General Mills Earnings in 3 Charts
If there's a growth slowdown coming for General Mills (NYSE: GIS), it won't strike for at least another quarter. That was the key takeaway from the snack and cereal giant's recent earnings report that paired strong revenue gains with increased profitability.
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. 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.
Still, management is bullish about the outlook, both for earnings and for broader global growth trends. Let's take a look at some highlights.
Source Fool.com
