August 9, 2022

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General Mills Stock Higher After Q4 Earnings Beat, Dividend Boost

Up-to-date at 12:31 pm EST

Normal Mills  (GIS) – Get Normal Mills Inc. Report posted much better-than-envisioned fourth quarter earnings Wednesday, and boosted its quarterly dividend, in spite of “considerable inflation and source chain disruptions” that pressured revenue margins. 

Standard Mills explained modified gains for the three months ending on Might 29, the group’s fiscal fourth quarter, rose 23.1% from last 12 months to $1.12 for every share, properly ahead of the Avenue consensus forecast of 91 cents. Group revenues, Standard Mills mentioned, have been up 8% to $4.9 billion, narrowly topping analysts’ estimates of a $4.805 billion tally.