General Mills’ Q4 EPS Beat Estimates, but Outlook Disappoints
General Mills (GIS) reported better-than-expected fiscal fourth quarter bottom-line results. The company’s adjusted EPS of $0.79 increased 8.2% YoY (year-over-year) and handily exceeded analysts’ estimate of $0.72. Improved sales, margin expansion, and lower taxes supported General Mills’ earnings growth. However, cost headwinds and increased interest expenses remained a drag.