The Latest Breaking News from General Mills

The stock market traded mixed Wednesday morning on Fed Chairman Jerome Powell's comments. General Mills popped, while Carnival collapsed.

General Mills Inc (NYSE:GIS) reported fourth-quarter FY22 sales growth of 8% year-on-year to $4.89 billion, beating the consensus of $4.81 billion. North America Retail segment sales increased 11% Y/Y to $3 billion. Pet segment sales increased 37% to $610 million, while International segment sales fell 21% to $750 million. Adjusted EPS of $1.12…

General Mills (NYSE:GIS) is set to give its latest quarterly earnings report on Wednesday, 2022-06-29. Here's what investors need to know before the announcement. Analysts estimate that General Mills will report an earnings per share (EPS) of $1.01.

General Mills's (NYSE:GIS) short percent of float has fallen 4.37% since its last report. The company recently reported that it has 13.15 million shares sold short, which is 2.19% of all regular shares that are available for trading.

General Mills is exiting its dough manufacturing business in Israel, leaving behind a controversial Pillsbury plant in the West Bank.

CMA asks dough brand and French buyer Cérélia to also address its concerns about quality

General Mills is selling the Helper and Suddenly Salad brands for $610 million as the food giant lessens its position in the boxed-meal category it helped create.

General Mills Inc (NYSE:GIS) has entered into a definitive agreement to acquire TNT Crust, a manufacturer of frozen pizza crusts for regional and national pizza chains, foodservice distributors, and retail outlets. The financial terms of the deal were not disclosed. TNT Crust is currently a portfolio company of Peak Rock Capital. GIS expects…

As the recession concerns could keep the overall stock market under pressure in the near term, it could be wise to bet on dividend stocks for a steady income stream. Thus, we think investors should consider scooping up shares of Weyerhaeuser (WY), General Mills (GIS), and WestRock (WRK) now.