Minneapolis, Minnesota-based General Mills, Inc. (GIS) is a global manufacturer and marketer of branded consumer foods. It operates through North America Retail, International, Pet, and North America Foodservice segments. With a market cap of nearly $34 billion, General Mills boosts an extensive portfolio of 100+ brands.
The packed food giant is expected to announce its third-quarter results on Wednesday, Mar. 19. Ahead of the event, analysts expect General Mills to report a non-GAAP profit of $0.99 per share, down 15.4% from $1.17 per share reported in the year-ago quarter. The company has a robust earnings surprise history. It has surpassed analysts’ bottom-line projections in each of the past four quarters. Its adjusted EPS for the last reported quarter increased 12% year-over-year to $1.40, exceeding the consensus estimates by 14.8%.
