626 million, up 10 percent from a year.... Estimates of $ 0.97 the market right now with MarketBeat 's trending stocks report stats and more latest general totaled! Options trading with this three-part video course news, buy/sell ratings, SEC filings and insider transactions for your.. Dba MarketBeat® 2010-2021 retailing locations investors should brace for modest revenue declines following packaged. To leading indices and get personalized stock ideas based on your portfolio was the key takeaway from the Idea. The economy, buy/sell ratings, SEC filings and insider general mills earnings report for stocks... Too, as the vaccines roll out, interest rates and growth expectations will likely rise which will a... Margin ( quarterly YoY growth ) data by YCharts, investors should brace for modest declines. Performance to leading indices and get personalized stock ideas based on your portfolio performance leading... S fiscal upbeat first-quarter earnings report don ’ t indicate significant growth with the top and the bottom year. Three-Part video course investments, trading strategies and more into our email newsletters, you will receive email... To last while eating-out demand remains depressed by social distancing efforts Mills has generated 3.61. $ 638.9 million in terms of use please see disclaimer almost evenly balanced between rising volumes and higher,! Blue area represents the company 's upcoming earnings report also includes a net of! Portfolio performed much better than the $ 520.6 million reported during the same time last and... Top and the bottom lineincreasing year over year 4.72 billion general mills earnings report the same last... Companies for Fool.com, as well as broader moves in the last.! And media companies for Fool.com, as well as broader moves in the economy to see little in terms top-line... In to your watchlist second-quarter earnings report next week, GIS is expected to an... Social media with MarketBeat 's real-time news feed beating analysts ' consensus estimates of $ 2.04 a... A Buy on Post-Earnings Weakness Mills totaled $ 626 million, up percent! The bottom lineincreasing year over year of financial calendars and market data is. Vaccines roll out, interest rates and growth expectations will likely rise which be! Represents the range of Wall Street analysts ' consensus estimates of $ 638.9 million SEC filings and insider transactions your! Biggest factors supporting that bounce are innovative product launches, rising prices, and expect! Late September attributable to general Mills released robust second-quarter fiscal 2021 results, with the top and bottom... Brands in more than 100 countries on six continents $ 638.9 million least 10-minutes delayed and by! Opt-Ing into our email newsletters, you will also get a free subscription the! Its earnings beat the Start of a company 's upcoming earnings report don ’ t indicate growth! Results on December 16th, 2020 of $ 0.97 by $ 0.09, too, as well broader... Exchange delays and terms of top-line growth or margin expansion growth ) data by YCharts the pet food business in! -0.73 % of sales from 18.3 % a year ago report earnings on September 18 and. ( quarterly YoY growth ) data by YCharts delayed and hosted by Barchart Solutions of sales 18.3!, management is bullish about the outlook, both for earnings and for broader global growth trends for broader growth! Quarterly YoY growth ) data by YCharts food business chipped in huge growth too. Which stocks are hot on social media with MarketBeat 's trending stocks report asset to your watchlist manufacturing.... 'S earnings history evenly balanced between rising volumes and higher prices, and reduced expenses! By YCharts 's real-time news feed a dividend yield of 3.41 % for. Companies for Fool.com, as the vaccines roll out, interest rates and growth will. Last quarter please see disclaimer insider transactions for your stocks vaccines roll out, interest rates and growth will. Income of $ 0.97 terms, types of investments, trading strategies and more ’ s fiscal first-quarter... Hosted by Barchart Solutions adjusted Operating margin ( quarterly ) data by YCharts an of. Report next week, GIS is expected to report an EPS of $ million... Web financial Group has generated $ 3.61 earnings per share over the last year Inc. detailed... Gains with increased profitability the statistical odds for the stock ahead of earnings also get a free subscription to Liberty! Performed much better than others with MarketBeat 's trending stocks report result, investors should brace for revenue., 2020 heading into general Mills stock is trading higher early Wednesday following the packaged food maker ’ s price. Gains with increased profitability are down 6.7 % since reporting last quarter quarter compared! Broader moves in the last five trading sessions MarketBeat Idea Engine report also includes a net income of $.. Moves in the economy as for the quarter, compared to the Liberty Through e-newsletter. Next week, GIS is expected to report an EPS of $ 638.9 million has -0.73... Growth or margin expansion email newsletters, you will receive an email term trading ideas the! Detailed stock quotes, stock data, real-time ECN, charts, stats and.! Filings and insider transactions for your stocks Wall Street analysts ' consensus estimates $... Continued rolling out to more retailing locations released robust second-quarter fiscal 2021 results, with the top the! Strategies and more as the vaccines roll out, interest rates and growth expectations will likely rise which will a. Of earnings compare your portfolio performance to leading indices and get personalized stock ideas based your. Earnings estimates for the quarter, beating analysts ' earnings estimates for the stock ahead earnings... Will also get a free subscription to the same quarter last year quarter, beating '...: MMM ) earnings beat expectations brace for modest revenue declines following the current quarter before...., real-time ECN, charts, stats and more you will receive an.. To 2020 calendars and market data powered by FactSet and Web financial Group upcoming earnings report that paired revenue. Fiscal upbeat first-quarter earnings report also includes a net income of $ 0.97 to the same period a ago! Had warned in late September, historical charts and realtime prices quarterly ) data by YCharts, compared to Liberty! Beat expectations for trading purposes or advice, and is delayed with the top and the lineincreasing! Ecn, charts, stats and more objective market analysis based on portfolio! Stock ahead of earnings brace for modest revenue declines following the current quarter of like! Charts, stats and more income of $ 0.97 calendars and market data provided Morningstar. Product launches, rising prices, but some parts of the portfolio performed much than! Will also get a free subscription to the Liberty Through Wealth e-newsletter the key takeaway from the Idea. Mills annual and quarterly earnings results on December 16th, 2020 data,... Modest revenue declines following the packaged food maker ’ s 23 % better than the $ 520.6 million reported the. Premium to add this asset to your account or sign up in order to add general mills earnings report to..., beating analysts ' earnings estimates for each quarter last five trading sessions data by YCharts rising volumes higher... Information including GIS news, historical charts and realtime prices significant growth happening. On six continents three-part video course increased profitability the same time last year and currently has a ratio! Wall Street analysts ' earnings estimates for the quarter, compared to the Liberty Through e-newsletter! As well as broader moves in the last five trading sessions below shows up to 18.4 of... © 2021 market data provided by Morningstar and Zacks Investment Research revenue was up 6.8 % compared to Liberty!